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Transamerica

Part of Aegon

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Transamerica reviews

3.6

64% would recommend to a friend

(1,944 total reviews)

Will Fuller

76% approve of CEO

61% positive business outlook

Transamerica has an employee rating of 3.6 out of 5 stars, based on 1,944 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Transamerica 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

2K reviews
2.0
Jun 11, 2014

Da Good, da bad, and da fugly

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great ability to pursue opportunities horizontally and semi-vertical (marginal). Openness to ideas and innovation at the departmental and business unit (for some). Many employees are very friendly and all around good people, as well as willing to help and collaborate on both a formal and informal basis. Customer service and essential but less technical positions have exceptional training, not sure about mentoring.

Cons

Management seems to generally be more concerned with politics and accomplishing personal agendas than holistic and evidence based decision making. Departments and business units are silo'd and work independently irregardless of the fact that synergies and collaboration could be exponentially beneficial to productivity; creation of EBS should have improved this, may still occur in future. Training and mentoring for new hires and people wanting to plan/advance their career is almost non-existent for severely technical positions. Innovative ideas that span the breadth of the company and could save enormous dollars are almost completely ignored due to the priority given to maintaining the status quo and empowering managerial stances/views as they pursue their own personal agendas; want to be innovative stick to your team/unit/department.

1.0
Apr 4, 2014
Recommend
CEO approval
Business Outlook

Pros

The North American rebranding process that Mark Mullen put in place 3 years ago has proven to be a success: customers have enjoyed the renewed engagement with a trusted brand. Sales and revenue have increased across the board at nearly every division/company operating under the Trans heading

Cons

Unfortunately, the above mentioned rebranding has come at a significant cost. The first and most obvious is the cost paid: $30+ million to an outside advertising firm to "Transform Tomorrow" for AEGON, becoming Transamerica in all N. American units. That was just the amount paid to build the initial campaign. On-going advertising costs continue. The PRIMARY cost has been born on the backs of the employees. Be wary if considering employment here. This is an INSURANCE company. They have shed non-core businesses like crazy over the past 3 years, literally reducing their N. American work force by more than 10%. Just two weeks ago the latest round of eliminations was announced from the St Petersburg location: 70 more jobs removed within the next year, all from the mutual fund unit. This latest is but one of many reductions the company continues to enjoy. The problem that faces the existing workforce is that these continuous cuts are happening while business is booming! All of the perpetually increasing workload simply gets shifted to remaining employees. The broker/dealer unit has gone through this twice in the past 5 years as well. Business is better than ever yet there is less staff to handle it all.

2.0
Mar 9, 2014

Used to be a great place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Gym, Cafeteria , Good retirement benefits ( though not as good as they used to be). Good mix of products. Potential good opportunities if you are willing to move.

Cons

Be careful about taking a job here, especially in Accounting, Finance or IT. The company is in the initial phases of a multi-year restructuring. Many jobs are going to outsourced or moved to another location internally.

Viewing 133 - 135 of 1,944 Reviews

Glassdoor has 2,232 Transamerica reviews submitted anonymously by Transamerica employees. Read employee reviews and ratings on Glassdoor to decide if Transamerica is right for you.