Genworth reviews

4.1

77% would recommend to a friend

(595 total reviews)
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Thomas McInerney

75% approve of CEO

76% positive business outlook

Genworth has an employee rating of 4.1 out of 5 stars, based on 595 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Genworth employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

595 reviews
4.0
Aug 20, 2014
Recommend
CEO approval
Business Outlook

Pros

Genworth has great benefits, people and opportunities. Employees are given the flexibility to experiment, make mistakes and work flexible schedules that accommodate their lifestyles. Genworth does a good job of tapping into talent and maximizing the potential of their employees. There is room for growth and people are genuinely trying to do the right thing. Salaries are competitive.

Cons

The physical offices are not in great shape and don't foster creativity or employee retention (Richmond and Lynchburg offices). Especially compared to local competitors such as Capital One. Many folks are still stuck in the "GE" mentality and the culture is resistant to change and new ideas at times. The company is not cutting edge when it comes to technology and ways of thinking, although we have come a ways in the past few years. Getting resource and surge support is not easy and money and resourcing allocation seems random rather than strategic. Genworth is a delivery and execution focused company--they lack strategic focus and regularly work on projects without goals, metrics, audiences, etc. Genworth is not very early career friendly, but they do offer several development and internship programs to get your foot in the door. Genworth doesn't typically terminate people for poor performance (or for "going against the grain"). It can be based on tenure and likability which is not a great business model.

3.0
Aug 11, 2014

Talent Management at Genworth

Recommend
CEO approval
Business Outlook

Pros

Due to the prior parent company, GE, you will get to meet some interesting and smart people. Additionally, the work-life balance is pretty good with 8.30 - 6pm working hours usually.

Cons

Unfortunately, the company does not reward talented individuals and is primarily focused on the 'tenure' of the employee. For example, you are doing the same exact job as another individual but you only have 5 years of professional experience versus their 15, and as a result your pay rate is significantly different. Knowing that, the company makes no effort to equalize the pay through raises or bonuses. When I left (~2010), there were very few individuals in management that I respected because they would talk about valuing their people, and then not show it through compensation or additional benefits

3.0
Jul 23, 2014
Recommend
CEO approval
Business Outlook

Pros

Most of the employees I work with a good, solid, smart and engaging. Benefits are good, one of the best paid employers in the Richmond area.

Cons

This company has been in flux since the financial crisis in 2008. Some months it feels like we are headed in the right direction, others, not so much.

Viewing 475 - 477 of 595 Reviews

Glassdoor has 1,044 Genworth reviews submitted anonymously by Genworth employees. Read employee reviews and ratings on Glassdoor to decide if Genworth is right for you.