Old Mutual Life Assurance Company
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Old Mutual Life Assurance Company Employee Reviews

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Location
South Africa1 346 reviews

Ratings by category

3,7Work-Life Balance

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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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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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Poor remuneration structure and horrible management

The remuneration structure is beyond pathetic and will leave you without money for many months. Targets rise and eventually become unattainable. Rules will be changed at a whim, even if they will negatively affect your pay. Company will also refuse to pay at every opportunity they get. Managers are under pressure to meet their own targets and will at times push you to resign for their own benefit. I would not recommend this company to anyone who cherishes their mental health

Pros

Medical aid training

Cons

Pathetic remuneration structure Poor management unpaid in certain months
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fast paced and stresfull place to work

fast paced, management sucks, communication with management hard, witch-hunt mentality of managers to staff, maybe i was just in the wrong department with an incompetent manager

Pros

incentives

Cons

too much admin
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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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There is growth

The working environment was positive in a sense the place had a great ambience,we always had early bird meetings to kickstart the day. During my time working at oldmutual my team was the best around South Africa several times. I was a 51 club member aswell

Pros

Laptop with free WiFi, training and workshop

Cons

Petrol allowance
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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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The work environment is good, however quite competitive

Working at Old mutual was a good experience, however the manner in which I had to leave work due to retrenched was distasteful. I was forced to sign resignation.

Pros

Working at your own time.

Cons

High targets
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Perfect balance of work and fun

Loved working at OM. Would go back any day. I was able to work reduced hours after my first child was born which was a huge plus.I felt valued and my hard work was recognised.People were all kind and friendly.

Pros

Great gifts

Cons

Interview was difficult
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It was very exciting I had a chance to meet new people every day interact with them while getting to know and taking care of the clients needs

Honesty, integrity, pushing beyond boundaries and respect these are the most important values of old Mutual by simply adhering to the above mentioned

Pros

Enjoyed our free lunches when our targets are being achieved

Cons

Normal hours
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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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Stressful work place

Management treats consultants with disrespect, always threaten to dismiss them if you're struggling with your duties. It's every man for himself......

Pros

Free lunches once you've reached your target

Cons

No overtime paid
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Productive and very professional

Old Mutual Finance is a good and professional environment to work for, the culture of this company is very good and easy to work with. The employees and guides are friendly and fair and leave the OMF values

Pros

Free lunch vouchers

Cons

Working Saturdays
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Process driven, competitive and regulations.

Competitive, process driven, accountability, work life balance, flexibility , fun culture very driven by results, people management and willing to develop careers

Pros

Time off, recognition programmes, learning and development, career growth

Cons

Stressful, competitive
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Growth with in the businesses and opportunities

Old mutual is a great company to work for given an opportunity would love to go back and work for this company they are always willing to help to change people's life for the better old mutual you rock.

Pros

You fly to cape town for every reward obtained

Cons

Long hours to reach ur target
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Productive and motivated

It's a challenging job but one can manage, professional and productive, learning skills and processes, good working environment, fun and exciting experience
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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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Overall rating

Based on 1 553 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
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