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
2.0
Jun 27, 2014
Recommend
CEO approval
Business Outlook

Pros

Some vestige of former prestige remains. This was a company that fought above its weight class and could be the turnaround story of the decade. Some flexibility in certain roles. Some areas and departments have managers that care deeply about their team.

Cons

This has been a fragmented and confused businesses since mid-2006. Once the wheels came off the bus with the recession, things got bad. While this was true across the industry it was especially bad for Genworth as the company was exposed to financial services in wealth management and insurance/risk products; as well, they had significant exposure in housing. A real double whammy. As the business began to recover, a senior leader was brought that inevitably has caused significant harm to part of the insurance business. Definitively, he lied to associates and national clients. He "moved on" a few months after things went very bad -- you can connect the dots. While I hope things get fixed, we currently have people running parts of the business with little to no experience - real amateurs. Several long term leaders that were trusted and liked were run out of the business in the last 2 years. There is no trust with much of the functional front line leadership.

1.0
May 29, 2014

The ultimate shark tank

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Competitive pay and personal time allowed (at least on paper but don't expect to actually get the time).

Cons

Competency is not rewarded. Don't expect to advance based on performance. You need to get in with the right people. Also you need to "drink the cool aid" and never express opinions that contradict those of the senior staff. In other words, you need to be a "yes man" to have any chance of advancing in this environment.

4.0
Oct 6, 2013
Recommend
CEO approval
Business Outlook

Pros

Community involvement, Good salary, retirement, benefits, industry knowledge, work life balance in most departments, cafeteria, fitness center, network forums, sport teams, technology up to par. The company has a lot of departments that you can work in and if you apply yourself, network, and make a good name for yourself you could really transition to others roles and really grow.

Cons

Working in the accounting and reporting department required a lot a of hours and the beginning there was no work life balance. You could easily work 70hrs per week during annual close and it was expected. The controller of the department had favorites and could be really nasty when under a lot of pressure. Most of the members of the team were intimidated by the controller, even the managers. Some days you don't know what mood you would find that person in. Also, there were managers of the department who are micro managers. Meaning if a task is due by the EOD, they would come by your desk 5 times during the day for a status update and ask what you are working on which was really stressful and annoying, especially when you have multiple tasks due the same day. But of course that sort of micro managing starts at the top and trickles down to the analyst which made the morale really low within department.

Viewing 16 - 18 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.