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Towers Perrin

 
#1 Towers Perrin
19/02/2009 14:17

Unemployed former president GW Busch

What are your thoughts working at towers perrin? I believe they have a good brand name, good salary etc. What are the working hours like? Also, what are the chances of career growth in the comapny ( either lateral or upward career mobility within the company).

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#2 RE: Towers Perrin
20/02/2009 09:14

Ibrahim Rasheed to Unemployed former president GW Busch (#1)

The hours at Towers Perrin are fairly standard for consulting. They vary with client requirements, the project cycle, and line of business (different practices have different degrees of predictability to their project cycles).

However, one of the things that makes Towers Perrin a particularly good place to work is that you have a substantial degree of discretion as to how, where and when you work to best serve the client. I find that having the flexibility to work from home, client site, or office depending on the requirements of the day helps a lot with maintaining sanity and work/life balance around the office.

Other factors affecting your working hours at Towers Perrin are: your working style; your choices to get involved in business development, intellectual capital generation, training and other internal projects; and your general ambition. There are substantial opportunities for career growth if you wish to take them. However, there isn't a strict "up or out" culture, so not everybody chooses to do so. I find that many people at Towers Perrin are very open about sharing their intellectual capital and (where appropriate) client relationships, and will listen to good ideas. Once you make them aware that you're interested and demonstrate that you're capable, I've been impressed at how far they will go out of their way to involve you in projects and internal initiatives. Naturally, reciprocal behaviour is required.

Lateral career mobility is very good, especially given that many people come from specialised backgrounds (actuaries, psychologists, etc.). Having made connections and demonstrated ability on the job to colleagues in different locations and lines of business, a lot of people end up going on secondment or transferring during their time with the firm. For example, I was speaking with somebody the other day who has been with the firm for 10 years but, having been based on three continents in that time, said that he feels like a relatively new joiner. There are also a number of actuaries who trained with the firm but subsequently developed into non-actuarial leadership roles (effectively a change of profession and working style).

Upward career mobility can be more difficult to judge than lateral mobility since Towers Perrin is a fairly flat organisation (there are only three consulting titles). However, salary progression and time from entry to partnership (9-13 years approximately) are similar to other firms. In my experience, career development outpaces peers at other firms.

Feel free to post here or get in touch directly (firstname.lastname@firmname.com) if you have any other questions. I'd be happy to clarify any of the above in respect of your particular professional background and career level.

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#3 RE: Towers Perrin
20/02/2009 09:57

Cynic to Ibrahim Rasheed (#2)

This all sounds pretty appealing. Ibrahim's post reflects very well on the company. Having now also looked through their website, it looks like a good place to work.

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#4 RE: Towers Perrin
20/02/2009 15:41

The man in the know to Cynic (#3)

a hell of a lot better to work for than Proudfoot

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#5 RE: Towers Perrin
26/02/2009 11:45

the guru to The man in the know (#4)

yes, TP are very good. very reputable, they dont fool around. They know their stuff and are quite professional. Pay is above average; even in a recession.

You will, naturally, be asked to work hard, but they are not slave drivers like acn or ibm. Hours are normal ( not later than 6-6:30).

The only drawback i see with TP is that:

1. You may be asked to travel for extended periods of time ( e.g. 3 month engagement). This may make it tough on your family or other committments in your home city.

2. Their industry is very specific ( mostly actuarial and also a bit of HR- wierd combo). Actuarial and HR experience wont really put you in a 'flexible; position in the future. Industry knowledge in actuarial sciences is so specific , it can only be applied to insurance. Thus, in the future, if you want to branch out to another industry, say oil/gas/utilities, you will find it tough comming from an actuarial background.

Make sure you like actuarial sciences before deciding to work there. Not everyone likes this field.

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#6 RE: Towers Perrin
26/02/2009 13:42

anon to the guru (#5)

I'd definately like to work there. Currently at Acn and would like to move into more focused human capital consulting. They seem a great choice.

I don't think they are recruiting right now though.

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#7 RE: Towers Perrin
26/02/2009 14:50

Love actuary to the guru (#5)

I think that the business is wider than Guru describes. Although the cultures of actuarial and HR functions are traditionally quite different, actuarial consulting applies quite broadly so there is a continuum from human to financial resources (at Towers Perrin anyway). Effectively, the largest cost/revenue driver for most companies is their human capital. Therefore, consulting on human resources and the cost of those resources (calculated actuarially) makes some sense.

Actuarial consulting ranges through general insurance, life insurance, health and welfare benefits (particularly in the U.S. and other countries with employment-related healthcare systems), pensions, and long-term incentives.

For example, consulting on executive compensation and reward links with actuarial calculations to give you an insight to the ROI of different incentive programmes (cost of human capital, likely payouts and cost for different stock performance scenarios, effectiveness in influencing risk-taking behaviours, etc.).

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#8 RE: Towers Perrin
26/02/2009 21:35

Ex-Foot-Cutter to The man in the know (#4)

Absolutely better than Proudfoot.

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#9 RE: Towers Perrin
26/02/2009 21:41

Ex-Foot-Cutter to the guru (#5)

Guru, with extended period of engagement, do you know if TP has formal policy like 6 "weeks away, 1 week home" kind of thing?

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