OneMain Financial reviews

3.0

43% would recommend to a friend

(1,006 total reviews)

Doug Shulman

51% approve of CEO

47% positive business outlook

Reviews by job title

1K reviews

Reviews about "Compensation"

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1.0
Jan 10, 2022

It was ok

Recommend
CEO approval
Business Outlook

Pros

Time off is good, most of the people who work there are great

Cons

Bonus’ being taken away when your account get past due. Calling people who have no money to give you their last dollar

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OneMain Financial Response
4y
Thank you for sharing your experience. The variable incentive program is monitored on a regular basis and adjusted as needed. Your feedback helps us determine future improvements. -AS
1.0
Jan 8, 2022
Recommend
CEO approval
Business Outlook

Pros

Ability to earn bonuses monthly IF you put in the work. Company will pay for insurance licensing that you can go elsewhere with.

Cons

Horrible with raises/salary increases (never offered cost of living increase in 10 years),employee appreciation has halted all together, growing a company is one thing but leaving your employees out to dry is another. Branches/districts do not work as a team any longer. I used to be so happy at Onemain for YEARS.. now unfortunately I'm going to look elsewhere. Sadly, also 95% of my long time coworkers (10+ years of service w the company) have done the same!

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OneMain Financial Response
4y
We value long-term team members and their dedication to OneMain. Our goal is to provide a positive work experience and ensure our compensation and benefits package are adjusted on a yearly basis to support our team members . We’d like to learn more about your concerns and situation. Please reach out to your HR Business Partner or provide additional details to hrsocialmedia@omf.com. -AS
2.0
Jan 8, 2022
Recommend
CEO approval
Business Outlook

Pros

Great small office environment, stability.

Cons

Refuses to grow with the times for employees. We have continued to work in the office despite covid. No raise since 2016. Medical insurance costs increase yearly. No way to get promoted unless you have your life insurance license (even though we are a loan company not a life insurance company). Sales goals continue to go up every year making it increasingly hard to hit target so you can get a small bonus. Delinquency targets are hard to hit with no tools to help customers other than a deferment for which they have to pay half of payment for. They don’t want anyone working from home even though we close majority of loans online now. Work life balance is awful. I’ve been here over 10 years now and decided it’s now time to pursue other companies that are more conducive to work life balance needed with good raises given yearly and affordable health insurance.

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OneMain Financial Response
4y
We remain committed to serving our customers. Throughout COVID we adjusted our business process to better serve our customers while prioritizing the safety and health of our team members. For example, we now provide the opportunity for our customers to close on their loans digitally and monitor their account via our mobile app. We also instituted safety measures for in-person branch visits. Additionally, we monitor our sales goals and have adjusted as needed. We encourage you to have an open conversation regarding any concerns with their managers or HR Business Partner. You can also share details at hrsocialmedia@omf.com -AS
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