Genworth reviews

4.1

77% would recommend to a friend

(595 total reviews)
avatar

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
5.0
Mar 11, 2012
Recommend
CEO approval
Business Outlook

Pros

Good pay, good community involvement, overall great company to work for!! Casual environment, awesome benefits and pension package, decent bonuses, nice business campus, very smart group of people!!!

Cons

Accounting department work life balance.

2.0
Feb 6, 2012
Recommend
CEO approval
Business Outlook

Pros

There is a strong culture of encouraging advancement and growth. There are always training opportunities to take advantage of, and the education allowance can make getting additional education possible (though it's through reimbursement, so it's not as simple as "free school"). Beyond that, management at every level, and especially at the higher levels, genuinely cares about the employees. The company also does a lot for the community through sponsoring events, charity drives, and encouraging employee volunteer work.

Cons

However, and this is a huge however, if you start out in any sort of lower level, then while you CAN move up (and can do so fairly rapidly), your salary will never match market rates because of the caps they place on raises and promotions. Salary increases, even for top performers, are capped at very low levels, and salary increases with promotions are based off of previous salary, not market rates.

3.0
Feb 1, 2012

A good place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The company offers competitive compensation package and very good benefit including complementary Long Term Care insurance and pension. Typical working hours with good work and life balance. Employees are encouraged to take training. The education support program is excellent, up to $15,000 per year for eligible degree.

Cons

The company is not tier one insurance company, therefore, it is challenging to compete with other top tiers competitors. The employees are friendly, but not necessarily competitive or driven by excellence. Performance review was not very helpful in providing feedback or recognize top performers. People who are young and want to grow rapidly may find the company not exciting to work in.

Viewing 544 - 546 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.