Watson Wyatt

www.watsonwyatt.com
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Employee Reviews

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  1. 1 person found this helpful  

    Working here prepares you for anything

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

    I have been working at Watson Wyatt

    Pros

    The work is always a challenge. There is no day-to-day work; everything is project/client based. The environment is friendly and helpful, in spite of it being a consulting firm. The management foster a learning culture where the experienced train the learning. In general, the senior consultants are willing and able to help even the entry-level analysts. The office tends to be young as only the most talented of candidates are offered a position at the company and as such promotions tend to be quick. This is not to be construed as the company has a promotion timetable, but rather that the new hires learn quickly and are capable of proving competencies in short time.

    Cons

    Since every is highly talented, it is disconcerting to many new hires that they are not the smartest person in the room, nor as smart as they once thought. Much of the work is considered confusing at first glance and the learning curve is very steep. While there exists a form of centralized training, it is not considered to adequately and completely train analysts. While this may be a problem at many client-based firms, the problem is especially pronounced at Watson Wyatt. One might also complain about efficiency issues as each client deliverable is subject to a review process in which each document is completed, checked and reviewed by at least three separate people, leading to a complete and correct body of work.

    Advice to ManagementAdvice

    Nothing really

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Overall pretty satisfied

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consulting Actuary in Cleveland, OH
    Current Employee - Consulting Actuary in Cleveland, OH

    I have been working at Watson Wyatt

    Pros

    team based work, support, materials, and seminar provided for studying for actuarial exams, company provided study time, open door policy from other consultants, flexible work schedule though still must work during core hours, lots of different people with different perspectives on the work that we do that you are able to work with

    Cons

    hours are not consistent, could work many weekend days throughout a year, sometimes you may have very little work for a while then have too much work to handle for a while, never totally consistent, deadlines always pushed to the last minute causing a rushed situation and a stressful environment

    Advice to ManagementAdvice

    always be open to new ideas

    Approves of CEO
  3. 1 person found this helpful  

    Better than

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

    I have been working at Watson Wyatt

    Pros

    1. The work--you must love the type of work. 2. The people--good people at WW; back stabbing is uncommon. Like any consulting firm, your satisfaction will depend upon your workload, your practice, and your office. Having worked at another firm, I can say that the people and culture at WW are genuinely nice and supportive. Though a public co, WW seems to get less stressed about quarterly numbers than Hewitt and Mercer (of course that can change with a recession). Also, unline Towers, WW does not seem to have a lot of old employees sticking around waiting for an IPO so they can retire and keeping the younger employees from advancing in the interim.

    Cons

    For a benefits consulting firm, WW's benefits are not great. Pay could always be better, but for this particular industry, WW pays the same as the other firms. Workload seems to vary by practice.

    Advice to ManagementAdvice

    Take a few more risks. Also, make promotion decisions (criteria) more clear.

    Recommends
    No opinion of CEO
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  5. 1 person found this helpful  

    Opportunties abbound

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

    I have been working at Watson Wyatt

    Pros

    It is a great company that is working hard to create an atmosphere in which associates can grow and learn new skills. It has a global brand and opportunities around the world.

    Cons

    Watson Wyatt is still struggling through its big merger with its European partner so there tends to be some redundant staff and a small company feel when in reality it is a big company. Work needs to be done to standardize policies and procedures across the globe.

    Advice to ManagementAdvice

    At the risk of stepping on toes, there needs to be a bigger push to unify the company and foster partnership among the individual practices and regions

    Recommends
    Approves of CEO
  6.  

    The best large HR consulting firm out there

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

    I have been working at Watson Wyatt

    Pros

    Work/life balance, scheduling flexibility, intelligent co-workers

    Cons

    Lack of geographic differentials in compensation, sub-par bonus plan

    Advice to ManagementAdvice

    Re-work the bonus plan

    Recommends
    Approves of CEO
  7.  

    Great firm, BUT...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Consultant in Cleveland, OH
    Former Employee - Consultant in Cleveland, OH

    I worked at Watson Wyatt

    Pros

    Strong global footprint, technical experts, resources available in a large firm (e.g. travel site, blackberry, laptop, etc.), name recognition, competitive pay, generally friendly people (though serious).

    Cons

    Bureaucracy, death by meetings, resistance to change, highly variable effectiveness/support depending on the office, no true onboarding process in place.

    Advice to ManagementAdvice

    Create clear strategies for growth and hold everyone accountable, identify and nurture high potentials/top performers and reveal a career path with specific objectives, then provide the training and support to attain them.

    Recommends
    No opinion of CEO
  8.  

    Burnt out

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

    I have been working at Watson Wyatt

    Pros

    Prestige of the company name

    Cons

    No work life balance at all. 12 hour days are standard to be successful plus weekends

    Advice to ManagementAdvice

    Stop being so churn and burn (turnover rate is way above industry norm.)

    Doesn't Recommend
    No opinion of CEO
  9.  

    An incredible experience

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

    I worked at Watson Wyatt full-time (more than 8 years)

    Pros

    I was able to work with some of the best in the industry. Particularly in RIC (the research group) and in the Organization Effectiveness Practice. At time, the most rewarding experience of my career.

    Cons

    The Account Management Group. The account management group had a leadership problem; constantly changing focus and metrics to the point where the group lost direction.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Towers Watson (GRS), Gurgaon

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Gurgaon, Haryana (India)
    Former Employee - Anonymous Employee in Gurgaon, Haryana (India)

    I worked at Watson Wyatt full-time (more than a year)

    Pros

    High potential to learn and grow as a professional

    Cons

    Work can become stagnant.
    Number of employees is very small so tasks that require multi-tasking need to be handled with care

    Advice to ManagementAdvice

    Make the workforce more diverse and please avoid forming coteries.
    The opportunities for growth should be enhanced, especially those in Band 1 and 2.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Manager of benefit team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Taipei (Taiwan)
    Former Employee - Anonymous Employee in Taipei (Taiwan)

    I worked at Watson Wyatt full-time (more than 3 years)

    Pros

    - good learning environment
    - good co reputation
    - good methodology
    - good & professional bosses & leaders

    Cons

    Long working hours - work life balance

    Recommends

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