Prudential - Solid portfolio of businesses in state of transition | Glassdoor
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There are newer employer reviews for Prudential

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Helpful (8)

"Solid portfolio of businesses in state of transition"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in Newark, NJ
Current Employee - Vice President in Newark, NJ
Doesn't Recommend
Negative Outlook
Approves of CEO

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

Pros

Mission focused on helping working savers and solving challenges runs deep.
Executive leadership is beginning to focus on removing legacy inefficiencies / obstacles.
Business mix is balanced and has many untapped growth-through-integration opportunities.

Cons

Many control functions and technologies (e.g. Lotus Notes) are stuck in the 20th century.
Maintains an "old school" hierarchy and corporate culture borrowed from bankers brought in from the 80's / 90's.
Acquired companies tend to not blend in easily or integrate fully with Corporate.

Advice to Management

Prudential has a very complex, dated internal business system. Reduce overhead and increase associate satisfaction by simplifying/streamlining that system.

Other Employee Reviews for Prudential

  1. Helpful (7)

    "Stability...at a price"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Newark, NJ
    Current Employee - Manager in Newark, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Prudential full-time (More than 8 years)

    Pros

    Good work life balance but subject to business unit and manager. This is a strong, stable company to work for as evidenced by many long tenured employees. There are a lot of really good people at this company. Certain benefits are very good.

    Cons

    No continuity between business units. Very political and way too many silos. Low pay raises. Good bonus but subject to fluctuation. Some really ineffective managers crippled by indecision. Too much process. Very conservative. Advancement opportunities are limited despite a "commitment" to talent management.

    Advice to Management

    Demystify and streamline the process behind promotion and recognition. Commit to retention of employees as a priority that trumps attracting new talent. Enterprise wide mobility should be encouraged.


  2. Helpful (3)

    "Good place to learn the financial services industry if you can survive the corporate politics and outsourcing of jobs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Security Associate in Scranton, PA
    Former Employee - Information Security Associate in Scranton, PA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Prudential full-time (More than 10 years)

    Pros

    Depending on what office location your in, there is plenty of room for you to either grow in your current position or move to another department to learn more. Work life balance is good, but that also depends on who you work for and what department you are in. Support of co-workers is great.

    Cons

    Senior management is lost. Your expected to do the work of two people. Managers/Directors/VP's constantly change as positions are "eliminated" (employees given severance packages), then backfilled by either a replacement off the street or moving another person internally to the "eliminated" position. This is done mostly because someone doesn't like someone. There is a great deal of favoring work friends by management, meaning if an open position is posted, a managers friend who is not qualified would be offered the position vs someone who was qualified (I've seen this happen so many times). Management will, at times, brush issues that are brought to their attention under the rug vs attempting to correct the problem. There is also a great deal of outsourcing that goes on which makes you wonder if your position will be there the next day (they tend to not let you know it's coming 99% of the time). I survived almost 16 years with the company before I decided it was time for a change (on my own behalf), so a long career can be done with them. Compensation is not the best.

    Advice to Management

    Listen to employees concerns instead of making acronyms related to PRU that no one bothers paying attention to.

There are newer employer reviews for Prudential
There are newer employer reviews for Prudential

See Most Recent

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