Buck Consultants

www.buckconsultants.com

Buck Consultants Reviews

Updated January 22, 2015
Updated January 22, 2015
69 Reviews
3.1
69 Reviews
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Buck Consultants President Fraser Smart
Fraser Smart
7 Ratings

Review Highlights

Pros
  • great staff, flexible work arrangements (in 6 reviews)

  • Great flexablity, work/life balance (in 5 reviews)


Cons
  • The major downside is that the parent company does not want to run Buck as an HR consultancy (in 6 reviews)

  • Pay and benefits could be better (in 3 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    Getting there but still a ways to go

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Principal in Secaucus, NJ
    Current Employee - Principal in Secaucus, NJ

    I have been working at Buck Consultants full-time (more than 5 years)

    Pros

    high freedom to act; on the upswing, willingness to push thought leadership agenda

    Cons

    struggling with Buck's parents; inability to make a sufficient commitment to investing in new businesses

    Advice to ManagementAdvice

    more aggressively grow the business, via strategic acquisition both because it will give us more strength as players in the Xerox portfolio of businesses, and also because parts of Buck are likely the seeds of important connectors between the legacy xerox business and the services

    Recommends
    Neutral Outlook
  2. 1 person found this helpful  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Consultant in Atlanta, GA
    Current Employee - Senior Consultant in Atlanta, GA

    I have been working at Buck Consultants full-time

    Pros

    Family-friendly environment where the employees care about one-another.

    Cons

    Difficult to advance without exams

    Advice to ManagementAdvice

    Better advancements from within Buck as opposed to needing to leave and come back to Buck for appreciation.

    Recommends
    Neutral Outlook
  3. 2 people found this helpful  

    Lots of flexibility in terms of providing employees the work life balance they need

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Buck Consultants

    Pros

    Team culture is quite strong, options to work remotely if preferred. People are recognized for their hard work and promoted quickly as they are ready to move to the next level. Managers are great and provide learning opportunities to junior folks where possible.

    Cons

    Pay and benefits less than desirable. Compared to industry, salary is lower at Buck. Bonuses are paid once a year and in recent years, bonuses have been pretty bad. Dynamic with parent company is challenging but has improved over the years.

    Advice to ManagementAdvice

    Alot of people are leaving the company because of being underpaid. There should be a periodic review of employee compensation by level/function to determine what the right level of pay should be.

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  5. 3 people found this helpful  

    Decent Hours, nice people, awful raises

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Associate in San Francisco, CA
    Former Employee - Senior Associate in San Francisco, CA

    I worked at Buck Consultants

    Pros

    My coworkers were friendly. Feedback was relatively encouraged. I rarely had to work past 6 or 7. My boss was great and I learned useful skills

    Cons

    Though my starting salary was decent, raises were abysmal. The only way to get a decent a raise at Buck is to get a counter offer and even then it's tricky. Buck has struggled in recent years. It's a declining company in a declining industry (defined benefits). My bonus for outperformance was 5% of salary, not much incentive.

    Advice to ManagementAdvice

    If you would like to retain talented individuals invest in them a bit more. The work life balance is nice but those who work hard for the company and outperform need to be given bigger raises and bonuses or else it doesn't seem worth it

  6.  

    Good place for mid-career consultants

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director in Chicago, IL
    Current Employee - Director in Chicago, IL

    I have been working at Buck Consultants

    Pros

    Lots of flexibility
    Creative opportunities for commuicators

    Cons

    Lack of leadership support
    Not a lot of cohesion among lines of business

  7. 3 people found this helpful  

    A place where management wants everyone to succeed but lack the ability to reward those who give 150%

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director in Secaucus, NJ
    Current Employee - Director in Secaucus, NJ

    I have been working at Buck Consultants

    Pros

    Flexible work schedule. Benefits seem to be better than most other companies.

    Cons

    There is always an excuse not to pay salary increases or bonus. Despite attaining double digit improvement over a prior year, an individual and a group is judged by the company's overall performance.

    Advice to ManagementAdvice

    Fix the reward system. Stop making profitable groups suffer because of groups who are either loosing business or not growing. Recognize that certain groups cannot grow without FIRST hiring new talent to train and prepare them for the new business.

    Doesn't Recommend
  8. 2 people found this helpful  

    Great Flexible Working Environment but that's about it - Going downhill

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Secaucus, NJ
    Current Employee - Anonymous Employee in Secaucus, NJ

    I have been working at Buck Consultants

    Pros

    Good benefits, very flexible working arrangement with the possibility of telecommuting. The environment is still not one of a big corporation, but rather a relaxed environment which reduces the level of stress one can encounter in Corporate America

    Cons

    Buck Consultants used to be the envy of the industry in terms of its client base, its reputation and its people. That was when Buck was a privately own company. then Mellon Financial Corporation acquired the firm and that's when it began to go downhill. We now had to report to a publicly traded company with all of the cost-cutting measures that come with it. Pay Increases and bonuses became smaller and less impacted by personal performance. Then, Mellon sold the firm to ACS (Affiliated Computer Services) and that's when we started to really go down. Lack of direction, poor management communication and OFF-SHORE, OFF-SHORE, OFF-SHORE, Hiring Freezes, bonus freeze, Furlows, no merit increases and no more distinction between high and low performers. ACS sets impossible financial expectation for the firm which is a way to cut merit increases and bonuses. Finally, the company is now owned by XEROX which means that Buck Consultants's Parent Company (ACS) has also a parent company. A real nightmare...

    Advice to ManagementAdvice

    Sell the company to an HR consulting firm or to a private equity firm. No more parent companies that do not understand our business and set higher expectation each year so that we can never meet them. Something must be done before it's too late.

    Doesn't Recommend
  9.  

    Great people, very collaborative environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Consultant in Atlanta, GA
    Current Employee - Senior Consultant in Atlanta, GA

    I have been working at Buck Consultants

    Pros

    Consultants nationwide share information and best practices. The people are great.

    Cons

    Parent company (ACS) is very bureaucratic and their employees don't work well with Buck employees because of extreme cultural differences.

    Advice to ManagementAdvice

    Work on improving work relations between Buck and ACS employees by promoting a unified culture.

    Recommends
  10.  

    Good place to work with limit upward movement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Global Research Associate in San Francisco, CA
    Current Employee - Global Research Associate in San Francisco, CA

    I have been working at Buck Consultants

    Pros

    Good work-life balance, collegial environment, flexible, teams are small and you get the opportunity to explore different practices if you want to.

    Cons

    Limited promotion and recognition in different practices, and the salaries are lower than industry average, management can be bureaucratic making it hard to be noticed.

    Advice to ManagementAdvice

    Management should focus more on their employees instead of trying to cut the bottom lines. The employee morale at Buck can differently be increased.

    Recommends
  11.  

    Good people with integrity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director in Denver, CO
    Current Employee - Director in Denver, CO

    I have been working at Buck Consultants

    Pros

    Buck provides innovative ideas; people are trust-worthy and loyal; long standing history as a leader in actuarial work; consultants share ideas

    Cons

    Offices seem top heavy; not much career development by upper management; occasional lack of communication; multiple ownership & leadership changes have caused some lack of direction

    Recommends

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