The Company
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, financial and risk management. With 14,000 associates around the world, we offer solutions in the areas of employee benefit programs, talent and reward programs, and risk and capital management.
The Business
Towers Watson’s Reward, Talent & Communication consultants provide the strategy, design and execution support essential for paying people appropriately and enabling organizations to attract, retain, motivate, and engage employees efficiently and cost-effectively.
We rely on market-leading models, research and data to ensure that reward programs are competitive and aligned with performance goals, and meet employee needs while delivering the greatest impact to the organization’s bottom line.
Our portfolio of services includes:
- Global total rewards philosophy development
- Career frameworks
- Job family architecture
- Compensation benchmarking and structures
- Broad-based employee incentive plan design
- Reward program implementation
- Assessment of ongoing effectiveness
We help companies define peer groups, benchmark and price jobs and create enterprise-wide compensation structures. We advise on organizational structure and design and implement job family architecture and job leveling methodologies, factoring in links to competencies and other talent management programs.
Our proprietary approach to job architecture and leveling helps clients create a framework that embeds a consistent and efficient reward strategy across the organization, while also clarifying roles and responsibilities to ensure that every employee knows how he or she contributes to key business goals.