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Hanover Research Photos
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at Hanover Research full-time (More than a year)Doesn't RecommendPositive OutlookNo opinion of CEODoesn't RecommendPositive OutlookNo opinion of CEO
Hanover attracts some truly stellar, bright people who become great friends. The company is young and there is a lot of opportunity for growth and for employees to carve their own paths. Recent grads have a lot of autonomy over their work in Research and the potential to make a high salary within a few years in Sales.
The culture at Hanover is frustrating. Researchers are given 5 days to complete projects (usually long form reports) and are almost always scrambling for time. Salaries are low and there are no bonuses or overtime compensation for employees who work late in research, even though working late is often necessary to meet deadlines. The 5-day project cycle wouldn't be as difficult if researchers' daily activities were more varied; A typical work day for researchers involves working independently on the same project for most of the day and maybe attending one or two meetings. I found it difficult to complete the work within the time constraints in this setting, as it is difficult to focus on a single task for the entire work day. The research floor is literally like a library and researchers have to create opportunities for social interaction. The time pressure and independent work environment would be less problematic if Hanover paid researchers higher salaries. Research salaries are not competitive with other firms in the industry and barely cover the high cost of living in DC. As a result, I found myself frequently exhausted, working late to finish projects, and not making enough to cover basic living expenses. Needless to say, it was a highly stressful environment. Employees jokingly liken Hanover to a research factory, which is not an inaccurate description of the business model.
Advice to Management
I'd like to see Hanover make some real changes that prove they truly value their employees. Providing free snacks, a few vacation days, and having parties and happy hours are small perks, but do not truly address the sources of employees' frustration. Extending timelines to improve the quality of reports and compensating employees in proportion to the cost of projects or partnerships would be strides in the right direction. More flexibility in the business model is needed to make Hanover an enjoyable and viable long-term place to work. Hanover may benefit from adopting the model of a consulting firm to allow researchers more time, higher salaries, and ultimately better quality work. As it is now, Hanover is fine for a few years but researchers should go in with an exit plan.