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

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Location
South Africa1 263 reviews
Found 321 reviews matching the search
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5,0
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Its fun and exciting
Too much pressure and stress too

Lot to do

Great benefits
Company looks after thr employees in many ways
Target and goal driven
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2,0
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Working hours 8 till 4
Pressured to have your clients in full weekly if not you get to sign a poor performance every week

Too much admin work to be done

Pros
Petrol allowance
Cons
Salary not fair
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5,0
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I loved the benefits at Old Mutual, the company culture is great and they care about their employees in terms of their growth and development. They also have an onsite gym, mall and creche.
Pros
Employee benefits are great, competitive salaries, performance incentives, group life cover, free parking, onsite mall, creche and gym.
Cons
Specialized roles, exposure to a variety of functions can be limited.
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5,0
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Salary is too little it does not cover the expenses it does not help to uplift you, unable to pay for basic needs. You get less motivate at the end of the month pension is also growing too little. The work is okay the culture and the people you work with excellent.
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4,0
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A basic salary should be offeres for years of employment and commitment when building your practice. Cannot survive on commission only and therefor the loss of good experienced staff and replaced with young in experienced staff
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4,0
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helping clients with loan applications and policy quiries for payments and helping clients with new account applications and showing them how the cards works and benefits of the card
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4,0
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.Payment structure kept change resulting in us not getting paid at PFA.I would go back but in a different department.I loved the challenge but PFA no.
Pros
Working hours
Cons
Salary
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5,0
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Answer incoming calls, do amendments, work with brokers directly, learned that brokers always seemed to know everything, they use to the old ways, telling them about new processed in place always created problems, but I could work around that, excellent listening skills, always got great reviews/feedback from brokers, was nominated for emerald award for sales and service. was top performer in up selling products- short term insurance. I loved the wow moment of brokers and their delight when they received good service, always got good ratings. System was sometimes slow, new legislation and processes always take long to get use to, but we over came it. Utmost respect for each other's culture, respect and integrity. Salary was good, working hours was perfect, no stress, everyone did their part, team leader great to work with, always pushing you to your limits, always saw the good in others, always had a kind word.
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5,0
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*more benefits for clients
*More job opportunities
*Friendly environment

*Growth in your position

*Friendly system to use

*Easily system to apply

*More trainings
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3,0
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Old Mutual is what you would expect from a large corporation. Good management structures in place and have been for a long time. At times it may become to feel as if you're just another number and it can be tricky to work your way up to higher positions as the senior staff members have been around for a long time
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3,0
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its stressful due to the fact that you earn if you meet your target and failure to do so you result in not earning your salary which is a bit stressful because you now have to cover the transport costs and pocket money
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3,0
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you need to work your way up in order to actually really benefit. sometimes its about who you know that can get you that position you craving so badly.
Pros
bonus
Cons
not flexible with hours
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3,0
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Need to be self-driven individual
Can be stressful

Enjoyed interacting with clients (intermediaries, service consultants etc)

Great relation with Mgt
Pros
Flextime
Cons
Salary not match the skill
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2,0
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Don't do it, not a necessary place to work for, management us bad and you can go for months with no pay. The support system is not good and everyone resigns.
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1,0
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Bad pay and poor commision structure, you get overworked in branches and all management care about is their own pocket so they drive you to hit your targets but they get more commision than you....but the main problem is the salary... its horrible
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5,0
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We can support our family and be able to lwork individuals and be able to perform well. Working there as a financial advisor was the best job I ever had. I meet my target every week and every month. I get my bonuses every 3rd month. My job was challenging but I joy doing what I was doing without any push
Pros
Good salaries
Cons
Good benefits
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4,0
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It's a good company to work for, you are your own boss u decide how much u want to earn, you have to build your own client base though, it will require you to get out of your comfort zone.
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4,0
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Good company with very good benefits.
Great leadership. Has a work life balance for most departments depending on what kind of work you do. Some could departments like call centers and back office could become challenging based on workload.
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1,0
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Working at Old Mutual is the worst thing one can do... especially if you are qualified in other fields and end up working there due to lack of employment. You do all the ground work and top management gets all the fat cheques. You dont get paid some months and you still expected to perform with no basic salary or a salary at all. You are sold dreams when you go through the interview process and you only get to learn the spade work when you start working. Leaving Old Mutual mean debt follows you. They make you pay to the last training and meals they served you there. For such a big Company, it is actually treating it employees bad. All that leads to severe stress, non performance and the lowest rate of employee retention. 90% Employees resign from the 4th month normally.
Pros
Upmarket, beautuful and well maintained offices that end up empty
Cons
You have flexible working hours.
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4,0
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Challenging but secure environment. There is room for growth both personal and as an employee. Hard work- long hours and extra efforts put but with great rewards.
Pros
Career development programs
Cons
Long hours
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5,0
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I had a good working experience and you get to make you salary, receive good coaching. The thing I did not like is the fact that I had do debt collections and assisted clients with taking new loans and do the admin work while on the other hand you have to service policy clients and open banking accounts, sell car insurance, debt counseling and loan insurances. However I feel it taught me. toto be am
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