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Rewards & Benefits

All consulting firms offer compensation and benefits for their staff. At Watson Wyatt, the rewards our associates earn for their contribution to Our Clients’ success come in many forms, both traditional and unconventional.

Compensation and benefits

At Watson Wyatt, attracting, retaining and motivating top talent is a key ingredient in growing our business and serving Our Clients.

To do this we:

• Reward business results.

• Reward associates for competency development.

• Reward individual performance.

In the European region, Watson Wyatt has adopted a total compensation approach, whereby all elements of the package are monitored and measured against the market on an on-going basis.

There are three main elements in the package:

• Base salary
  a good base salary which reflects your skills and experience.

• Performance related bonus
  related to your personal performance and achievement of objectives and also related to the overall financial performance of the region.

• Benefits
  A range of competitive and comprehensive benefits plans. These vary by country in accordance with local market drivers and state requirements.

We believe our compensation philosophy is competitive and responsive to the business environment at large.

Some key elements of our philosophy include:

• Fairness
  We pay associates fairly for their contributions to Our Clients’ and Watson Wyatt’s success, regardless of practice, location or length of service.

• Competitiveness
  We are committed to paying associates competitively to ensure we can attract, retain and motivate the most capable and talented people.

• Performance
  The foundation of our compensation philosophy is paying for performance that helps Watson Wyatt achieve its business goals.

• Change
  We continually monitor the effectiveness of our compensation and benefit programs to ensure they serve the needs of associates and the firm.

The Freedom to Excel

Watson Wyatt is a non-hierarchical firm that emphasises teamwork and collaboration. The organisation is refreshingly flat; titles are not used to bestow authority, all employees are on a first-name basis with one another, and associates can play many roles on project teams.

The workplace is characterised by a collaborative environment where people are expected to share expertise and mentor others as appropriate. Teamwork and autonomy are equally important here - it is the combination that makes us successful.

Teams are organised around client needs and not around internal hierarchies. Our consulting methodologies and approaches are developed using multi-level teams, meetings and conferences. Through these mechanisms, Associates are encouraged to provide suggestions for solving even the toughest client problems.

The true leaders at Watson Wyatt do not measure their success in terms of titles, staff size or perks - but in the trust and respect they have earned among their colleagues for their thought leadership, integrity and relentless pursuit of client satisfaction.