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
Mar 21, 2010
Recommend
CEO approval
Business Outlook

Pros

The Richmond campus is really nice with ample parking, a cafeteria and a gym. Depending on the group, there's a reasonable work/ life balance.

Cons

Leadership is reactive (vs. proactive), and this causes a lot of fire-drills and re-work loops, as well as negative long term impacts; I sometimes feel that the company is more lucky than well managed. The Company is not sincere about the performance process or goal setting; it's a check the box exercise. There's no succession planning, which makes it difficult to move to a new role (or causes more fire drills when people leave). The finance organization is a bit more demanding than the other functions in the Company, and they're constantly imposing unrealistic goals and timelines to get things done. Fundamental resources are lacking (in terms of IT solutions for data management), and so many processes are done through brute force; thus creating inefficiency and underemployment of the staff. Accounting and Finance don't always play well together and even the most basic functions of Accounting (like signing-off on the P&L numbers) is left to the Finance group. Accounting builds close calendars with constantly compressing time-lines, making it nearly impossible to have anything go wrong through the close (let alone trying to do analysis). As the market begins to recover, I've seen a lot of folks exiting, and I expect this to gain momentum over the remainder of the year (myself included).

4.0
Dec 21, 2009
Recommend
CEO approval
Business Outlook

Pros

Genworth offers challenging opportunities and good management support. Opportunities for training and education are plentiful. Volunteer/community involvement is encouraged. Reward structures are good. In addition, offers excellent benefits (choice time off, 401K, pension, disability, tuition reimbursement, 11 holidays).

Cons

It's easy for work to become your life if you let it. There is much segmentation across offices (Richmond, Lynchburg, Raleigh), so the culture is still in flux.

3.0
Oct 15, 2009
Recommend
CEO approval
Business Outlook

Pros

Good pay Great benefits package, particulary vacation time given Good work gets noticed - if you're positioned properly to get it!

Cons

High stress, tense atmosphere since economic downturn Hard to have any kind of work/life balance Reorg after layoffs severely damaged morale

Viewing 520 - 522 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.