Foresters Financial Reviews | Glassdoor.ca

Foresters Financial Reviews

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Found 433 reviews

3.1
StarStarStarStarStar
Rating TrendsRating Trends
44%
Recommend to a Friend
75%
Approve of CEO
Jim Boyle
18 Ratings
Pros
  • "You learn a lot but sometimes it can be difficult to keep up if you've had no prior exposure to the material(in 20 reviews)

  • "Foresters Financial has a great training program and the management team provides their support 100%(in 29 reviews)

Cons
  • "Work/Life balance could be affected if you have get a good start from the beginning(in 25 reviews)

  • "to pitch to people in the beginning, when in reality they are essentially pimping out your friends and family to try to make them clients(in 23 reviews)

More Pros and Cons
  1. "Awesome"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Claim Adjudicator in Toronto, ON
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Foresters Financial full-time for more than 9 years

    Pros

    Amazing culture, flexibility, relaxed environment, growth.

    Cons

    dated systems, dated procedures, no team building.

    Advice to Management

    Update systems

  2. "Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Foresters Financial full-time

    Pros

    Flexible, more exposure to business, small team

    Cons

    not stable management team, business goes down

    Advice to Management

    Management need to improve, how to make the company to be profitable

  3. "Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Foresters Financial full-time

    Pros

    Nice and friendly colleagues, big workspace

    Cons

    Insufficient compensation for the amount of work; inconvenient location

  4. Helpful (1)

    "Not the best, not the worst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Foresters Financial full-time

    Pros

    Open access to the office so you can work outside of regular hours to get things done.

    Cons

    People take advantage of you if you're good at what you do and your reward for working hard is picking up the slack of other people who are not working hard.

    Advice to Management

    Do a better job of recognizing and supporting the people with good performance.

  5. Helpful (2)

    "RUN AWAY"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Investment Advisor Representative in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Foresters Financial full-time for more than 6 years

    Pros

    You get to set your own schedule which means you have to work all the time. nights weekends.

    Cons

    NO benefits period. you have to work above 50 hours each week and most of the time you work for ungrateful people over the course of months for 40 to 50 hours per client and they just decide not to do business with Foresters and you don't get paid. 100% commission. They provide 0 opportunities. Regional management gets most of the pay and all they seem to do is to write emails do conference calls and basically protect...

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    Advice to Management

    pay people working for you a liveable wage and offer benefits. No person can figure out this job with a 6-month training salary that is equivalent to 8 dollars per hour. figure out how to help the advisors. You pretend to be client focused but that is not your job. Your job is to be advisor focused and let the advisors do their job of being advisor focused.

  6. "Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Foresters Financial full-time for more than a year

    Pros

    Pay and benefit are good

    Cons

    Management style is not good for junior people to join

  7. "I like workign here.....but...."

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Business Analyst in Toronto, ON
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Foresters Financial full-time for more than 6 years

    Pros

    Great people to work with, IT department generally welcome new ideas, eager for change. Business partners are co-operative but still maintain their silos.

    Cons

    Constant changes in upper management leading to paralysis of change. Also some upper management are questionable in their knowledge. Opportunities for women in the IT group is questionable - management is 90% male.

    Advice to Management

    Advocate for your employees more - your business partners don't always know our capabilities.

  8. Helpful (1)

    "product analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Product Analyst in Toronto, ON
    Recommends
    Neutral Outlook

    I worked at Foresters Financial full-time for more than 20 years

    Pros

    Overall experiance was pleasent. The company had helped me raise my family for over 27 years. Employee benefit plan was great. One could choose between individual or family coverage and pick from one of four levels of co-insurance levels. It was quite flexible. Coverage included medical, drug, dental, vision, life, accident, travel and employee family assistance (stress) plans. Most departments allowed flexible...

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    Cons

    The last few years have experienced company-wide termination of over 15 positions per year. It's a little hard to handle. Work load had been constantly increasing as a result for those who stayed behind. Unpaid overtime work became the norm.

    Advice to Management

    There is a need to modernized administrative systems by upgrading existing systems to their newest version. Customers should be able to pay premiums in any mode, such as credit cards, interac, e-transfer, eft etc. and not limited to cheque and PAC only.

  9. "Specialist"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Specialist in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Foresters Financial full-time for more than 20 years

    Pros

    Ability to gain industry knowledge

    Cons

    High management turnover and limited opportunities for advancement due to continuous personnel changes

  10. Helpful (8)

    "Biggest mistake of my career"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Foresters Financial full-time

    Pros

    You will learn a ton...about how deeply dysfunctional an organization can be - like a case study in how a poorly governed enterprise can completely atrophy over the years

    Cons

    Where to begin? How about: -Incompetence starts at the top with the Board and cascades down, meaning that out of the gate, the odds are against new management team solving the myriad of Foresters' intractable issues -Several weak/inept members of executive team -Varying levels of talent across the organization - it's tough to attract good talent when a company is this dysfunctional -Lack of integrity at times, with...

    Show More

    Advice to Management

    You owe it to your members and employees to get your act together - seriously!

Found 433 reviews