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
1.0
Jun 6, 2011
Recommend
CEO approval
Business Outlook

Pros

Genworth offers decent pay and fairly good benefits. It also has a respected name behind it and is HQed in Richmond, VA which is a fairly inexpensive and low stress environment in which to live.

Cons

There are major issues with upper and middle management at this company. The upper management makes many unrealistic requests and middle management very rarely has the backbone to stand up for the employees. Employees time isn't valued and working late nights and weekends is common. However, unlike a law firm or IB there are not large bonuses to follow or anything such as the route to make "partner" as this is a public corporation. I was flat out told that vacations of more than one work week were "innapropriate," so if you have family overseas be prepared not to see them. I was irritated by the fact that all of the work was run the engine and when I asked about how to differentiate myself, I was given a response roughly akin to "now is not the time to worry about that." The mentality was always that the sky was falling and no one in middle management would ever help to facilitate a few working days to actually improve a process or a forecasting model. Overall it was a very depressing place to be and while working there I felt there was no upward mobility and real ability for lateral moves to other groups where opportunities would be more fruitful. End of the day, a large portion of my group was laid off and of the 5 remaining, 3 left the company for greener pastures. I have no ill will towards the individuals, I just hope the company has changed and that all of that acts as a wake up call.

5.0
May 26, 2011
Recommend
CEO approval
Business Outlook

Pros

Build a career, not just do a job - great opportunities to advance. My manager is a great coach and mentor. Good compensation - they are competitive. I have challenging and meaningful work - I feel what I do makes a positive impact to our customers.

Cons

Decision making is slow... very risk averse company and too many decisions without a clear end approver. Lack of empowerment to make independent decisions (again, risk averse Insurance company mentality.... unfortunately the culture sometimes rewards inaction and overanalyzing)

3.0
May 19, 2011

Good employer in this environment

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lots of opportunities to move within and across functions T&C's (incl. salary) are good Good training and development opportunities Great "international" feel to the business

Cons

Poor decision making - too many committees US corporate culture is too strong - should try to establish a European culture

Viewing 556 - 558 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.