Towers Watson

www.towerswatson.com

Towers Watson Reviews

Updated 28 January, 2015
Updated 28 January, 2015
425 Reviews
3.4
425 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Towers Watson CEO John Haley
John Haley
199 Ratings

Review Highlights

Pros
  • I like that they focus a lot on employee health and work/ life balance (in 30 reviews)

  • Flexible work environment depending upon the office and the manager (in 29 reviews)


Cons
  • A lot of reviews have quoted an excellent work/life balance but I don't see it (in 52 reviews)

  • No work life balance during peak seasons (in 12 reviews)

More Highlights

118 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Analyst in Toronto, ON
    Current Employee - Actuarial Analyst in Toronto, ON

    I have been working at Towers Watson full-time (less than a year)

    Pros

    You get great amount of support and resources when it comes to exam reimbursements, study materials etc. The process is easy and quick.

    Cons

    Some people are smart while some are really dumb. But management focuses on recruiting people who knows how to talk a lot hence they're recruiting very very stupid people.

    Advice to ManagementAdvice

    Focus on work-life balance

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    No work life balance during peak season

    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Towers Watson full-time (more than a year)

    Pros

    Staff is young and friendly

    Cons

    Billable hours hard to achieve

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Great at first, then falls to mediocrity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Toronto, ON
    Current Employee - Anonymous Employee in Toronto, ON

    I have been working at Towers Watson full-time (more than a year)

    Pros

    Insightful perspective into the specific industries you're working for, can be very interesting. The culture is supportive where most people are willing to lend a helping hand if you ask for it. The compensation is excellent.

    Cons

    Long hours, not so challenging work after a few months, have to be up to date with current government policies which can be interesting to some people. The high turnover rate can be demotivating and a blow to the company morale. The chance for promotions is stifled if you work with someone with a bad reputation and not many people have the insight to overlook this.

    Advice to ManagementAdvice

    Find ways to motivate people to work smart and faster, and set the billing hour targets to a reasonable one, there just isn't that much work for everyone.

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


  5.  

    Can't think of anything bad to say

    Current Employee - Senior Actuarial Analyst in Calgary, AB
    Current Employee - Senior Actuarial Analyst in Calgary, AB

    I have been working at Towers Watson full-time (more than a year)

    Pros

    All of the things that people generally say I would agree with. Co-workers are great.

    Cons

    Hours, bonuses low, turnover seems to be high but other than that all good.

    Doesn't Recommend
    Negative Outlook
  6. 2 people found this helpful  

    Good starting company. Wouldn't stay much longer than that.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Compensation Analyst in Toronto, ON
    Former Employee - Compensation Analyst in Toronto, ON

    I worked at Towers Watson as a contractor (less than a year)

    Pros

    Flexible hours. Great work life balance. Benefits are great, so I hear.

    Cons

    Promised upward movement. They want current employees in this division to take a month of absents before offering full-time. This makes no sense! We are just going to find other jobs and you would have trained and developed our skills for no reason. They are based in the US and therefore do not respect the Canadian firms. The pay is awful. Unless you are full-time

    Advice to ManagementAdvice

    Don't take your employees, their skills and their loyalty for granted. You are leaving a bad taste in the mouth of good talent. I think I speak for all entry level employees for that matter.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    salary is so so for many of current employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Analyst in Toronto, ON
    Current Employee - Actuarial Analyst in Toronto, ON

    I have been working at Towers Watson full-time (more than a year)

    Pros

    Good work environment is start new career

    Cons

    salary sux; same level of job you got huge range of salary different, and most of them are unfair

    Advice to ManagementAdvice

    pleaes be fair to every hard working employees...

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Consultant

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

    I have been working at Towers Watson

    Pros

    Career development and advancement, research based consulting services, amazing colleagues, lots of learning and training opportunities, compensation package and flexibility.

    Cons

    Highly competitive individuals not always willing to work as a team. Lots of people with strong egos. Balance work and family may be sometimes challenging.

    Advice to ManagementAdvice

    Try to make sure the experience is similar in various offices and region. Not sure it is the case since the merger.

    Approves of CEO
  9. 3 people found this helpful  

    TW is a challenging workplace with great clients and bright people; unfortunately "legacy cliques" still exist.

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

    I have been working at Towers Watson

    Pros

    Great research capabilities, a commitment to good work and exploring new ideas for top-tier clients makes TW an energizing and challenging place to build a career.

    Cons

    Small circles of "insider" managers and "instant labelling" means you can get stuck with in a bow you don't want to be in - and it can be difficult to find a champion to help you get out and explore other opportunities. If you're not fast-tracked you might as well look externally.

    Advice to ManagementAdvice

    As the actuarial needs of HR plans diminish, TW moves closer to management consulting. Time to broaden the appreciation of other skill sets and experience and see they all can provide value to TW objectives - admittedly some regions are much better at this than others.

    Approves of CEO
  10. 4 people found this helpful  

    Pension Analyst/Administrator - Pension Administration Group (PAG)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pension Analyst in Philadelphia, PA (US)
    Current Employee - Pension Analyst in Philadelphia, PA (US)

    I have been working at Towers Watson

    Pros

    Easy to get hired (most locations now focus on new hires who start as temps for 6 months or a year, which is great if you do not have experience, or they only hire those with a lot of experience in a rival company). The company is very flexible - you get 15 days of PTO from your date of hire and as long as you get your work done ahead of time, you can take them as needed. Also, the company recently changed their dress-code policy from business casual to allow you to wear jeans everyday if you wish (still under the business casual umbrella, though - clients do visit the offices and you should look put together). Also, working from home has not been an issue when I've needed to, but the company still likes you to be in the office on a regular basis.

    Cons

    Salary is much lower than the industry standard and negotiation of salary or requests for a raise are generally met with a "Nope". If you are a good, smart, hard-working employee, you generally get taken advantage of in terms of having to do a majority of the workload on teams, however, if you speak up about being overworked it's generally remedied pretty quickly. There is a billable hours requirement (which is standard for a majority of corporations), however, it is unattainable. For the lower level employees you are expected to have 1600 hours of BILLABLE time per fiscal year (ie., time the company can bill to a client for work you've done - if you don't have anything to do, you don't get billable hours). If you do the math on that 1600 hour goal, you need to get 6.7 hours of billable work per day MINIMUM, every single day of the week, WITHOUT taking account for holidays or PTO (or slow-periods within the company where your workload may be at a minimum, to no fault of the employee). In a nutshell, it is not an attainable goal for most people. Additionally, your billable hours goal is worth 70% of your yearly assessment and therefore greatly affects your promotion and salary increase possibilities. There is not a clear path of advancement and you are generally oblivious to what other departments do within the company (and therefore, you are not aware of the opportunities they may present to you). Finally, if you move voluntarily while employed for Towers Watson, do NOT expect a Cost of Living Adjustment to your salary.... even if you ask for it. The response will be "we didn't ask for you to move, you're not worth that to us".

    Advice to ManagementAdvice

    The CEO has been traveling all around the country for the last year (and will continue to do so in 2015) to introduce himself and "see what the people think" - the reality is that he gets to travel the country on the company's dime (including the travel expenses, meals, hotels, etc.) to pop into an office or two for a couple of hours where the employees aren't going to speak up about anything because nobody knows him on a day-to-day basis. I'm not saying that he is a bad guy in any way (I've never met the man), but this exercise is wasteful and futile. Reallocate those travel funds to pay your employees what they deserve - I guarantee your turn-over rate will decrease.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Good

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

    I have been working at Towers Watson

    Pros

    Great working environment and learning experience

    Cons

    tight schedule and busy weekends

    Recommends
    Positive Outlook
    Approves of CEO

Work at Towers Watson? Share Your Experiences

Towers Watson

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.