BNET Industries
Hewitt Associates LLC (HEW) is in the Business Services Industry
- Revenue
- Sep 30 2007
- $2.9B
- Profit
- Sep 30 2007
- ($175.0M)
- Market Cap
- May 09 2008
- $3.7B
Latest News and Analysis
Global Salary Planning Report: 2005 and 2006
This paper on global pay planning presents the 18th annual compilation of salary increase information from around the world. In all, 34 countries and 4,408 employers are represented. Salary Increase budgets are a function of multiple elements including macro-economic (the economy as a whole), micro-economic (business specific issues) as well...
Three Generations Prepare for Retirement
The retirement system is evolving. As defined contribution plans become increasingly central to employees' retirement income security, more responsibility for retirement financial preparedness is shifting directly to employees. Whereas employees may have once been able to rely heavily on pension plans and retiree medical benefits, in employer-sponsored retirement programs of...
Pension Asset Pooling for Multinational Companies
There have been new developments surrounding asset pooling issues due to demand from leading multinationals and the creation of a suitable product offer from custodians. While only a few multinationals have implemented asset pooling solutions so far, a number of others have expressed interest in implementing these solutions. This paper...
Hewitt Survey Reveals New Employer Trends in Retirement
Despite continued efforts to educate employees on the importance of saving for retirement, many companies do not feel workers are stepping up to the challenge, according to a new study by Hewitt Associates, a global human resources services firm. To address these concerns, an increasing number of companies are implementing...
Survey Findings: Hot Topics in Retirement - 2006
In October/November 2005, Hewitt Associates surveyed human resources professionals to learn their likely areas of focus and action over the next year regarding their defined contribution plans and defined benefit plans for their active salaried U.S. employees. Responses from 227 employers were received by the survey deadline. Employer priorities reflect...
HR BPO Grows Up: In Five Short Years, HR BPO Establishes Itself as a Highly Effective Business Solution
In 1999, after undergoing a series of successful mergers and acquisitions, British Petroleum (BP) realized that they needed more than just a technological overhaul to get their HR (human resource) function running most efficiently. Determined to achieve substantial cost savings while also enabling their HR professionals to focus on adding...
Presenting Big News in Human Capital Management
Hewitt's Human Capital Foresight (HCF) brings rigorous financial analysis to human resources, for the first time connecting the capital and labor markets. Using the most comprehensive HR database available, HCF quantifies the economic value of a company's human capital and predicts the effect specific HR investments will have on shareholder...
Global Retirement Update
This paper summarizes recent legislative developments and trends related to retirement and financial management and highlights recently passed and pending legislation that may require employers to take action to comply with new rules or review existing plans. Pension reform bills continue to make their way through the U.S. Congress, and...
Retirement Plan Accounting Assumptions at Year-End 2005
This paper provides a range of expected discount rates based on economic indices as of November 2005, as well as some comments regarding the selection of discount rates, expected rates of return on assets, and inflation assumption for the purposes of complying with U.S. and/or international accounting standards. The discount...
Hewitt Study Highlights Squeeze on Retirement Savings
A recent study by Hewitt Associates, a global human resources services firm, found that employees who do not contribute to their 401(k) plans can expect to replace as little as 52 percent of their annual preretirement income when they retire - well short of an average retiree's income needs. This...
Hewitt Study Finds Employers Lack Control Over Global Retirement Benefits
Despite the mounting cost of retirement programs and the increasing complexity of governmental compliance, a majority of global employers lack control over their retirement benefits, according to research by Hewitt Associates, a global human resources services firm. Hewitt's study of more than 100 large, multinational organizations located in Europe and...
Hewitt Associates to Provide HR BPO Services to Wachovia Corporation
Hewitt Associates (NYSE: HEW), a global human resources services firm, will provide HR business process outsourcing (BPO) services to Wachovia Corporation (NYSE: WB), one of the nation's largest financial services providers. The deal is an expansion of the companies' long-standing HR partnership, as Hewitt has provided benefits outsourcing and HR...
Global Survey of Retirement Plan Accounting Assumptions
This paper presents the results of Hewitt's global survey of fiscal 2004 year-end accounting assumptions for employee benefit plans. It includes information for 20 countries, as well as aggregated results for countries in the Euro Zone. The paper also provides a range of expected discount rates based on economic indices...
Renewing the Benefits Outsourcing Relationship
Considering the substantial cost and business impact of a multiyear benefits outsourcing relationship, it's often well worth the up-front time and expense required to effectively research and implement the best option for your company. Hewitt has developed a number of best practices that help ensure a successful outcome for all...
Hewitt Study Shows Nearly Half of U.S. Workers Cash Out of 401(k) Plans When Leaving Jobs
Despite the growing need for employees to save for retirement, a significant number of workers participating in 401(k) plans "cash out" of them once they leave their company, according to new research by Hewitt Associates, a global human resources services firm. Hewitt's study of nearly 200,000 workers who participate in...
Hewitt Study Shows More Companies Putting 401(k) Plans on Autopilot
This article reports that employers encourage retirement saving by automating and simplifying 401(k) plan features. An increasing number of employers are stepping up their efforts to encourage workers to save and invest for retirement by offering tools that put their 401(k) plans on autopilot. It also reports that in addition...
Next-Generation Talent Management: Insights on How Workforce Trends Are Changing the Face of Talent Management
As the importance of people to the bottom line grows, the rules for managing people are dramatically changing. Demographics, economic, technological, and sociopolitical phenomena are driving the most drastic workforce changes in decades, creating a workforce that's more diverse, mobile, informed, and in demand than ever before. Alarmingly, most organizations...
HR Outsourcing: Trends & Insights - 2005
Years ago, HR organizations began to realize their focus on administrative activities impinged on their ability to deliver high-value services. The skills and talents of their people were being underutilized and HR was at risk of being marginalized. Outsourcing administrative activities to allow the HR organization to focus on the...
Strategies in Latin America for Cost Management of the HR Function
In March 2004, Hewitt Associates conducted a survey on strategies for managing costs attributable to the programs and processes managed by the HR department. HR leaders from 87 Latin American companies or Latin American regional offices or subsidiaries of other global companies participated. These companies were located primarily in seven...
A Fresh Look at the Logic of HR Outsourcing
In light of uncertainty in the software marketplace, many companies are concerned about their investments in enterprise resource planning (ERP) systems and are not only wondering what software providers will be around for the long-term but are also evaluating their options. Through outsourcing, companies can get rid of the expense,...
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- Incorporated: 2002
- CEO: Mr. Russell P. Fradin
Hewitt Associates is a global provider of human resources outsourcing and consulting services in 33 countries. Co. assists clients generating value from their employees by addressing challenges presented by their people, workforce performance, and human resources operations. Co. operates three business segments: Benefits Outsourcing, Human Resource Business Process Outsourcing and Consulting, which help clients develop, implement, and deliver strategies and programs that ensure human resources business process design, administration, and technologies as well as manage human elements necessary to acquire, develop, motivate, and retain the talent required to meet business objectives.
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Hewitt Associates LLC Company Info
Board of Directors
Mr. Russell P. Fradin
Chairman
Mr. Thomas J. Neff
Mr. Alex J. Mandl
Ms. Julie S. Gordon
Ms. Michele M. Hunt
Mr. Cary D. McMillan
Mr. Steven A. Denning
Mr. Michael E. Greenlees
Mr. Steven P. Stanbrook
Ms. Cheryl A. Francis
Contact Information
100 Half Day Road
Lincolnshire, IL
847 295-5000
