Genworth - Very limited earning structure unless you're an outside hire | Glassdoor
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There are newer employer reviews for Genworth

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"Very limited earning structure unless you're an outside hire"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Operations Business Analyst in Virginia (South Africa)
Current Employee - Operations Business Analyst in Virginia (South Africa)
Recommends
Positive Outlook
Approves of CEO

I have been working at Genworth full-time (More than 3 years)

Pros

Excellent benefits package (401k match of 6%, starting time off at 4 weeks, etc). They offer tuition reimbursement, which is a fantastic opportunity.

Good people to work with overall. Nice bosses.

Depending on the department/team, bosses can be very generous and flexible with time. If you are paid hourly, this can be very difficult to get; but if you're salary, the work-life balance is much better.

If you do well, you do get noticed and have advancement opportunities (however, see below for a 'con' in this area).

Cons

If you start at a very low level, it's extremely difficult - probably impossible - to get a fair salary. From my experience, they have capped percentage raises, so it is impossible to get a fair market rate unless you're coming from outside the company. This is frustrating, especially when their current employees who work hard (and are rewarded with stronger year-end performance reviews) are unable to get a better salary than an outsider. Shouldn't you reward hard-working employees who have added value to your company with market salary rates?

The company is also very hierarchical, and this can cause a lot of unnecessary red tape. A lot of systems are broken and it can cause difficulties when trying to do your job accurately.

Advice to Management

Eliminate the percentage caps on raises (for moves within the company, and annual performance reviews). Reward your lower-level employees who have performed well with fair salaries!

Other Employee Reviews for Genworth

  1. "Good medium sized multinational to work in, aside from the business model"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Recommends
    Negative Outlook

    I worked at Genworth full-time (More than a year)

    Pros

    People, good access to senior execs, innovative

    Cons

    Strong headwinds due to mortgage risk exposure and personal credit exposure


  2. "Not the most pleasant place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Analyst in Shannon (Ireland)
    Current Employee - IT Analyst in Shannon (Ireland)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Genworth full-time (More than a year)

    Pros

    Good salary and benefits package

    Cons

    Hierarchal, can be very isolating, lots of corporate mumbo jumbo to contend with- they rarely just leave you alone to do your job.

    Advice to Management

    Stop wasting time and money on ridiculous personal development courses that nobody feels comfortable doing.

There are newer employer reviews for Genworth
There are newer employer reviews for Genworth

See Most Recent

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