Towers Perrin Reviews | Glassdoor

Towers Perrin Reviews

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  1. "satsified"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    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 Management

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


  2. "Feel more like a salesperson than a consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant
    Current Employee - Senior Consultant
    Doesn't Recommend
    Disapproves of CEO

    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 Management

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

  3. "Typical "old school" company"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    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 Management

    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.


  4. Helpful (1)

    "Interesting work, terrible lifestyle"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Arlington, VA
    Former Employee - Associate in Arlington, VA
    Doesn't Recommend
    No opinion of CEO

    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 Management

    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.


  5. "Like drinking from a firehose?"

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

    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 Management

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


  6. "Abusive Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Actuarial Associate in Philadelphia, PA
    Former Employee - Actuarial Associate in Philadelphia, PA
    Doesn't Recommend
    No opinion of CEO

    Pros

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

    Cons

    long 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 Management

    Just 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.


  7. "Paid slavery at its finest"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Actuarial Associate
    Former Employee - Actuarial Associate
    Doesn't Recommend
    No opinion of CEO

    Pros

    Salary and that is about it. I would have to be pretty drunk to claim any other pro than salary.

    Cons

    There is quite a bit of favoritism. If you aren't good at kissing butt, don't waste your time here. You will only receive respect if you can entertain coworkers with your daily life.

    Advice to Management

    Talk to employees who are paid the least in the company to really find out how your management is doing. Hopefully, you will see what I saw at my location.

  8. Helpful (1)

    "Towers Perrin"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in Philadelphia, PA
    Former Employee - Senior Consultant in Philadelphia, PA
    Recommends
    Disapproves of CEO

    Pros

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

    Cons

    Senior 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 Management

    Current 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.


  9. "great environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Benefits Analyst in New York, NY
    Current Employee - Benefits Analyst in New York, NY
    Approves of CEO

    Pros

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

    Cons

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

    Advice to Management

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


  10. "Nice place"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in Lincoln, NE
    Current Employee - Associate Consultant in Lincoln, NE
    Recommends
    Approves of CEO

    Pros

    Great 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.

    Cons

    Work 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 Management

    Need to communicate more frequently.


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