Towers Perrin

  www.towersperrin.com
  www.towersperrin.com
There are newer employer reviews for Towers Perrin

 

All Corporate Drones Wanted for this Feel Bad, Pay Good Sweatshop

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Executive Compensation and Rewards Associate in San Francisco, CA
Current Employee - Executive Compensation and Rewards Associate in San Francisco, CA

I have been working at Towers Perrin

Pros

Towers Perrin is a well-known consulting firm with an excellent reputation in the HR consulting field. Entry level consultants are paid extremely well with significant overtime opportunities due to their initial status as a non-exempt salaried employee. Employees are able to expense virtually any type of travel expense.

Cons

While Towers Perrin commits a lot of their resources to college recruiting, entry level consultants receive limited formal training and guidance during their first year. Numerous entry level Associates have either quit or been laid off in the past year due to the current business climate and dissatisfaction with working at this firm. The people who work at Towers Perrin treat each other based on formal rank within the firm and thus are very condescending to new consultants. Consultants from different lines of business rarely interact and frequently avoid verbal contact with each other (i.e. halls, elevators, bathroom). Utilization of consultants is haphazard due to poor internal communication and a lack of team meetings. Client interface is non-existent during the first year and I feel I was misled about this trend during the interviewing process. The work is extremely boring and purely relates to "number crunching" and Microsoft Excel and PowerPoint. Critical thinking is rarely utilized as the firm relies heavily on past templates and standardized analyses. Utilizing vacation time is frowned upon as my boss initially told me that most people forfeit their vacation time and another consultant mentioned that there is no work-life balance at this company. Sadly, one of my co-workers is planning to work through a good portion of her maternity leave due to her fear of losing her job and the reaction from our teammates. Community service and activism is very low at Towers Perrin. After having positive work experiences in other corporate settings, I am extremely disgruntled with my present employment relationship at Towers Perrin and do not recommend joining this firm.

Advice to ManagementAdvice

Senior management must make and effort to reinvigorate the firm's culture as it is extremely sterile and rigid. They also should make an effort to develop more effective communicators at the middle managerial level who actually provide feedback to co-workers. Lastly, hiring more pleasant and kind people would go a long way in improving the firm.

Doesn't Recommend
Disapproves of CEO

71 Other Employee Reviews for Towers Perrin (View Most Recent)

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  1. 1 person found this helpful  

    Towers Perrin has good people, but needs to free them to become more entrepreneurial.

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

    I have been working at Towers Perrin

    Pros

    Towers Perrin gives people clear line of sight between their individual goals and those of the organization. Towers Perrin does a good job of recruiting and hiring talented people. Towers Perrin also has some good intellectual capital.

    Cons

    Towers Perrin's senior management operate in a very parochial style. They don't give transparent information to even their senior consultants and they make major decisions without properly checking with the people that these decisions will most affect.

    Towers Perrin places great emphasis on compliance and timekeeping, and its consultants end up spending far more time than necessary on administrative tasks that keep them from their clients. People working here spend time feeding the system much more than the system supports them in their work.

    The reason for the emphasis on administrative tasks is because the top management feels that it "needs" to roll up financial information on a weekly basis because it doesn't trust its people to run their offices at the ground level as entrepreneurs would. Instead, all the information is funnelled to the top, where all major decisions trickle down in a highly filtered manner.

    Because justifications for major decisions appear so watered down, the firm feels to employees as if it has no strategy or underlying decision principles, which in turn causes major alignment issues.

    Advice to ManagementAdvice

    Cut out the administrative load and free your people to focus on the market and their clients' needs. State a true strategy based on the firm's strengths, weaknesses, opportunities, and threats, not just a pithy statement about what we do. Focus people's actions on broad strategic goals, then get out of peoples' way and let them accomplish their goals. Develop an organization that facilitates people getting their work done rather than burdening your people to feed top management's needs. If the organization let people operate more as entrepreneurs and less as minions, then you would free a lot of productive energy for people to succeed.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Good for traditional HR lines of business and those joining from college/MBA or other consulting firms.

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

    I have been working at Towers Perrin

    Pros

    Well-known, reputable firm within its field. Well-established practice in traditional HR fields - executive compensation, health and welfare, retirement. Great support for mid-level consultants to balance work and life - especially at the age when people start to get married and have kids.

    Cons

    The firm is great for people hired from traditional routes - college, MBA - as well as lateral transfers from other consulting firms. Lateral hires from non-consulting backgrounds will have tough time navigating the bureacracies and the established networks - especially in this economy. Its non-traditional line of business faces difficulties during economic downturns as they are luxuries of clients' HR departments.

    Advice to ManagementAdvice

    Staffing on assignments needs to be improved so that associates and consultants are better balanced.

    No opinion of CEO
There are newer employer reviews for Towers Perrin

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