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
2.0
Nov 30, 2013
Recommend
CEO approval
Business Outlook

Pros

Very good exam support for Actuarial students, on paper, and generous exam raises. Friendly, competent employees at the non-manager level. Generally a polite, respectful culture.

Cons

Management is in continual turmoil. In the last three years, two CEOs (and an interim), two division CEOs for insurance (and the position is currently vacant), and it gets worse further down. Two decades of mismanagement and aggressive book-keeping means that every quarter is a scramble.

2.0
Nov 19, 2013
Recommend
CEO approval
Business Outlook

Pros

Great benefits with generous time off. Salary is competitive and appropriate for the amount of work output. Plenty of "cheerleading" activities attempting to improve employee morale in an environment where the threat of termination is constant and pervasive. Layoffs come in massive waves, so if you survive a round of layoffs, you can be pretty sure of being employed for the next 9 - 12 months.

Cons

From a general perspective and an IT perspective, the company is constantly re-inventing the wheel. Motto of Genworth, "If it ain't broke, BREAK it!". Not a lot of job security. If you work at Genworth with the understanding "nobody put a gun to your head to force you to work there", then you'll be fine (my approach for 8 years). If you work there with the expectation your hard work over and above that which is expected will be recognized or get you somewhere, you're at the wrong company. Massive layoffs come regularly every 9 – 12 months. Management regularly fires persons in critical roles (totally oblivious to the responsibilities of that person) and then spends triple the amount of money on contractors replacing that fired individual. Thinking of making a career at Genworth? I’ve worked with 4 individuals personally with 25 - 40+ years of service. I’ve seen those 4 persons given pink slips and walked out the door. For the most part, coworkers are pleasant but the atmosphere is filled with constant angst over always impending layoffs. Despite my seemingly negative comments, Genworth is really not too bad of a place to work as long as you maintain the attitude you could be let go at any minute and you don’t set your expectations within the company too high. I learned a lot professionally at Genworth which made finding my next job after Genworth easy.

3.0
Oct 22, 2013
Recommend
CEO approval
Business Outlook

Pros

great place to work if you are a yes person.

Cons

Supervisors do not have to be accountable, employees do. Expect just a paycheck for staying current on your work. while those that are behind get to work overtime.

Viewing 496 - 498 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.