Towers Perrin

  www.towersperrin.com
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Towers Perrin Reviews

Updated Jul 28, 2014

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All Employees Current Employees Only

3.2 70 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)

More Highlights
70 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    So So work environment

    Consultant (Former Employee) New York, NY

    ProsExperienced managers who have broad knowledge. Talented coworkers for the most part. Nice physical work space located well within the city.

    ConsLack of career development. Hard to get noticed by managers. Work becomes a grind quickly with little exposure to anything exciting or new.

    Advice to Senior ManagementPay a bit more attention to the interests of your employees, and their career goals. Work to expose them to a broader array of things.

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

     

    Intelligent employees, lack of work/life balance

    Associate (Current Employee) Washington, DC

    ProsExtremely motivated and intelligent employees

    ConsLack of work/life balance, often long, inflexible hours

    Advice to Senior ManagementIf Towers Perrin has a desire to reduce turnover, especially at lower professional levels, consider work/life balance and other benefits that would help them compete with other companies in today's market

    No, I would not recommend this company to a friend

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

     

    Associate life

    Anonymous Employee (Current Employee) San Francisco, CA

    ProsWork life balance, interesting opportunities (if you seek them out), competitive benefits package, OK compensation, not a lot of travel required

    ConsTop heavy, not a great place to grow a career better to come in mid career level, not a well defined performance review process

    Advice to Senior ManagementAm excited for the new opportunities that will come from the new merger including more talent and larger projects

    Yes, I would recommend this company to a friend

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

     

    Great place to work but average pay

    Associate (Former Employee) San Francisco, CA

    ProsGreat opportunities for advancement, truly lives up to claim of a flat corporate structure, easy transitions between groups (at least early in career), effective review program, 360 reviews, regular communication from management, high encouragement of vacation usage

    ConsAverage pay, mid level managerial talent varies widely between offices, significant compensation disparities between groups, heavy linkage to actuarial certifications, loss of private structure removes incentive for long-term career loyalty

    Advice to Senior Managementgo private again...

    Yes, I would recommend this company to a friend

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

     

    Feel more like a salesperson than a consultant

    Senior Consultant (Current Employee)

    ProsThere are some really smart qualified consultants working here. If you're lucky you can surround yourself with people you trust.

    ConsFor the last year, I feel like I just push "products" on our clients rather than provide them with quality consulting. I understand Towers is in the business to make money, but ever since the upcoming merger with Wyatt was announced in the summer, it seems to be the only driving force.

    Advice to Senior ManagementFInd a way to make people want to work together as a team. The current sales goals and billable hour quota just encourages backstabbing.

    No, I would not recommend this company to a friend

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

     

    satsified

    Anonymous Employee (Current Employee)

    ProsPay and benefits. The wealth of knowledge is astounding. Flexible work schedule. Work life balance can be a problem at times, but if you are able to set your own boundries it is rarely and issue.

    ConsAs with any consulting firm, clients will make unreasonable demands that are expected to be met. Due to the economy, pay is currently frozen.

    Advice to Senior ManagementBe aware that the work life balance issue can be a problem. Take efforts or continue to take efforts to combat that

    Yes, I would recommend this company to a friend

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

     

    Typical "old school" company

    Anonymous Employee (Former Employee)

    ProsThe company seems to have a great reputation and not likely to go out of business. The benefits are good, too.

    ConsYou need to know someone to get in. You need to know the right person in order to get where you want to go.

    Advice to Senior ManagementThere's too much of the "old boy" mentality. Personal and professional growth gets stifled on the regular. Veterans have a crazy sense of entitlement and are entirely too resistant to change.

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

     

    Like drinking from a firehose?

    Change Implementation Consultant (Former Employee) Chicago, IL

    ProsReally rewarding work. Very stimulating environment. Fast paced. Great place to learn. Stellar colleagues. Solid methodologies that are easy to sell.

    ConsAbsolutely NO work life balance. You are the job. You are seemingly on point and on call 24/7. Nights and weekends are givens. But be prepared to sacrifice vacations and holidays as well. The client ALWAYS comes first.

    Advice to Senior ManagementWalk the talk... We are the cobbler's kids.

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

     

    Abusive Company

    Actuarial Associate (Former Employee) Philadelphia, PA

    ProsLearned a great deal, smart people to work with, decent company reputation, ok benefits, overtime paid to junior associates, tuesday was fruit day

    Conslong hours, poor work life balance, no control of work, little or no client contact, confusing promotion scheme, frozen pay for a long period of time, promotions without pay increases, lack of respect of senior management (because I don't have kids, I can work from 5 AM to midnight and I should never complain), poor technology, junior associates are not given capability to work from home and are expected to work insane hours

    Advice to Senior ManagementJust because your employees want to have a work life balance, does not mean you should think they are bad employees. You will lose very smart, good workers because they are smart enough to leave an abusive company.

    No, I would not recommend this company to a friend

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

     

    Interesting work, terrible lifestyle

    Associate (Former Employee) Arlington, VA

    ProsI was an Executive Compensation & Rewards Consultant, so my experience relates to that.
    PROS:
    - Work can be interesting at first
    - Some of the people you meet can be very nice
    - Pressure and time constraints force you to develop some great work skills
    - Exposure to clients or client interaction early on is great for people who have not experienced that
    - Some interesting training events
    - Decent healthcare
    - Pay was also decent

    Cons- Ridiculous work/life balance. You will be told upfront that it is not a "9 to 5 job", but there is little talk given to how ferocious the work can be. During winter, I entered work when it was dark, left when it was dark. 12 hour days are not uncommon, and neither are weekends. Expect to work a ton of hours if you plan on getting ahead.
    - Work becomes highly repetitive and frustrating as the months go by. Be prepared to do the same thing day after day, with increasing workloads and decreasing timeframes.
    - Billable hour model is a joke. A lot of your hours will be taken away if the client is new and the project was underbid and if managers have billable goals to meet. This impacts you negatively during your performance review.
    - Managers are more than ready to throw you under the bus if you mess up, and promotions seem heavily based on what they have to say about you. Treatment becomes wackier and wackier the more senior a person is; be expected to deal with certain personalities.
    - The client comes first, regardless of their ridiculous and often changing demands. This results in often wasted labor and labor well beyond the scope of work. Additionally, Towers Perrin never pushes back, so be expected to do the impossible on a normal basis.
    - Associates are pretty much tossed into the wild and told to sink or swim; if you are having problems, you are expected to fix them, regardless of what the client is asking.
    - Pay was decent, but not fluid enough. Promotions come late and almost as appeasements to lure you to stay in.
    - Initial bonus scheme was a joke: associates could make more money being paid time-and-a-half then receiving an end of the year bonus.
    - Vacations have to be scheduled way in advance, and be prepared to cancel them late notice or take some phone calls.
    - Inter-office politics requires you to either fit the Towers Perrin mold or fail to progress.

    Advice to Senior ManagementActually focus on work/life balance instead of just paying lip service.
    Be dedicated, not enslaved to your job.
    Push for reasonable timeframes so Associates are happier and more driven to do your work.
    Be upfront about lifestyle.
    Raise pay to be commensurate with the amount of work.

    No, I would not recommend this company to a friend

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