Watson Wyatt Worldwide
VAULT RANKINGS 2010
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- "Well-known in their niche"
- "Political environment "
- "Global; strong"
- "Trying to keep up with competitors"
NEWS AND UPDATES
- Lots of formal, specialized training options
- Up-or-out culture
ABOUT THIS COMPANY:* In January 2010, Watson Wyatt finalized its merger with Towers Perrin, forming a new entity: Towers Watson. While the two companies no longer operate independently, the survey information contained int heir profiles was completed prior to the merger. As such, they will remain on the vault website until we are able to survey employees of the newly combined entity.
Masters of HR
Tracing its roots back as far as 1878, Watson Wyatt has a long history of consulting work in the actuarial field; long enough, in fact, that it was offering consulting-style services before the term "consulting" even existed. These days, operating out of more than 108 offices in 34 countries, the company provides human capital and financial management consulting services, advising clients on such issues as compensation, retirement, health care, insurance and investment plans. The firm prides itself on "putting clients first"—an approach that it says "means many things," be it "moving quickly" or "moving mountains." One thing the firm says it always means, however, is that it consults with clients, rather than at them.
The company operates through five segments: benefits, technology and administration solutions, human capital, investment consulting, and insurance and financial services. The benefits practice is by far the largest, accounting for more than half of all annual revenue. The segment’s offerings include the design and management of benefit programs, actuarial services such as funding and risk management strategies, expatriate and international human resource strategies, such as transfer policies and compensation mirroring, mergers and acquisitions advising, and assistance with compliance and governance. The other four segments together make up the remaining portion of Watson Wyatt's offerings, with each contributing somewhere between seven and 12 percent of annual revenue.
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