Marsh & McLennan Companies Reviews

Updated February 27, 2015
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3.0
93 Reviews
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Daniel S. Glaser
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93 Employee Reviews

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  1. Low staff morale

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies

    Pros

    - Great staff and lots of intelligent people to work with
    - Large company with excellent global resources
    - Strategic and sophisticated client service methodology
    - Excellent and challenging clients

    Cons

    - No recognition given to top performing employees
    - Senior management with fat pay checks while lower level employees are run to the ground and extremely underpaid
    - Company is all about the clients at the expense of staff well being and morale
     - Salary review process a joke. Constant internal memos about year on year double digit growth while non-management staff who really deliver the services to clients receive salary adjustments lower than inflation
    - too much unnecessary bureaucracy
    - CEO gets a lot of kudos from shareholders for cutting costs while staff are burnt out due to ridiculous work load and lack of support staff
    - low employee morale
    - everything has to be approved by New York

    Advice to ManagementAdvice

    Invest back in the business or you will lose your top performers which in turn will cost you a hell of a lot more than just recognising and doing the right thing by your staff

    Neutral Outlook
  2. Raises are consistently 0% to 2% a year.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriting Management
    Current Employee - Underwriting Management

    I have been working at Marsh & McLennan Companies

    Pros

    The purpose of my review is mostly to focus on salary increases at Marsh. I will preface my comments by saying that I enjoy my job, mostly because of the people I work with. I've also been given opportunities to advance in the company, which has made it worth my while to stay here. Marsh employees will know that meeting expectations is associated with obtaining a "3" performance rating at the end of year review. In my time working for a subsidiary of this company, I have rated between 3 and 5, regularly meeting and exceeding expectations. In any given year, the highest salary increase I've had was 2%, and in every instance, was well below the national average. Although it is possible to start off with a salary that is competitive at Marsh, over time, one is at a disadvantage salary-wise.

    Cons

    To reiterate, salaries can be competitive and opportunities available if you with hard. However, salary increases tend to be very small year to year.

    Neutral Outlook
    No opinion of CEO
  3. Not good, not bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst
    Current Employee - Analyst

    I have been working at Marsh & McLennan Companies

    Pros

    Mercer employees are very smart and motivated

    Cons

    There is no work life balance.

    Advice to ManagementAdvice

    Turn over is very high - take that seriously.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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  5. 1 person found this helpful

    A challenging environment where Creativity & Innovation is not embraced

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Marsh & McLennan Companies full-time

    Pros

    The compensation and benefits are very attractive, but only if you get into a management role.

    Cons

    Resources are often over overloaded. Projects delivery dates are often backed into a date that management wants to achieve without fully rationalizing and evaluating the real effort needed to get the project completed properly.

    Advice to ManagementAdvice

    Taking the time to fully understand and estimate the effort for a given project is key to its success. Cutting corners, reducing scope, and skipping valuable steps all leads to the delivery of a subpar performing product or solution. Taking the time to do things the right way from the beginning will greatly reduce the amount of time and effort needed for support and maintenance going forward.

    Recommends
    Positive Outlook
    No opinion of CEO
  6. 2 people found this helpful

    Good people to work with, but salaries and contributions are not always commensurate with skill set or raises

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Louisville, KY
    Current Employee - Assistant Vice President in Louisville, KY

    I have been working at Marsh & McLennan Companies full-time (more than 3 years)

    Pros

    Excellent health benefits and the company is diverse.

    Cons

    Not a lot of room for growth.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful

    Work-Life balance is Non-Existent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies full-time (more than 3 years)

    Pros

    When I first started it was great, corporate setting with a family like atmosphere. A lot of training and room to move up. Positive feedback and wonderful incentives.

    Cons

    Things within the last two years have changed. Next to no training, sink or swim mentality. It has become money driven and the employee turn over rate is at its highest.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. Feedback

    Former Employee - Software Developer in Hoboken, NJ
    Former Employee - Software Developer in Hoboken, NJ

    I worked at Marsh & McLennan Companies full-time (more than a year)

    Pros

    Big organization nice pay and people are ok

    Cons

    No planning and people blame you for the mistakes

    Advice to ManagementAdvice

    need to bring some good people

  9. Ok place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Marsh & McLennan Companies (more than 3 years)

    Pros

    Company offered opportunity and benefits were ok

    Cons

    Company had little regard for they employees, did not value loyalty or hard work.

    Advice to ManagementAdvice

    Cookie cutter doesn't always work.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful

    Disappointed. Talent Acquisition team doesn't interact with staff so they really don't know what talent is in house.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Marsh & McLennan Companies as a contractor (less than a year)

    Pros

    Nice cafeteria, some very nice staff members who seem to be in a rut since there is no career advancement.

    Cons

    Talent Acquisition team or what other worlds might call HR do not interact with staff and when you engage them regarding your career aspirations or looking for another opportunity to work somewhere else with the organization they are a bunch of robots and tell you to look at the website. There is no interaction with people via verbal communications with this area.

    Advice to ManagementAdvice

    Stop outsourcing. Interaction with employees and temps. Engaging your staff with human contact would be nice. Talent Acquisition Team needs to be overhauled, they don't follow thru at all.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. Working for Marsh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies

    Pros

    Very large company with great benefits. Top insurance brokerage firm.

    Cons

    Many changes going on within the company.

    Advice to ManagementAdvice

    If you are in sales you are valued! If not, the promotions and raises are minimum for the other roles.

    Recommends
    Positive Outlook
    No opinion of CEO

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