Old Mutual Reviews | Glassdoor

Old Mutual Reviews

Updated June 21, 2017
108 reviews

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Full-time Part-time

3.5
Star Star Star Star Star
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Old Mutual Group CEO Julian Roberts
Julian Roberts
36 Ratings

108 Employee Reviews

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Pros
  • Commitment to work/life balance and employee wellbeing (in 6 reviews)

  • Culture, work/life Balance, pay and benefits, colleagues (in 5 reviews)

Cons
  • salary below industry average before reaching senior management level; promotion is very slow and difficult (in 5 reviews)

More Pros and Cons

  1. "A leaderless company that doesn't have a vision or know to manage itself in advance of problems."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Being employed is better than being unemployed. Responsibilities are delegated, and compensation was fair. The company does maintain a strong balance sheet.

    Cons

    The failure of leadership means your job is at high risk of developing into a past position as they lay people off to compensate for their failures.

    Advice to Management

    Get a vision and treat people with respect.
    Don't rely on direct reports to tell you what is going on. The issues underneath them are severe and known to the staff's. They could tell you how to fix them before you sell the subsidiary and fire everyone.
    Treat people fairly.


  2. Helpful (1)

    "The Borg Outpost"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Southampton, England (UK)
    Former Employee - Anonymous Employee in Southampton, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Many nice people – especially the more recent joiners

    Cons

    Clichés and fiefdoms connected by their length of service, rather than value, competency or effectiveness.

    Decision making by committee or collective – no one wants to be accountable for a decision.

    Advice to Management

    Stop shuffling and promoting the same old bunch of people around

  3. "crap"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    well possibly the brand name

    Cons

    the whole joint was depressing


  4. "Go away with this company"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The benefit is good, the management try to give more benefits to keep the employee. Good point on the resume.

    Cons

    Very bad management, the turnover rate is very high, every employee will be feel upset with something. Do not be the employee of this company.

    Advice to Management

    To be kind to the employee from the policy and from the heart, not just pay, the employee is the assets


  5. "Fun place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    A good place to learn

    Cons

    No career future. It is a closed block business.


  6. "Draining"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    People are generally nice, HR team really tries to make the workplace fun with team building exercises, lunches, etc.

    Cons

    Management does not listen to employees, creativity in problem solving is actively discouraged, work/life balance is minimal in some groups, management team is shaky and worst of all, London office controls everything making for lots of bureaucratic unnecessary paper-pushing jobs.

    Advice to Management

    Decide on a management team, then stick to it. Aim to bring the best out of people to benefit the company and their personal/professional growth, rather than just viewing them as resources. Don't make promises to the market that you can't keep.


  7. "Past Experiences"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good Benefits package and renumeration

    Cons

    Lack of personal managers who monitored individuals progress and development

  8. "Good in parts"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    A diverse group with lots of opportunities in Africa

    Cons

    Middle management is very poor and the organisation is highly siloed.

    Advice to Management

    Get a grip on your middle management and build a coaching culture.


  9. "Not good at succession planning"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Consultant in Johannesburg (South Africa)
    Current Employee - Marketing Consultant in Johannesburg (South Africa)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    They offer benefits and will promote an actuary alot faster than any other role

    Cons

    lack of personal growth and lack of direction. the business plans for the future with exculding the growth factor for their staff compliment.


  10. "Long hours and no career plan plus, as a woman, got paid less than men in the same position."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Institutional Relations Manager in Mexico City (Mexico)
    Former Employee - Institutional Relations Manager in Mexico City (Mexico)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Lots of fun people to work around, laid back environment. You can learn a lot because of the multi tasking involved.

    Cons

    Long hours, heavy workload not matched with the salary received, no career plan of any kind or investment in meaningful employee's training, salary below market (considering companies with same activity/scope of services)

    Advice to Management

    Invest on employees, work on better salary schemes, base promotions on performance not time in the company, work on a better benefits program


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