Genworth Financial

www.genworth.com
Employer Engaged

Genworth Financial Reviews

Updated 28 February 2015
Updated 28 February 2015
246 Reviews
3.3
246 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
61 Ratings

Review Highlights

Pros
  • Genworth takes seriously the work life balance and community involvement (in 17 reviews)

  • Great benefits, generally good people to work with (in 15 reviews)


Cons
  • There is no work-life balance - a throwback from the GE mantra (in 10 reviews)

  • It may be difficult to move new ideas through upper management (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    easy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Casual Office Monkey in Sydney
    Former Employee - Casual Office Monkey in Sydney

    I worked at Genworth Financial part-time (less than a year)

    Pros

    no pressure, easy work environment, not complicated. My role was very basic. he best part was i wasnt forced into working undue hours like some other similar companies

    Cons

    culture was a bit childish. Lots of weird schools style assemblies, awards ceremonies and bad motivational speeches. If you like fake high school spirit then you would like this place.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    A highly focussed single line of business insurer

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Genworth Financial

    Pros

    International blue chip company, that gives credibility to an employees CV. The focus on granularity allows a better understanding of financial layering and detail. This gives a greater appreciation of how to avoid risk, improve analytic processes and maximise investment.

    Cons

    The nature of the company since the GFC has made it difficult for employees to make effective change. The financial climate in the US dictates international policy and in turn poorly defined audit processes were put in place as a facade of 'fiscal security'.
    Time would see these processes mature and soothe the working environment

    Advice to ManagementAdvice

    Macro management changes at the 'C' level tends to undermine staff and their previous efforts to support the company through difficult times. Any change at CEO level is going to have serious issues and in a company that needs stability, those issues should be avoided where possible.

  3.  

    Such a long process for sending the job offer letter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Good compensation benefits and nice people to work with

    Cons

    Very bureaucratic, lengthy administration processes

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Good HR department but bureaucratic work place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Engineer in Sydney
    Current Employee - Senior Software Engineer in Sydney

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

    Pros

    Stable job, not too pressing

    Cons

    Office politics dominate the place

    Advice to ManagementAdvice

    Hire less politicians more people try to get job done

  6.  

    Great experience but...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    I think experiences differ a lot depending on what part of the company you are with. I'm at headquarters in Retirement & Protection. Great people, lots of smart, thoughtful coworkers and managers. Just about everyone here works hard, but there's still a good work/life balance.
    The work is challenging and meaningful and the benefits are top notch. Salaries are very fair. They also strongly encourage and support further education, taking classes, internally and externally. Most teams are strong and effective and senior leadership has worked hard to advance a good culture in the workplace.

    Cons

    The company seems trapped in a very stressful cycle of ups and downs. In the downs there are layoffs, budget cuts, and it's difficult to get resources. On the ups, they over hire and tend to get bottom and middle heavy. There's too many meetings, more micromanagement than there should be, and they have a very hard time breaking away at all from a conservative attitude. The building is getting to be in poor shape as well.
    Probably one of the biggest problems is that it's very hard to break out of your hiring band designation, and for many people there's few opportunities to advance.
    Additionally there's often little role clarity and as a result there's clashes and confusion over ownership of projects.

    Advice to ManagementAdvice

    Spend money more carefully - learn from past mistakes and stay lean. Update titles so it's clear what people's roles are, make an org chart and have it easily available. Help find solutions when employees who are top performers are stuck long term with no advancement opportunities. Senior leadership has improved but still needs to communicate better with staff.

  7.  

    Best company ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Raleigh, NC (US)
    Former Employee - Business Analyst in Raleigh, NC (US)

    I worked at Genworth Financial

    Pros

    The management staff is outstanding.

    Cons

    It's hard to manage a work life balance

    Recommends
    Positive Outlook
  8.  

    Great, but you need to make yourself known.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Learning & Development in Richmond, VA (US)
    Former Intern - Learning & Development in Richmond, VA (US)

    I worked at Genworth Financial as an intern (less than a year)

    Pros

    - Independence if you push for it
    - MBA paid for
    - Looking for younger talent
    - Service minded organization
    - Fantastic management

    Cons

    - Poor culture
    - Outdated HR metrics
    - Bland work environment
    - Poor facilities
    - Strict bureaucracy

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Love it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    Great opportunities. Excellent managers. Plenty of challenges.

    Cons

    Some beauracracy when dealing with other departments.

    Advice to ManagementAdvice

    Keep doing what you are doing.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    Good managers, nice vacation package

    Cons

    Mostly old technology, too many budget cuts

    Advice to ManagementAdvice

    Treat people nicely, show them you care

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Claims Support Specialsit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Specialist in Raleigh, NC (US)
    Former Employee - Claims Specialist in Raleigh, NC (US)

    I worked at Genworth Financial

    Pros

    Great hourly rates, benefits, and holidays off. Work schedule Monday through Friday 8-4:30, and weekends off.

    Cons

    The position was offered Temporary/ contract position.

    Recommends
    Positive Outlook
    Approves of CEO

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