NM manages to it's ability to pay policyholder dividends. And like it or not, Schlifske and his management team are earning high marks for their navigation of the company. I worked as a Director for NM for a few years. Fine company, but I was blown... — read more
Nepotism over meritocracy
The moment nepotism overshadowed meritocracy was the moment NM started to sink. When experienced, knowledgeable people who work hard see those whose greatest talent is brown-nosing get ahead instead of them, they take their experience and knowledge... — read more
Don Robertson's Wrecking NM! Merit 1%
Don Robertson has brought up in employee town halls and other forums that Northwestern Mutual pay's for performance. What employees have seen is nothing farther from the truth regarding their merit which will average ~1-2 percent this year. What we... — read more
New CEO
There have been rumors that a CEO transition is in the works. Probably C mitchel or Aditi.
Any new rumors on layoffs?
Just checking. If anyone has any info, please share.
Where did it go wrong?
I resigned because this company is not even close to the one I started working for. The atmosphere is horrible, there is a huge lack of respect, the least valued are good and loyal employees, long-term plans for this company are behind smoke and... — read more
Yellow brick road
The party is over! They're dropping like flies
Vaccine Mandate - time to get VAX'd or lose job w/o severance pkg?
How is NM going to handle the Federal / OSHA vaccine mandate? January 4th is right around the corner. I don't think the new mandate will allow working from home as being in compliance. Anyone with a brain new this was coming when only 58% of the US... — read more
What's next after the 12/31/21 Retirements?
Retirements 'offered' for 12/31/21 in order to get health insurance in retirement are upon us. Employees are in their last weeks. Are there any concerns... — read more
Return to Campus or be Laid Off
Don Robertson has just released a new policy that you must be return to in campus by January 2022. What we are hearing from friends that work there is if you do not return your career and job will be on the line and it will be a 5 day a week pre... — read more
NM is a place dreams go to die
People will publicly take credit for your work. If you work hard and aren't part of whatever "club", just know that someone else will pass off your work as their own. I actually think this is the worst I have ever seen this behavior at NM although... — read more
Charade of flexibility is over
Below article says it all - leadership never really wanted to support flexibility and they're ready to start making a push for people to come back. So much for the talk of flexibility and a modern culture - would have been nice to skip the pretending... — read more
CEO mandatory retirement age
Schlifske is trying to change the mandatory retirement age for the CEO so he can stay on longer. Please someone stop him! He ruined NM. Lets try to get a quality leader to replace him. He is not fit to lead NM.
They don't know how to deal with slackers?
Management doesn't know how to deal with slackers. So they let them sit with their cell phones, watch videos on their computers, and romp around singing and dancing. The work has to get done. That is where you come in. They shove the work on the hard... — read more
I don’t want to be promoted anymore
When I saw which employees are being promoted, I gave up on wanting to be promoted here. I tried to bring new values and I worked very hard and I still haven’t been promoted. Now things are a little clearer to me and it would even embarrass me to... — read more
Hard work is the least appreciated
What I got as a hard worker is just more work. I don't envy people who are relaxed and stress-free here, everyone deserves such working conditions, but isn't it unfair that work is so assigned that someone is overwhelmed with work while someone else... — read more
Home office employees continue to lose benefits
NM executives praised the financial records broken in 2020. Yet this company continues to take away employee benefits and disrespect home office employees. If the company is doing so well, why was it necessary to take away the 401K match?
Sexism in Tech @ NM
Post and subsequent chat posts removed. We all know how & why that is being done. Once again proves that these sites are fairly useless.
Lost in direction or lost cause?
At first I thought that this company only lost direction for a while, but now I see that this is almost a lost cause. I understand that running a company is not as simple as it seems from a worker’s perspective, but some business moves shock me quite... — read more
Would you recommend the company?
I have a friend who asked if we were hiring because he was recently laid off. He has a family and while he is not the sole provider - he was the main source of income. While he has the experience and knowledge to be employed here, I just don’t know... — read more
Another waste of money
Why the hell would NM spend $166 million when employee benefits have been reduced? We are in an economic crisis and the company has found a way to yet again waste resources when it should be used to invest in their... — read more
Network Offices approved for PPP coronavirus bailout loans
Source: https://projects.propublica.org/coronavirus/bailouts/ Some of the Northwestern Mutual network offices approved for federally funded Paycheck Protection Program (PPP) coronavirus bailout loans include: Northwestern Mutual Financial... — read more
NYC hot tub?
Got a peek at the new New York office plans and apparently they're thinking about installing a hot tub? Our pensions are getting slashed and these startup kids need the 'necessities' just to do their 'job'? This company used to be somewhere you... — read more
Are we certain there'll be no layoffs this year?
I might be paranoid, but there were some major layoffs in our industry in the past several weeks that I'm starting to worry we might be next.
More Layoffs coming March 2021
After NM determines early retirees , another round of employees to be let go. Reductions of 10 % across all departments. If your age 40 to 55 and cant take early retirement BE PREPARED!
We Deliver Financial Security to Help Clients Live Their Best Lives
Financial security is our focus at NM. We do everything in the best interest of the policy owners. We focus our work to provide clients the ability to achieve this goal. With smart planning and discipline, you will get there. Yet many of the... — read more
More LAYOFFS 2021
More layoffs are coming in 2021. On top of the forced early retirements because NM will no longer provide retiree health benefits. Way to be loyal to long term employees NM!!
Fire Schlifske
Schlifske is ruining NM with his poor leadership. Failed with Learnvest purchase, millions spent to get knowledge of online investment company. They realized it was not helpful and a costly mistake. Most CEO would be fired for wasting millions... — read more
More layoffs 2020
The reason for mass layoffs in 2017 was due to low interest rates, so schlifske said. I imagine more coming in 2020 or 2021 if this still holds true? This coupled with people not having the money to invest in insurance should make for a interesting... — read more
What is Northstar?
Does anyone at NM even know what the Northstar is? The guy that talks and acts like he is Sean Connery mentions it all the time but I have yet to find someone that can actually tell me.
So long Karl
Finally the company and the IT department in particular can begin to move forward without the darkness of Karl looming over. NM is still similar to Boeing in the sense that they still have their 737 Max (ahem LearnVest) that they are trying to make... — read more
Reduction-in-Force / Layoff's - still receiving packages?
I have heard that they stopped giving 'packages' to employees they terminated (maybe about last September). Can anyone confirm this? I find this hard to believe since these packages come with a legal document that you cannot sue NM, speak badly... — read more
Dividend Deathspiral
https://www.insuranceandestates.com/top-10-best-dividend-paying-whole-life-insurance-companies/ Congratulations NM you now have the lowest dividend rate out of the big 10. Scroll to the chart at the bottom to see the 10 year decline and how NM... — read more
Annual Layoff Time
Welcome to November at NM - annual layoff notices. Updates anyone?
Should have kept LV
Instead, all the mouth breathers in MKE with no idea how to actually drive the company continue to make decisions that will drive this company into the ground. Schlifske has no idea what he’s doing, and they need to get this dinosaur Managing... — read more
John E. Schlifske salary $13,000,000 a year. JOKE
How much pay cut did Johnny Boy take in order to save hundreds of jobs at NM. He threw so many hard working loyal employees under the bus when he approved the mass layoff. He didn't suffer at all. Disgraceful!!!! He should be ashamed John... — read more
Culture Change
I was on the downtown NM campus yesterday. Far fewer people with grey hair as many have previously posted. I was taken aback by a women whose hair was half pink. But what really appalled me was that same woman wearing a midriff top. Really, I... — read more
Can’t force the best employees out the door and then expect the company to function a peak performance
You’d think anyone with half a brain would realize you can’t force the best employees out the door and then expect the company to function a peak performance. Schlifske and the board clearly don’t understand the importance intellectual capital within... — read more
Forced Retirement
What do you think about being forced into retirement due to ageism, signing a legal severance document & then receiving a card from Schlifske stating 'Congratulations on you Retirement'? You would think that anyone with a half a brain could see how... — read more
Dividend Predictions
Soon NM will be publicizing their dividend for the year. Guesses on how low it will be?