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
Sep 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Not really any. You work your tail off to make upper management rich. I now work for a competitor where I can make 20k/month. They were paying me 40k annually at onemain. What a joke.

Cons

No commission, it’s considered bonuses. After producing 190k they only give 100$ which is less than 0.001% of the amount produced. I was hired as a loan specialist but was a glorified collections agent. It will be your job to professionally annoy customers to pay their bills.

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OneMain Financial Response
2y
Our compensation and benefits package are evaluated and guided by a set of company principles that are regularly reviewed. Specifically, as part of our evaluation process our pay and salary ranges are informed and adjusted based on industry standards, general pay practices, and geography. - ck
1.0
Aug 28, 2023
Recommend
CEO approval
Business Outlook

Pros

Benifits started right away. Monthly branch breakfast and lunch provided.

Cons

Company goals were not achievable for the mass majority of offices. If your branch had a good month the goals were raised higher regardless of the current market. Commission pay percentages were paid consecutively lower each year. A majority of customers struggle to pay off their loans and/or make on time payments. When they finally paid off their loan, management pushed to solicit immediately for another loan. Which greatly impacted branch revenue, collections goals, and customer relationships. Needless to say in most markets earnings commission is almost unachievable. Constantly calling the same current/former customers to solicit loans and/payments. Constant Customer feedback was OMF called too much and sent too much mail. Many customers request to be DO NOT CONTACT.

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OneMain Financial Response
2y
Thank you for your review and expressing areas you feel we have opportunity to grow. Our compensation and benefits package are evaluated and guided by a set of company principles that are regularly reviewed. Specifically, as part of our evaluation process our pay and salary ranges are informed and adjusted based on industry standards, general pay practices, and geography. We hope that your time with us prepared you for the next step in your career. - ck
5.0
Aug 26, 2023
Recommend
CEO approval
Business Outlook

Pros

Great hours Great benefits Great people Good leadership

Cons

Base Pay could be higher

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OneMain Financial Response
2y
Thank you for taking the time to leave us this 5-star review! - ck
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