Manulife Financial

  www.manulife.com
  www.manulife.com
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Manulife Financial Reviews

Updated September 26, 2014
Updated September 26, 2014
226 Reviews
3.3
226 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Manulife Financial President and CEO Donald A. Guloien
Donald A. Guloien
113 Ratings

Review Highlights

Pros
  • Good work life balance, usally work 40 hours a week without much overtime (in 30 reviews)

  • The role also offers work from home opportunities and therefore some work life balance can be achieved (in 10 reviews)


Cons
  • The work life balance here is quite terrible as most people only leave work after 8pm (in 6 reviews)

  • over time and relatively long working hours, did not quite get involved in the main projects, no rotation as well (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    A high-stress, low-reward environment with few opportunities for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Imaging Processor  in  Waterloo, ON (Canada)
    Former Employee - Imaging Processor in Waterloo, ON (Canada)

    I worked at Manulife Financial as a contractor

    Pros

    Stable work environment. Cafeteria is great. Office is climate-controlled...

    Cons

    No windows. High stress environment and tight deadlines lead to an employee culture of frequently skipping lunches and "volunteering hours", which is technically discouraged but still happens regularly. The vast majority of employees have workplace injuries associated with their jobs--chronic back pain, shoulder pain, and wrist weakness. The half-hour lunch is the only guaranteed break. Most people have been in their current position for years (aka little career development). Quotas have increased drastically while employee wages and benefits barely change. Much gossip and discontent among workers, both temp and perm. Very little career development opportunities within the scope of this department.

    Advice to ManagementAdvice

    You are burning out your front-line workers, who are literally handling hundreds of thousands (if not millions!) of dollars in cheques each day.

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    Life been Manipulated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Toronto (Cuba)
    Former Employee - Analyst in Toronto (Cuba)

    I worked at Manulife Financial full-time for more than 5 years

    Pros

    Only recommend for people who do not have financial industry experience but need a place to build up. Not worth of staying long.

    Cons

    Two type of people survive in this company: people with smooth tongue or silent sheep.
    While Donald G. is trying to build an organization, certain middle mgmt are busy in building their own regime. Different voice will be shut off and kicked out…

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    This place will never change no matter what they try to do.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Manulife Financial full-time for more than 8 years

    Pros

    Head office grounds are well maintained

    Cons

    Highest leader levels in HR are unethical and do not represent the interest of the company- highly politically charged environment. Diverse opinions and perspectives are not welcome.

    Advice to ManagementAdvice

    Innovation, collaboration and social responsibility/sustainability are the key drivers for business success. De-layering an organization does not get you there..it only makes you a bit more agile. Think long and hard about your culture and understand it is your barrier to success and it starts from the top!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Good to work in if you are part of the production group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Manulife Financial full-time for more than a year

    Pros

    At least one activity per quarter

    Cons

    Employees have been too wrongly pampered

    Advice to ManagementAdvice

    You should recognize efforts done by all department

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Too many layers of management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Waterloo, ON (Canada)
    Former Employee - Anonymous Employee in Waterloo, ON (Canada)

    I worked at Manulife Financial full-time for more than a year

    Pros

    Work-life balance. Lots of opportunities to give back to the community especially through the food bank. Flexible hours of work.

    Cons

    Hard work does not seem to be rewarded. You have to basically, for lack of a better expression, suck up to your manager in order to get a promotion or good review. The pay is terrible. They take advantage of contract workers.

    Advice to ManagementAdvice

    Reduce the levels of management and employ managers who are well-educated. Not online degree holders and high school diploma holders.

    Doesn't Recommend
    No opinion of CEO
  7.  

    Do you want to work in a Call Centre?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Internal Wholesaler, Wealth Management Sales  in  Toronto, ON (Canada)
    Current Employee - Internal Wholesaler, Wealth Management Sales in Toronto, ON (Canada)

    I have been working at Manulife Financial full-time for more than a year

    Pros

    Several conferences throughout the year with lots of free alcohol!

    Cons

    Sweat shop environment that is driven by call centre metrics: dials and meetings booked.

    Advice to ManagementAdvice

    It's nice that our CEO gets a raise, what about regular Manulife employees? What happened to controlling expenses? Management should lead by example.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Refused to hire full-time CSRs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Services Representative  in  Waterloo, ON (Canada)
    Current Employee - Customer Services Representative in Waterloo, ON (Canada)

    I have been working at Manulife Financial as a contractor for more than a year

    Pros

    Good name &
    Good trainer - Trainer is very helpful and patient

    Cons

    Bad pay
    Uncertainty about employment
    Expect too much, don't give much

    Advice to ManagementAdvice

    Try hiring people Permanently instead.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    very slow process for everything; office poliltics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Manulife Financial part-time

    Pros

    good building and computers, good co-workers

    Cons

    some mangers are not qualified; it took 6 months to do something that can be done in 6 minutes, very low efficiency

    Advice to ManagementAdvice

    listen to employees for comments about their managers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    IS (Information Service) /IT at Maulife

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer  in  Waterloo, ON (Canada)
    Current Employee - Software Developer in Waterloo, ON (Canada)

    I have been working at Manulife Financial full-time for more than a year

    Pros

    Pay for overtime
    Always participates in volunteer actives
    Flexible timing
    Work from home program

    Cons

    Highly political
    No value for technical knowledge
    Non ethical environment (Other people will take your work and management will ignore this situation)
    One task is assign to 2-3 resource and creates unnecessary competition

    Advice to ManagementAdvice

    You need shake up by giving opportunity to ethical managers and reduce the management overhead. you need active management that supports IT skills not political skills.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    Work Hard Play Hard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Accounts Associate  in  Toronto, ON (Canada)
    Former Employee - Accounts Associate in Toronto, ON (Canada)

    I worked at Manulife Financial full-time for less than a year

    Pros

    Large Company with lots of credibility

    Cons

    Very demanding
    Not a lot of internal support
    Employee moral very low

    Advice to ManagementAdvice

    Support the employees and provide internal learning opportunities

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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