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Genworth Reviews

Updated January 9, 2018
494 reviews

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3.4
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Genworth Chief Executive Officer Thomas McInerney
Thomas McInerney
159 Ratings

494 Employee Reviews

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Pros
Cons
  • Some members of upper management are more focused on numbers than people (in 16 reviews)

  • Senior Leadership (Richmond) has lost its way (in 11 reviews)

More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Richmond, VA
    Current Employee - Director in Richmond, VA
    Recommends
    Approves of CEO

    Pros

    Growing company, lots of encouragement, not your typical insurance company. You can really have an impact here. It is an amazing culture of change, and I think the IPO had a lot to do with that. You get the stability of a long-standing Fortune 500 company, with the freedom and flexibility of a startup.

    Cons

    The company is still trying to figure out where it is headed, and the vision is still shaping up. That makes a lot of people uncomfortable, but there are very positive headwinds.

    Advice to Management

    Take more risks, let go of "old school" thinking. Need to be more decisive - seems like we tiptoe around tough issues, rather than make the big calls


  2. Helpful (1)

    "A place to build a career, good compensation, ok benefits, but slow on decisions"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA
    Recommends
    Approves of CEO

    Pros

    Build a career, not just do a job - great opportunities to advance.
    My manager is a great coach and mentor.
    Good compensation - they are competitive.
    I have challenging and meaningful work - I feel what I do makes a positive impact to our customers.

    Cons

    Decision making is slow... very risk averse company and too many decisions without a clear end approver.
    Lack of empowerment to make independent decisions (again, risk averse Insurance company mentality.... unfortunately the culture sometimes rewards inaction and overanalyzing)

    Advice to Management

    Overall, I am very happy working for Genworth Financial and have been here for many years. Genworth does a great job of giving people a career, not just a job. We also focus a lot of energy on development strong people managers, which is great.

    Where I would love Genworth to focus improvement on is being less controlling and centralized, give employees more power to do their jobs and not have to get approval from 20 people and 3 committees on simple things. Also, please stop rewarding the nay-saying overanalyzers and look to encourage the why-nots.

  3. "Good Company, Great Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Richmond, VA
    Current Employee - Financial Analyst in Richmond, VA
    Recommends
    Approves of CEO

    Pros

    Good pay, good community involvement, overall great company to work for!! Casual environment, awesome benefits and pension package, decent bonuses, nice business campus, very smart group of people!!!

    Cons

    Accounting department work life balance.

    Advice to Management

    Encourage more promoting from within!


  4. Helpful (1)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA
    Recommends
    Positive Outlook

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

    Pros

    Work/Life balance is great. Flex schedule is pretty common. Benefits are great. People are friendly and smart

    Cons

    Fear of layoffs, unclear sense of direction from upper management, and a little bit too much red tape at times

    Advice to Management

    give your employees a strong sense of direction and take layoffs off the table. You do over 10 billion in annual revenues and only have 6500 Full Time Employees. Genworth is already pretty lean and mean


  5. "Interesting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Richmond, VA
    Current Employee - Business Analyst in Richmond, VA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Genworth provides a nice work /life balance.
    Great Benefits.
    4 weeks vacation starting out.

    Cons

    Layoffs almost every year.
    Management doesn't always have a clear vision of what they want to do.


  6. Helpful (1)

    "Good people and they are fun to work with. Makes it nice to go into work every day and work with them.."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior IT Systems Analyst in Rancho Cordova, CA
    Current Employee - Senior IT Systems Analyst in Rancho Cordova, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Genworth full-time (More than 5 years)

    Pros

    Flexible work hours, as long as you can get the work done clocking in and out isn't required.
    New Opportunities come up all the time so there are new skills to be learned often and to help your carreer path.
    Management listens to my ideas and responds well.
    Good Overall Benefits Package

    Cons

    The Medical Benefit Choices are very limited. This is a company headquartered in the Eastern United States so there is no Kaiser for us here. Would like to have more choices for Medical Providers like Kaiser.

    Advice to Management

    Get more Medical Plan choices.


  7. "Great place to work good compensation and benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Schaumburg, IL
    Current Employee - Senior Software Engineer in Schaumburg, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent work life balance. Work from home.

    Cons

    None that i can think of.

    Advice to Management

    None that i can think of.

  8. "Cared about employee's quality of work-life"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Fortunate to have 2 great managers to work for. Most employees loved working here so much that most new-hires were by internal referrals. Focused on keeping employees happy and healthy.

    Cons

    Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy. Not a good work environment.

    Advice to Management

    Handle employee status with more stability.


  9. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Lynchburg, VA
    Former Employee - Customer Service Representative in Lynchburg, VA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Genworth full-time (More than 3 years)

    Pros

    Good Benefits , pay and co workers

    Cons

    none that i can think of

    Advice to Management

    keep up the good work


  10. "Account Manager"

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

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

    Pros

    Flexablity, fair compensation, commitment from sr management to be competitive in the market

    Cons

    Don't win every deal but where do you.

    Advice to Management

    Keep up the great work.


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