OneMain Financial reviews

3.0

43% would recommend to a friend

(1,007 total reviews)

Doug Shulman

51% approve of CEO

47% positive business outlook

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1K reviews

Reviews about "Compensation"

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5.0
Apr 11, 2014
Recommend
CEO approval
Business Outlook

Pros

Great coworkers and management, great opportunity to climb the corporate ladder, no limit to the amount you're able to bonus every quarter, very competitive pay and benefits, establishing relationships with repeat customers, gaining tons of knowledge on credit and interest rates on the market.

Cons

Only 5 major holidays off, no black friday days off, not much opportunity for overtime, selling loans at high interest rates, collection/delinquency procedures a bit extreme, depending what branch you're working in some coworkers don't play by the book.

2.0
Mar 8, 2014
Recommend
CEO approval
Business Outlook

Pros

Good benefits- that's pretty much the only reason why I'm staying with the company

Cons

Extremely low pay- when I was first hired, the HR specialist was so excited to advise me they offer "excellent monthly and quarterly bonuses!!!". Well...monthly goals are set so high that it's nearly impossible to reach them. Even after I met them, my bonus came to be $14 after taxes! Very repetitive- each day can be the same routine again and again. Every day, first thing you hear is "make sure you get on those calls!" I don't know about you, but if I was a customer, I wouldn't want to get a call at 8:30 in the morning asking if I need more money. No focus on "what's best for the customer". It's just "upsell them & get those insurances!" Management lacks leadership skills and changes their ideas/standards a lot. One month you'll have to keep a list of past due accounts you've collected. After month's end, they decided they "didn't need it". Well, thanks for wasting my time. Next month, we'll have to try something else that isn't going to work. Poor training- 2 weeks of training in a different office, watching what they do, and reading the online manual just doesn't cut it. Too much pressure to sell the insurances. It's not that I don't have "enough experience" in sales (after working over 7 years in it), it's the fact that the insurances can add up to $90 on your monthly payment, so if I was the customer, I wouldn't take them either. Very few opportunities for advancement.

3.0
Mar 7, 2014

A good company gone bad

Recommend
CEO approval
Business Outlook

Pros

Good pay Good benefits Good bonus structure

Cons

This company used to be the top of the heap, but now that they're on the market to the highest bidder it's every man for himself. The middle management is worried about their numbers looking good for whoever their new bosses may be that the work environment has gone from first class to hostile. Suddenly previously valued employees are being whipped like slaves and many are jumping ship at the first reasonable offer. So sad to see a company like this on its knees.

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