Towers Perrin

  www.towersperrin.com
  www.towersperrin.com

Towers Perrin Reviews

Updated August 19, 2014
Updated August 19, 2014
71 Reviews
3.6
71 Reviews
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Towers Perrin CEO John Haley
John Haley
5 Ratings

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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Towers Watson

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

    I worked at Towers Perrin

    Pros

    People are great to learn from and intellectual capital is extremely helpful and easy to access.

    Opportunities to cross lines of business and learn.

    Cons

    During my 3 years at TP, the opportunities for professional development were cut and not offered.

    Private held company culture can be difficult to break into if you come from another firm.

    Advice to ManagementAdvice

    Keep communication open to employees and offer internal professional development opportunities. Invest into in-person meetings when the client is hesitant to pay for consultant travel.

    No opinion of CEO
  2.  

    Associate life

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

    I have been working at Towers Perrin

    Pros

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

    Cons

    Top 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 ManagementAdvice

    Am excited for the new opportunities that will come from the new merger including more talent and larger projects

    Recommends
    Approves of CEO
  3.  

    So So work environment

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

    I worked at Towers Perrin

    Pros

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

    Cons

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

    Advice to ManagementAdvice

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

    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Intelligent employees, lack of work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in Washington, DC
    Current Employee - Associate in Washington, DC

    I have been working at Towers Perrin

    Pros

    Extremely motivated and intelligent employees

    Cons

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

    Advice to ManagementAdvice

    If 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

    Doesn't Recommend
    Approves of CEO
  6.  

    Great place to work but average pay

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

    I worked at Towers Perrin

    Pros

    Great 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

    Cons

    Average 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 ManagementAdvice

    go private again...

    Recommends
    Disapproves of CEO
  7.  

    satsified

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

    I have been working at Towers Perrin

    Pros

    Pay 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.

    Cons

    As 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 ManagementAdvice

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

    Recommends
    No opinion of CEO
  8.  

    Feel more like a salesperson than a consultant

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

    I have been working at Towers Perrin

    Pros

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

    Cons

    For 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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Typical "old school" company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Towers Perrin

    Pros

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

    Cons

    You 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 ManagementAdvice

    There'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.

    No opinion of CEO
  10.  

    Interesting work, terrible lifestyle

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate in Arlington, VA
    Former Employee - Associate in Arlington, VA

    I worked at Towers Perrin

    Pros

    I 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 ManagementAdvice

    Actually 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.

    Doesn't Recommend
    No opinion of CEO
  11.  

    Like drinking from a firehose?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Change Implementation Consultant in Chicago, IL
    Former Employee - Change Implementation Consultant in Chicago, IL

    I worked at Towers Perrin

    Pros

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

    Cons

    Absolutely 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 ManagementAdvice

    Walk the talk... We are the cobbler's kids.

    Disapproves of CEO

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