Genworth Financial
3.0 of 5 173 reviews
www.genworth.com Richmond, VA 5000+ Employees

Genworth Financial Reviews

Updated Apr 08, 2014
Genworth Financial – Richmond – “Genworth Sign”

All Employees Current Employees Only

3.0 173 reviews

                             

79% Approve of the CEO

Genworth Financial President & CEO Thomas J. McInerney

Thomas J. McInerney

(33 ratings)

50% of employees recommend this company to a friend
173 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "good work life balance, good compensation"
    in 13 reviews
  • "Great benefits with generous time off"
    in 11 reviews
Cons:
  • "There is no work-life balance - a throwback from the GE mantra"
    in 10 reviews
  • "Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy"
    in 7 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Good HR department but bureaucratic work place

Senior Software Engineer (Current Employee)
Sydney

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

ProsStable job, not too pressing

ConsOffice politics dominate the place

Advice to Senior ManagementHire less politicians more people try to get job done

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Great Place To Work!!

Anonymous Employee (Current Employee)

I have been working at Genworth Financial full-time

ProsGreat management team
Great Work Life Balance

ConsLow training opportunities
Low career advancement opportunities

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
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  • No Opinion of CEO

 

Decent experience--great coworkers

Anonymous Employee (Current Employee)

I have been working at Genworth Financial as a contractor

ProsFriendly coworkers, helpful systems and IT maintenance, this company will give you everything you need to get your job done--it's up to you to do it well--but you won't run into a lack of supplies here. Management seems competent.

ConsContracted job currently. Contractors are often left out of corporate events and meetings, which can be awkward when an entire office will leave for a luncheon and you aren't invited.

Advice to Senior ManagementSatifactory

Yes, I would recommend this company to a friend

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1 person found this helpful  

Old values a change needs to come

Anonymous Employee (Former Employee)

I worked at Genworth Financial full-time for more than 3 years

ProsGood Salary, bonus and additional compensation
Diverse work culture

ConsThe company had some really old boy values. The best person for the job was not always promoted it was more, who like you. I have know people to quit due to lack of advancement.

Advice to Senior ManagementI understand there is a new CEO. In order for the company to advance there may need to be a change in the other guards.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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  • Disapproves of CEO

 

13 years of dedicated service

Internal Sales Consultant (Former Employee)

I worked at Genworth Financial full-time for more than 10 years

Prosgood work life balance, good compensation

Consleadership changed and no one knows anyone anymore.

Advice to Senior Managementstep back and look at what is going on and going wrong instead of continuously reorganizing the company

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Overall positive experience

Anonymous Employee (Former Employee)
Richmond, VA (US)

I worked at Genworth Financial full-time for more than 10 years

ProsPositive work environment, ethical staff/employees, knowledgeable co-workers, good working environment, gym and wellness center

ConsLittle room for advancement, designations are not generally appreciated which creates an environment that does not help one to grow skills by learning from more experienced staff - such as in process improvement, project management, international business development

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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  • No Opinion of CEO

 

Was a Strong Company in the past

Senior Administrative Assistant (Former Employee)
Richmond, VA (US)

I worked at Genworth Financial full-time for more than a year

ProsSalary is OK
Can be a good opportunity for the right person
Many offices all over the US
Home office support

ConsUnrealistic business model
Too many budget cuts
Serious lack of company cohesion
They don't care enough about employee happiness

Advice to Senior ManagementThis company has made too many changes in too short of a period of time. Expectations of production is just unrealistic. The opportunity was there to capitalize on a well known brand but too many management changes and restructuring has really damaged the company

– I'm not optimistic about the outlook for this company

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3rd tier insurance company, not looking to be top tier. Lack of effort by management to incent employees.

Vice President (Former Employee)
Stamford, CT (US)

I worked at Genworth Financial full-time for more than 5 years

ProsI got a pension contribution each year. Most of the time not huge micro management but that was changing. Top down nice focus on philanthopy and active charity involvement of all employees--- Heart.

Conslack of flexibility, no desire to grow the business, try new things to change growth trajectory of the business.

Advice to Senior ManagementLook to grow and adapt to changing business environment.

No, I would not recommend this company to a friend

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  • Approves of CEO

 

Excellent Growth Opportunity

Web Content Manager (Former Employee)
Richmond, VA (US)

I worked at Genworth Financial full-time for more than a year

ProsGenworth is moving forward by focusing on changing to meet the market. They have a new CEO and he is taking the company in a exciting new direction with an emphasis on web and brining in new business with their new and improved web site.

ConsSome groups in the company are still doing things the way they have been doing them for the last 20 years. Change comes slowly.

Advice to Senior ManagementKeep moving forward and stay focused on your goals. Avoid getting side tracked with current trends and new marketing ideas.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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accountability only applies to a select few

Anonymous Employee (Current Employee)

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

ProsThere are some talented and fair personnel at a company that provides a necessary product. The change in leadership was necessary and the share price reflects the consensus.

ConsLack of support from middle management when inputs to your process are outside your control, and you are held accountable for negative results. Tell all the facts instead of what you choose to tell.

Advice to Senior ManagementYou need to motivate personnel and make each one excited about his or her contribution to the organization. You do this and success will follow.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Genworth Financial – Why Work for Us?

The Genworth story Since writing our first policy in 1871 as The Life Insurance Company of Virginia, we've been committed to helping people effectively protect and achieve the comfort of financial security. Today, even… Full Overview

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