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19 days ago

Pension Outsourcing Project Director

Towers Watson Boston, MA

For more than 30 years, we have been providing high-quality benefits administration outsourcing services for many of the world’s largest and most… Towers Watson


30+ days ago

Pension Benefits Analyst I

Towers Watson Denver, CO

In this role you will perform recurring plan administration services and work assignments for clients’ defined benefit plans under the supervision of… Towers Watson


30+ days ago

Health and Group Benefits Senior Analyst (Seattle FY15 Grad Univ)

Towers Watson Seattle, WA

Our Health and Group Benefits business helps large and mid-size clients control soaring health and welfare plan costs, improve health outcomes and… Towers Watson


30+ days ago

Health and Group Benefits Analyst (Houston FY15 Univ)

Towers Watson Houston, TX

As a Health and Group Benefits Analyst, you will work beside some of the industry’s top consultants while you progress toward becoming a thought… Towers Watson


5 days ago

National Processing Center Data Analyst

Towers Watson Memphis, TN

Client teams within Towers Watson are supported by a network of five actuarial service centers across North America. At the National Processing… Towers Watson


30+ days ago

Project Manager - Survey Content Development Associate

Towers Watson White Plains, NY

s, enhance existing products or create new ones. The Role • Facilitate and monitor annual product enhancement process and finalize Participant… Towers Watson


30+ days ago

Health and Group Benefits Senior Analyst - SFO

Towers Watson San Francisco, CA

Our Health and Group Benefits business helps large and mid-size clients control soaring health and welfare plan costs, improve health outcomes and… Towers Watson


30+ days ago

(Junior) Consultant HR Service Delivery (m/w)

Towers Watson Frankfort, IL

Unsere Beratung vereint tiefes Verständnis von Geschäftsmodellen und Märkten, vielfältige themenspezifische Studien und Forschung, leistungsfähige… Towers Watson


30+ days ago

International Senior Actuarial Analyst

Towers Watson Detroit, MI

Operating in the global market place means multinational companies face a variety of different business, cultural, language and regulatory… Towers Watson


30+ days ago

Health and Group Benefits Analyst (Atlanta FY15 Univ)

Towers Watson Atlanta, GA

As a Health and Group Benefits Analyst, you will work beside some of the industry’s top consultants while you progress toward becoming a thought… Towers Watson


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  • 5 people found this helpful

    Pension Analyst/Administrator - Pension Administration Group (PAG)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pension Analyst in Philadelphia, PA
    Current Employee - Pension Analyst in Philadelphia, PA

    I have been working at Towers Watson

    Pros

    Easy to get hired (most locations now focus on new hires who start as temps for 6 months or a year, which is great if you do not have experience, or they only hire those with a lot of experience in a rival company). The company is very flexible - you get 15 days of PTO from your date of hire and as long as you get your work done ahead of time, you can take them as needed. Also, the company recently changed their dress-code policy from business casual to allow you to wear jeans everyday if you wish (still under the business casual umbrella, though - clients do visit the offices and you should look put together). Also, working from home has not been an issue when I've needed to, but the company still likes you to be in the office on a regular basis.

    Cons

    Salary is much lower than the industry standard and negotiation of salary or requests for a raise are generally met with a "Nope". If you are a good, smart, hard-working employee, you generally get taken advantage of in terms of having to do a majority of the workload on teams, however, if you speak up about being overworked it's generally remedied pretty quickly. There is a billable hours requirement (which is standard for a majority of corporations), however, it is unattainable. For the lower level employees you are expected to have 1600 hours of BILLABLE time per fiscal year (ie., time the company can bill to a client for work you've done - if you don't have anything to do, you don't get billable hours). If you do the math on that 1600 hour goal, you need to get 6.7 hours of billable work per day MINIMUM, every single day of the week, WITHOUT taking account for holidays or PTO (or slow-periods within the company where your workload may be at a minimum, to no fault of the employee). In a nutshell, it is not an attainable goal for most people. Additionally, your billable hours goal is worth 70% of your yearly assessment and therefore greatly affects your promotion and salary increase possibilities. There is not a clear path of advancement and you are generally oblivious to what other departments do within the company (and therefore, you are not aware of the opportunities they may present to you). Finally, if you move voluntarily while employed for Towers Watson, do NOT expect a Cost of Living Adjustment to your salary.... even if you ask for it. The response will be "we didn't ask for you to move, you're not worth that to us".

    Advice to ManagementAdvice

    The CEO has been traveling all around the country for the last year (and will continue to do so in 2015) to introduce himself and "see what the people think" - the reality is that he gets to travel the country on the company's dime (including the travel expenses, meals, hotels, etc.) to pop into an office or two for a couple of hours where the employees aren't going to speak up about anything because nobody knows him on a day-to-day basis. I'm not saying that he is a bad guy in any way (I've never met the man), but this exercise is wasteful and futile. Reallocate those travel funds to pay your employees what they deserve - I guarantee your turn-over rate will decrease.

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