Towers Perrin

  www.towersperrin.com
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Towers Perrin Reviews

Updated Feb 27, 2014

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All Employees Current Employees Only

3.2 69 reviews

80% Approve of the CEO

Towers Perrin CEO John Haley

John Haley

(5 ratings)

60% of employees recommend this company to a friend

Review Highlights

Pros
  • It was a great place, with cool work, and generally great people(in 7 reviews)

  • Fair work-life balance maintained(in 4 reviews)


Cons
  • Work/life balance issues, lack of opportunities to approach work creatively(in 10 reviews)

  • Long hours and high expectations(in 7 reviews)

69 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Towers Perrin

    Senior Consultant (Former Employee) Philadelphia, PA

    ProsBrilliant colleagues
    Team-oriented
    Focus on excellence
    Lattitude for exploring interests and career specialization
    Highly-customized customer solutions
    Fair work-life balance maintained

    ConsSenior leadership ability
    Human resource function
    Lack of strategic vision
    Poor knowledge management
    Poor IT infrastructure
    Poor leverage model for talent management
    CRMs ineffective

    Advice to Senior ManagementCurrent leadership lacks strategic vision and discipline.

    CRM function and incumbents are ineffective.

    Internal HR function is a hindrance to employee relations.

    Performance management system not aligned for growth.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    great environment

    Benefits Analyst (Current Employee) New York, NY

    Prosfriendly people, great benefits, location is downtown which is always a plus. there is great opportunitie for advancement , so that great.

    Conslong hours , sometimes up to 14 horus per day during peek period, sept-dec. other wise decent place to work at

    Advice to Senior Managementkeep doing what you're doing, open door policy is great, ppl are always available for feedback and wuestions which is awesome

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    Nice place

    Associate Consultant (Current Employee) Lincoln, NE

    ProsGreat benefits - in addition to a 100% 401K match up to 5%, after 3 years there is a cash balance pension plan where 3% of your salary is put into a fun that's paid around 5%/year. Mgmt makes this contribution, which is great on top of a 401K. STarts accruing on day 1.

    Generous bonus plan.

    ConsWork life balance is tough, but the hours are necessary in order to be promoted to principal. If you're not interested in that track, this is probably not the right firm for you. It's a work hard/play hard atmosphere.

    Advice to Senior ManagementNeed to communicate more frequently.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    It's ok, but work life balance is hard with TW

    Actuarial Associate (Current Employee)

    ProsPay Competitive, benefits are ok.
    Solid consulting experience.
    BIg company and lots of travel and learning experience.
    Towers Watson !

    ConsUpcoming streamlining due to merger.
    poor work/life balance
    obsolete computer system.
    Pay freeze for a whole 1.5-2 years.
    Towers Watson !

    Advice to Senior ManagementThe senior management needs to be more transparent. The associates has no idea what is going on with the management and they don't seem to convey their message or care enough for their associates

    No, I would not recommend this company to a friend

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    Great place to work, but not for creative types

    Consultant (Current Employee) Chicago, IL

    ProsSolid company, good benefits, good potential for hard workers who are willing to sell

    ConsWork/life balance issues, lack of opportunities to approach work creatively

    Advice to Senior ManagementAppreciate your conservative and smart approach to dealing with the economic downturn.

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    • Approves of CEO

    1 person found this helpful  

    Top traditional HR firm.

    Senior Consultant (Former Employee)

    ProsIf you are part of their traditional lines of business, such as retirement, compensation, communications or health & welfare, then this is a great place for all levels of experience.

    ConsIf you are more into project based, or IT related consulting (non-implementation, such as technology strategy), then your opportunities will be limited

    Advice to Senior ManagementInvest in more marketing and sales support, especially if you are looking to grow outside of your traditional businesses.

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

    Executive Compensation and Rewards Associate (Current Employee) San Francisco, CA

    ProsTowers 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.

    ConsWhile 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 Senior ManagementSenior 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.

    No, I would not recommend this company to a friend

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    • Approves of CEO

     

    Good place to start an actuarial consulting career...move elsewhere if you want to do creative and interesting work.

    Associate (Former Employee)

    ProsTowers Perrin is a great place for folks who want to build an actuarial consulting career under rather strict guidelines.

    ConsThe culture varies too much from office to office, and it all depends on whether your manager cares for your growth. It is very hard to find that sort of relationship here. Promotion schedules can be quite unfair.

    Advice to Senior ManagementMore clear communications.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

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

    Senior Consultant (Current Employee) New York, NY

    ProsTowers 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.

    ConsTowers 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 Senior ManagementCut 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.

    No, I would not recommend this company to a friend

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

    Senior Consultant (Current Employee) New York, NY

    ProsWell-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.

    ConsThe 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 Senior ManagementStaffing on assignments needs to be improved so that associates and consultants are better balanced.

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