Genworth Financial Reviews

Updated 15 April 2015
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3.2
261 Reviews
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Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
69 Ratings

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 Pros and Cons

Employee Reviews

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  1. Helpful (1)

    Sales Specialist

    • 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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great salary, employee benefits, community focused

    Cons

    Currently limited opportunities for growth

  2. Helpful (1)

    Team Lead

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Genworth Financial

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Enjoyed working there. Great people. Some opportunity for advancement. very low turnover. Put emphasis on employee training and development.

    Cons

    While there are some opportunities for advancement, the opportunities are limited. It is like everywhere else...the company wants to do more with less.

    Advice to Management

    Continue to invest in your employees and remind them that they are appreciated. Promote from within more so than looking externally.

  3. Helpful (1)

    Great camaraderie and rewarding work!

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

    I have been working at Genworth Financial full-time (more than 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    smart people with a strong sense of purpose. Good environment to learn on the job with the autonomy to stretch beyond your scope and make an impact.

    Cons

    Currently working through some business challenges, though opportunity to pivot and capitalize is real with a sound well executed strategy.

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  5. An Adventure Worth Your While

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Richmond, VA (US)
    Current Employee - Anonymous Employee in Richmond, VA (US)

    I have been working at Genworth Financial full-time (more than 8 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    I have had some incredibly rewarding experiences during my 8 years here at Genworth. I have met and worked with some of the most talented people over the years, and some of which I consider life-long friends. Genworth is a great place to learn, grow, and develop professionally. Although we are currently facing some challenges, Genworth has been a great part of my life. If your passionate and invested in your career, any opportunity can be rewarding despite uncertainty.

    Cons

    Lots of variability and uncertain times but the writing is on the wall.

    Advice to Management

    Genworth is learning from it's past mistakes, let's learn, adapt and not carry them into the future.

  6. Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Richmond, VA (US)
    Current Employee - Anonymous Employee in Richmond, VA (US)

    I have been working at Genworth Financial

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great team members, you work with some very smart people who push you to try new things
    Lots of ways to get involved in the community and with people outside your specific team
    Focus on wellness

    Cons

    Always changing environment. Need to be adaptable
    Buildings are old and need updates

    Advice to Management

    Push down decisions to lower levels

  7. Genworth was a very good company to work for. I was a claims services specialist who processed claims for long term car

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Processor in San Rafael, CA (US)
    Former Employee - Claims Processor in San Rafael, CA (US)

    I worked at Genworth Financial (more than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great group of people to work with, great benefits and room to grow with the company.

    Cons

    They were very strict with call monitoring and too much micromanaging.

    Advice to Management

    Create a more nurturing work environment and give employees "more pats on the back" for exceptional work ethics.

  8. Top down bullying

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    It is a good job If you have a good direct manager and team.

    Cons

    horrible leadership, bullying , no clear goals, unorganized, disconnected teams

  9. Change MUST happen soon!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Analyst in Richmond, VA (US)
    Current Employee - Marketing Analyst in Richmond, VA (US)

    I have been working at Genworth Financial full-time (more than 10 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Flexible work hours, great teammates, good benefits, good pay. New CEO is doing a great job, but has resistance from other leaders.

    Cons

    Lack of advancement opportunities, too many decision makers, uncertain future

    Advice to Management

    It's another 2009 crisis. Senior management needs to figure it our quickly.

  10. Nice company to work for.

    • 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

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    The people are generally friendly and professional. Fewer issues with politics than at other companies I've worked for in the past.

    Cons

    Work-life balance though encouraged typically crumbles under whatever business need is present.

    Advice to Management

    Stability, stability, stability...hard to keep good people when they are wondering if they always need to be looking for the next job. Layoffs and rumors of layoffs have been ever present since 2007.

  11. Genworth Review

    • 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 (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Excellent pay for IT professionals; committed to community involvement projects and charities

    Cons

    No career development or chance for promotion; low pay outside of headquarter functions; difficult work/life balance (long hours)

    Advice to Management

    Set clear career paths; develop people to be the future leaders- look for talent internally

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