There are newer employer reviews for Marsh & McLennan Companies

3 people found this helpful

3 CEOs in 4 years

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

I worked at Marsh & McLennan Companies full-time (more than 5 years)

Pros

- Many smart, knowledgeable, professionals
- A fairly uniform world-wide brand
- Broad spectrum of resources
- A good place for young people to gain experience and responsibility
- Decent wages and benefits for the middle rank-and-file
- Very good compensation plans for senior and executive management
- The Risk Management division (multi-nationals) traditionally had low turnover and excellent technical people
- Extended benefits to Domestic Partners

Cons

- Very bloated, centralized management structure in New York HQ
- Executive management's response to Spitzer's legal action in 2004 took 3 tumultuous years to stabilize and when the smoke cleared, a flattish, flexible decentralized organization had morphed into a rigid, authoritarian and increasingly out-of-step and out-of-touch management team.
- Constant changing of technology platforms - most very, very bad - clunky and cumbersome.
- 10s of millions of dollars spent on bespoke technology platforms - abandoned after a year or 2 - which really looks bad when you cyclically lay off hundreds of skilled workers.
- Too many Managing Directors shuffling papers
- Moving toward cheap, disposable workers
- Middle Market business model can't compete with local and Regional
- No longer stand out as knowledge leaders

Advice to ManagementAdvice

- Build a culture that values expert knowledge again. In fact, build a culture - yes, with real values; honesty, transparency - then walk the talk
- Sell your Middle Market business - you're burning out your people in a doomed effort to compete with more flexible companies who focus solely on that sector. They do it better than you.
- Focus on Risk Management
- Send half your MDs out to pasture
- Stop selling on price
- Get rid of the commission structure - it provides the wrong incentives; selling cheap price and taking too long in the marketing cycle to do so thereby driving down profit - double whammy.

Doesn't Recommend
Neutral Outlook
No opinion of CEO
reviews filtered by
  • Any Location
  • Any Job Title
  1. Credit Analyst

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

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

    Pros

    Diversified company with significant opportunities to move around. If one is dissatisfied with one's job, one can switch to another until one finds the right fit.

    Cons

    Salary is not necessarily competitive because the know they can get away with it because of their good reputation as they are a global company.

    Advice to ManagementAdvice

    Staff can compensated better.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. paper pusher for a managing director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Paper Pusher for Chief Risk Officer in Urbandale, IA
    Former Employee - Paper Pusher for Chief Risk Officer in Urbandale, IA

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

    Pros

    the cafeteria and the rented building

    Cons

    Managing director has no idea what he is doing - lies, lies and more lies - the greater good should be called the greater farse.

    Advice to ManagementAdvice

    complete the outsourcing you started and go away

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Marsh & McLennan Companies

Work at Marsh & McLennan Companies? Share Your Experiences

Marsh & McLennan Companies

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.