Sanlam Reviews | Glassdoor

Sanlam Reviews

Updated June 19, 2017
30 reviews

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3.8
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Johan van Zyl
15 Ratings

30 Employee Reviews

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  1. Helpful (1)

    "Sanlam Employee Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Systems Specialist in Cape Town (South Africa)
    Current Employee - Data Systems Specialist in Cape Town (South Africa)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Sanlam full-time (More than 10 years)

    Pros

    There is always a lot of work to look forward to. And the majority of colleagues are great to work with.

    Cons

    There aren't always enough hours in the day for everything that needs to be done.


  2. "equity analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Analyst in Cape Town (South Africa)
    Current Employee - Equity Analyst in Cape Town (South Africa)
    Recommends
    Positive Outlook

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

    Pros

    Flexible working hours, Open door policy,

    Cons

    Below market average compensation compared to peers

  3. "Administrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    Pros

    Good company
    better working hours
    friendly staff
    good relations
    loads of outdoor activities

    Cons

    Slow Growth
    less learning
    no training
    bossy people
    hectic dealing with consultants

    Advice to Management

    Take care of your staff


  4. "RSC"

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

    Pros

    Great work environment and great people.Good work life balance

    Cons

    No cons , always has a good work experience


  5. Helpful (1)

    "Terrible company work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Adviser
    Current Employee - Financial Adviser
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    In terms of product offering Sanlam has great products which are far better than many other companies

    Cons

    No support for financial advisors. Financial advisers are the bread and butter of a financial company, however Sanlam treats their advisers as though they are another source of income. They cripple new advisors with operating expenses that make it difficult to just make ends meet in an already tough industry.

    They have no concern about the actual well being of advisers. As advisers we are supposed to assist clients with managing their budgets no and not out then into positions where are financially compromised. However Sanlam shows their advisors so such regard. They force you to take out several policies which are not affordable, they do not contribute to any employee benefits.

    Normally when companies opt for cost to company that means that it is up to you to sort out your personal cover on ypir own. They don't force you to take out policies that you can't afford, if you don't agree you don't get the job.

    When you don't succeed due to be crippling operating expenses that they force on you you are left with a policies that you can't afford, and are in a compromised financial position. Which Sanlam does not care about.

    No transparency or integrity in dealings with staff or coworkers. There are no repercussions for people who choose to act without integrity the work place.

    Advice to Management

    Take responsibility for your financial advisers as they are your bread and butter
    Stop treating advisers like money making machines.

    Stop charging advisers operating expenses like office rent, phone internet. Rather you should be offering them support in these areas. Giving them an allowance for petrol and other operating expenses.

    Pay advisers a basic salary plus commission. This practice is common in sales jobs.

    Put a stop to unethical practices in the work place. Penalize employees who insist on behaving without integrity, including managers.


  6. "sales representative"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Sanlam full-time

    Pros

    continuous growth in sanlam as a corporation.

    Cons

    limited growth in specific departments. in order to advance in ones career, you need to relocate or move departments.


  7. "Nice benefits but not a great job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Cape Town (South Africa)
    Former Employee - Consultant in Cape Town (South Africa)
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Great employee wellness program
    Business systems are good
    Cafeteria has delicious and affordable food
    The company provides great benefits
    Life at work is really convenient with the added shops, banks and even a hairdresser in the building
    Nice staff functions
    Very good training is provided

    Cons

    They're strict with employment equity so if you're not of color they either won't employ you or they won't allow you to progress in the company
    Sales environment feels like you're working with an axe above your head. If you don't make your target, you're out!
    Management can have intimate relations with staff members and staff members in turn receive favor by means of promotions
    Very long hours
    Very difficult to move around within the company

  8. "Financial Adviser"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cape Town (South Africa)
    Current Employee - Anonymous Employee in Cape Town (South Africa)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I interact with clients face to face and enjoy meeting different people with various needs and.I am the one to come.up with the solution..I am passionate about what I do,.it sharpens my skills.especially communication.

    Cons

    It's hardworking,you find yourself behind the wheel always including weekends. It is.strictly commission based. You running a business with no capital

    Advice to Management

    Financial Advisers should be 'reimbursed for the petrol, I think.that would make their work much easy. Taking into consideration that they pay for.everything else, medical aid,.uif, tax etc


  9. Helpful (1)

    "Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in Nairobi (Kenya)
    Current Employee - Underwriter in Nairobi (Kenya)
    Recommends
    Negative Outlook

    I have been working at Sanlam (More than a year)

    Pros

    Employee benefits are great.Great employee pension and insurance.Possiblity of growth if you have papers.

    Cons

    They should invest in employees

    Advice to Management

    Take action


  10. Helpful (1)

    "Development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Assistant in Johannesburg (South Africa)
    Current Employee - Personal Assistant in Johannesburg (South Africa)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good long-standing company that does good work, very client-centric.

    Cons

    Very old school, not very concerned about internal staff development that is relevant to to industry.

    Advice to Management

    Allow staff to choose own training path, allow for better advancement, and be more aware of rating staff.


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