Genworth Financial Reviews

Updated 21 October 2014
Updated 21 October 2014
224 Reviews
3.3
224 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
48 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)

  • Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Amazing Place To Work!

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

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

    Pros

    This is a fun place to work. Outstanding community service opportunities. Good camaraderie. Strong leadership team. Products actually help people. Initiative is rewarded.

    Cons

    Business lines and HQ could work together more effectively. Communications within business units do not always make their way to HQ and we should think of Genworth as one team - we are not that big. Current performance management system drives competition between employees - an old school approach.

    Advice to ManagementAdvice

    Communicate what you can when you can. CEO is outstanding but if there was one development opportunity the CEO needs to be in front of the employees more frequently. Suggest monthly town halls. Continue renewed focus on diversity.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    easy

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

    I worked at Genworth Financial part-time (less than an 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
  3.  

    Great place to work...opportunities to grow and advance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Solutions Project Manager in Richmond, VA (US)
    Former Employee - IT Solutions Project Manager in Richmond, VA (US)

    I worked at Genworth Financial full-time (more than 8 years)

    Pros

    Great pay and benefits
    Work-life balance
    Opportunities to serve the community
    Leadership development opportunities

    Cons

    HQ vs. BU leadership tension often clouds strategic direction and prioritization

    Recommends
    Approves of CEO
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  5.  

    Challenging environment with a very strong focus on the financials

    • 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 10 years)

    Pros

    Bright people
    Challenging leadership - bright and analytical

    Cons

    The US locations are not necessarily hotspots

    Advice to ManagementAdvice

    Grow grow grow

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Intern

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

    I have been working at Genworth Financial as an intern (less than an year)

    Pros

    The work culture is great. Everyone in the office is very personable. The perks as an intern are a lot of fun and everyone gets jealous, which is pretty cool. You certainly are given an extensive overview of the Insurance world.

    Cons

    Not 100% busy all of the time. The growth through the company seems to take a few years to progress.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great place to work, conservative work culture and not cutting edge though

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

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

    Pros

    Standard pay and benefits
    Team culture
    Volunteer activtities

    Cons

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

    Advice to ManagementAdvice

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Making a come back

    • 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 full-time (more than 10 years)

    Pros

    Great benefits, if you are willing to learn they provide the opportunities, constantly striving to change for the better and balance business needs with customer needs.

    Cons

    Some favoritism still exists amongst employees and not all managers are on the same page yet about doing what's best for the customer.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    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 full-time (more than an year)

    Pros

    Genworth has a great team culture. I have had the opportunity to go on team lunches, volunteer all over the community, and events like BBQs. I've enjoyed the development opportunities through classroom work but also through non traditional measures and tuition reimbursement.

    Cons

    Communication across departments especially due to the distance between teams at times

    Advice to ManagementAdvice

    Follow in the footsteps of our CEO and make yourself visible and available to employees

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Recent Genworth new-hire

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

    I have been working at Genworth Financial full-time (less than an year)

    Pros

    Genworth offers an excellent on-boarding process, competitive market salary, competive benefits package, and an excellent time-off package. The recuritment process was well managed and executed. Corporate value is Integrity Fisrt at all levels, and this is seen in action... not just a slogan on a poster. Corporate culture places emphasis on inclusion, diversity, volunteerism, and opportunity for advancement.

    Cons

    Adequate parking is provided for the Lynchburg facility, although you should be willing to walk a couple blocks to work each day from the available garages.

    Advice to ManagementAdvice

    Offering Floating holidays to accommodate other non-Christian religious observances would be a nice option to support diversity. These floating holidays could be used as desired for Christmas, Easter/Good Friday, Kwanzaa, Passover, Hanukkah, etc... according to individual employee religious preferences.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Overall positive..cares about employees

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

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

    Pros

    Great flexibility, wonderful values, respect for work-life balance, great positive can do attitude is fostered.

    Cons

    Lack of skilled trained management at mid level. Personal growth is challenging unless you spend a lot of time in the home in the Raleigh office. Training Dept doesn't understand the functions well enough to offer well designed training. "Problem" employees are tolerated rather than dealt with...morale is impacted.

    Recommends
    Positive Outlook
    Approves of CEO

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