Old Mutual Life Assurance Company
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Old Mutual Life Assurance Company Pay & Benefits reviews

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Location
South Africa1 347 reviews

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3,7Work-Life Balance
3,4Pay & Benefits

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Too many sales calls

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They offer a lot of training and a lot of support but still the targets are too high, for you to make a reasonable commission you must work late almost everyday day
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Stress

Working as Financial advisor is very challenging and and stressful. You need to be prepared. Old mutual has lots of benefits and is a great company to work for.
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Family oriented company

I enjoyed my time at old mutual there is a diverse culture, you tender to adapt as family Department I worked in is very chilled not micro managed.Have medical aild which is def a benifit they pay a portion.Salary wise after deductions you can barely survive incentives are run to push and individual

Pros

Incentives to drive

Cons

Salary not good
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Stressful and uncertainty

This is the worst job to find yourself at after you graduated. The nature of the job sucks, very demanding and long hours of work. Pay is not guaranteed.
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Productive and fun environment

Good company to work for. Great incentives with benefits when you work hard by bringing more clients. You need to achieve your target in order to get better salary
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Horrible company to work with they treated us poorly

Horrible company they take advantage don't pay commission wouldn't recommend they never pay on time, no commission no transportat allowance also no off days even on the weekend

Pros

Nothing

Cons

They don't pay commission
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Management are unprofessional

This job is extremely stressful and have daily and weekly targets. Management are very unprofessional. Threats to lose your job is a daily experience

Pros

Retirement, life and medical benefits

Cons

Extremely poor management, very high targets, giving up personal morals, no sleep
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A stressful environment to work at

Their commission structure changes from time to time. You never know how much is going to be.They prefer paying people through competitions rather than commission. Managers never wants to approve leave yet they take leave for days.

Pros

guaranteed job security

Cons

Salary is too small
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Great benefits, the company contributes to your retirement fund & medical aid.

Great company to work for with lots of room for growth. They take care of their staff offering good bonuses and benefits. Extensive training so you learn alot and training is on-going for you to perform at your best in your role.

Pros

Benefits - retirement fund, medical aid and bonuses

Cons

none
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Productive and Fund Workplace

Hard Work, Over Time and Not appreciated for your efforts from clients. Targets had to be reached in time. Applications needed to be captured before Every Friday end of business day so that your stats are reflecting the following week. Always pressure.

Pros

Commission good and Company Benefits

Cons

Long Hours
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Good place to gain experience

Old Mutual is a good place to work for but they seem not to care about contracted employees. I was informed on the day that my contract ended that it would not be renewed and I would be unemployed. They do not make staff permanent, it is easier for them to have contracted staff so they don’t have to provide employee benefits.

Pros

Good salary

Cons

No job security
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Productive challenging workplace fun and culture fit

The culture, management and colleagues are what makes working there enjoyable on a day to day basis I've been with the company for 11 years and I don't see myself leaving anytime soon this is like my 2nd home and I'm glad to make a difference

Pros

Lots of benefits especially the share allocation payouts

Cons

Target stressful especially nowadays with this pendemic
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Not so great company to work for

The company's employee policies are excellent however, they are good on paper and not in practice. Nepotism is rife. Those related or known by management seem to develop and progress. No formal inductions for some departments. Growing and developing within the business is another challenge.

Pros

Salary is paid on time.

Cons

Too much pressure. In some instances overtime is paid in vouchers.
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Comfortable place to work at

Old Mutual could be a great place if the leadership is flexible and approaching , in each business units. Career growth is largely driven by managers who are biased and not on performance of an individual. Qualifications is a none issue in most businesses and the salary is not market related, especially in the back office environment,however job security was secured during my 13 years with Old Mutual, always had great people as in team members that can actually become a family.

Pros

Constant training

Cons

Poor growth you end up being stagnant.
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Competitive workplace

The place is not bad to work at but it needs heart and percevierance. Too much work is demanded from you and you can go for months with no pay. Atleast you get medical aid and laptop with unlimited data and also get to work with diverse colleagues

Pros

Flexible hours

Cons

No pay if you don't reach targets
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Team buildings and awards

We work as big united family under one umbrellaWe always win together as one we love and respect each other.we treat everyone equal no favouritism.1 hour lunch breaks and the benefits are amazing

Pros

Team incentives

Cons

Working from 8to 5
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Pressure targets

They keep changing their promises to their employees as long as it suits them. Yet it was fun especially the year end functions and club 51 functions

Pros

Car allowance

Cons

Flexible hours in the field
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Professional development and Growth

Being part of Old Mutual family is a blessing from the start and a place of growth and development with all of benefits and connecting with great advice everyday

Pros

Bonuses

Cons

Incentive program
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improving live and homing work place

it impower positive product and satisfy everyone. it change and open people's minds and put better mindset and better outlook for positive success.

Pros

free transport

Cons

short hour
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None

If you can for Old mutual it depend how they value you then you will get good salary. You have to know someone for you to be endorsed to higher position
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It is very fun at old mutual and the staff is very friendly

I enjoyed being part of old mutual family. It is like home to me. The environment is very good and they treat people well. Old mutual is the best company I ever worked for.

Pros

We were having free launches from the mananger

Cons

The hours were very good and reasonable
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Overall rating

Based on 1 554 reviews

Ratings by category

3,7 out of 5 stars for Work/Life Balance
3,4 out of 5 stars for Salary/Benefits
3,4 out of 5 stars for Job Security/Advancement
3,5 out of 5 stars for Management
3,8 out of 5 stars for Culture