Rising health care costs Oct 7, 2009
1 = deductibles, co-payments and co-insurance; 2 = projectedSource: Hewitt Associates. HEALTH UPDATES ON TWITTER. (USA Today -- Money)
Corporate India's crore-plus payclub expanding Oct 5, 2009
The economic prosperity in the country has created demand for talent and along with it, the affordability for companies to pay such salaries, said Sandeep Chaudhary, performance and rewards practice leader at consulting firm Hewitt Associates. At present, Bharti Airtel has the highest number of Rs 1-crore-plus earners among companies that disclose details of their highly-paid executives in their annual reports. (India Times)
Study: Health-care rates to rise 6% in 2010 Sep 30, 2009
Health-care rates are projected to increase about 6 percent for employers in 2010, according to an analysis by Hewitt Associates, a global human resources consulting and outsourcing company. In 2009, average health care premiums also increased 6 percent, consistent with 2008. (San Jose Business Journal, CA)
Skyrocketing Employer Health-Insurance Premiums Sep 16, 2009
The report, prepared by the consultants Hewitt Associates (), highlighted how critical an overhaul of the current health-care system is to the nation's businesses, even while recent polls show waning public enthusiasm for an overhaul. "Maintaining the status quo is simply not an option," Eastman Kodak () CEO said in presenting the. (BusinessWeek)
Survival Stories and Lessons from the Crash Sep 12, 2009
According to data from benefits consulting giant Hewitt Associates (), the typical employee had 14% of his or her 401(k) account invested in company stock in August, down from 18% around the time Lehman collapsed. (Those statistics are based on outflows from company stock accounts as well as the movement of the market. (BusinessWeek)
Workers will still spend on benefits, survey says Sep 3, 2009
Very few people have the same benefits needs year after year, but surveys by benefits consultant Hewitt Associates show that nearly 70 percent of participants default to their previous choice. Don't assume that a recession means companies are cutting back on benefits. (MSNBC -- Business)
Many jobless holding out for big salaries Aug 31, 2009
Hewitt Associates, Inc. (Hewitt) is a global provider of human resource benefits, outsourcing and; Russell FradinChairman of the Board, Chief Executive Officer John ParkChief Financial Officer From The Lists Your resource for everything related to business in Chicago ... Salary increases in Chicago were in line with the national average, which dropped below 3% for the first time since Lincolnshire-based Hewitt Associates LLC began tracking pay data in 1976. (Crain's Chicago Business)
Female, old and very poor Aug 30, 2009
" Two recent US studies of participants in large-company plans provide further evidence of the gap in retirement savings that exists between men and women. Vanguard, a unit trust company that also manages retirement plans, reported that in 2007 womens retirement savings were on average 40 percent lower than mens. A more recent study by Hewitt Associates put this gap closer to 44 percent. More career interruptions Megan Butler, research actuary at Old Mutual Actuaries and Consultants, says one... (iAfrica.com)
Unlocking Ghanas Services Export Potential Aug 23, 2009
According to a study conducted by Hewitt Associates into the BPO industry in Ghana in 2006, the sector is capable of generating at least 24,000 jobs over the five-year period 2006-2010. Despite the existence of a considerably developed built-industry sector comprising such professional services like engineering, architecture, planning, survey, etc, Ghana has yet to take full advantage of opportunities within the construction and allied engineering services sector in post-war Liberia and Sierra... (Ghana Web, Ghana)
Unemployed workers flock to COBRA Aug 19, 2009
The result has been a doubling of enrollments, according to an analysis by Hewitt Associates, a human resources consulting firm. From March through June, the firm found monthly enrollment rates for eligible workers averaged 38. (ABC News -- Business)
Health Care Reform Advocates Look to Kaiser Model For Clues Aug 14, 2009
Recently, Kaiser asked the research firm Hewitt Associates to use its Health Value Initiative measure to compare Kaiser with other health plans in the mid-Atlantic region. Kaiser came out as the most cost-efficient plan. (Investors Business Daily)
Pay Raises Are The Worst In 33 Years Aug 12, 2009
8% bump in salary, according to a survey by the HR consultancy Hewitt Associates. That increase, the smallest in at least 33 years, doesn't even keep up with inflation. (Time.com)
Hewitt rises as company boosts full-year outlook Aug 5, 2009
Hewitt Associates, Inc. (Hewitt) is a global provider of human resource benefits, outsourcing and; Russell FradinChairman of the Board, Chief Executive Officer John ParkChief Financial Officer From The Lists Your resource for everything related to business in Chicago. 43. (Crain's Chicago Business)
Noble Group to Report Interim 2009 Financial Results on 13 August 2009 Aug 3, 2009
During this period, the Group was recognized as one of BusinessWeek's Stars of Asia and a Best Employer by Hewitt Associates. For further details please contact: Mr. Stephen Brown Noble Group Limited Tel: +852 2250 2060 Fax: +852 2861 0018 Email: Mr. Brad Smolar Smolar Limited Tel: +852 6339 3396 Fax: +852 2573 2473 Email. (PR Newswire)
GA taps Hewitt Associates for HR services Jul 30, 2009
-based Hewitt Associates (NYSE: HEW) will provide Flexible Benefit Administration services to 130,000 state employees and Your Total Rewards, a personalized, online product that gives employees a real-time summary of the total value of their pay and benefits, to 80,000 state employees. With their demonstrated leadership position in outsourcing and unparalleled technology, it was clear that Hewitt was the right HR partner for our organization, said Steve Stevenson, commissioner for the Georgia... (Atlanta Business Chronicle, GA)
Ron Malzer: It’s time for real health care reform Jul 29, 2009
A Hewitt Associates national survey found that close to one out of every five employers is planning, over the next three to five years, to drop health coverage for workers. We need a health care system that incorporates three basic principles: 1) coverage for all access to health care must be a right; 2) affordability and controlled costs reasonable pricing of health services is essential, with pharmaceutical companies, insurance companies and health care providers all subject to mechanisms that... (La Crosse Tribune, WI)
Highest salary hikes Jul 27, 2009
As per a mid-year survey on 'Performance d Trends' by Hewitt Associates, pharma sector saw the highest salary hike of 11. 1 per cent for FY 2009-10, followed by manufacturing (10. (India Times)
Debate: Leave 401(k) invested, or pull it? Jul 22, 2009
In a recent study, researcher Hewitt Associates found that most 401(k) participants didn't change their behavior much in 2008. Just 20 percent did any trading in their accounts, while 23 percent took out a loan and a mere 1 percent pulled out money permanently as hardship withdrawals, figures comparable to prior years. (AZCentral -- Business)
In the New Job Market, Who Wins? Jul 17, 2009
" Just one example: Speaking at a conference in early June, former Environmental Protection Agency head Christine Todd Whitman said that Miami Dade College teamed up with Florida Power and Light to train nuclear engineers. The graduates had well-paying jobs as soon as they graduated. Boomers Will Continue to Hog Jobs Boomers have always been a hard-working group, clocking the highest participation rates in the workforce and inflating the job numbers of each age cohort they pass through. They are... (CBS News -- Evening News)
Singletary: Why the investment gap? Jul 14, 2009
Now, Ariel Education Initiative, the company s nonprofit affiliate, and Hewitt Associates, a human resources consulting firm, have released what they describe as a groundbreaking study showing that minorities still aren t investing in corporate 401(k)s at the same rate as whites and Asians. The two companies found after analyzing 401(k) information for nearly 3 million employees at 57 large, primarily Fortune 500 businesses, that regardless of age or income, African-American and Hispanic workers... (Green Valley News & Sun, AZ)
Blacks, Hispanics set aside less Jul 8, 2009
The analysis, released Tuesday, was done by business consultant Hewitt Associates and a nonprofit educational foundation of Chicago-based Ariel Investments. advertisement. (MSNBC -- Business)
5 Keys to Retiring Within 5 Years Jul 7, 2009
"We have gotten lulled into a sense of security. The financial crisis should force us to pay much more attention to how much we can lose." After stuffing their retirement accounts with stocks for more than a decade, workers, on average, held less than half of their 401(k) money in stocks in early 2009, according to the human resources consulting firm Hewitt Associates. That's mostly on account of market declines, but it also represents a shift to more conservative investments. (Yahoo News -- Top Stories)
Judson Green joining Hewitt board Jul 2, 2009
(AP) Human resources consulting and outsourcing company Hewitt Associates Inc. said Wednesday that Judson Green will join its board ... Shares of Hewitt Associates added 7 cents to close Wednesday at $29. (Crain's Chicago Business)
Watson Wyatt Shares Slide, Deal Concerns Cited Jun 30, 2009
The combined company, Towers Watson ill be a more powerful rival to businesses such as Hewitt Associates and Mercer, a subsidiary of Marsh nan Companies , during a time when clients have curbed discretionary spending. The deal was in the works for more than a year and driven by strategic reasons, said a source familiar with the matter, who asked not to be named because he was not authorized to speak publicly about the deal. (ABC News -- Wire)
The Midyear Employee Review Takes On More Weight Jun 28, 2009
"It's not going to be about money this year," says Hewitt Associates () consultant Scott Cohen. Some executives are so worried about holding on to their best people that they're sharing the wealth with top players early. (BusinessWeek)
Companies rethink 401(k) plan contributions for employees Jun 25, 2009
Large companies can save an average of $25 million a year by eliminating matching 401(k) contributions, according to an analysis by Hewitt Associates. But 96% of executives said a company match is an important feature of their 401(k) plan, according to the CFO Research survey. (USA Today -- Money)
Regulators take a hard look at rules for target-date funds Jun 18, 2009
In addition, target-date funds "can be a great option for people that don't want to go to a lot of trouble every year to rethink their asset allocations," says Byron Beebe, U.S. retirement market leader for Hewitt Associates. Still, Beebe says, workers need better information about the mix of investments in their target-date funds. (USA Today -- Money)
Your Career: Furlough frenzy Jun 5, 2009
Another recent survey by human resource company Hewitt Associates survey of 518 U.S. firms found that 70 percent had implemented or were considering implementing furloughs. Even though its better than the alternative getting laid off it still can cause economic hardship for employees, and it could come back to haunt employers. (MSNBC -- Business)
Cut salaries instead of jobs Jun 2, 2009
"It has always been off limits," says Ken Abosch, who heads up the North American compensation practice at human resource consultancy Hewitt Associates (HEW). "The rationale has always been that it creates very deep emotional scars and very concerning issues about morale, distraction, and productivity.". (India Times)
Financial slip-ups can pack a punch May 31, 2009
Researcher Hewitt Associates reports that nearly one in five people made hardship withdrawals from a 401(k) plan last year. Withdrawals are hazardous because people pulling out money before age 59 1/2 face state and federal taxes plus a 10 percent tax penalty. (AZCentral -- Business)
Newsweek: Retirement? Good luck with that May 28, 2009
A Hewitt Associates survey cited by the Journal said 19 percent of companies want to cease offering insurance over the next three to five years. Like Jonathan Weber, a small-business owner and blogger at the , more owners are why they have to provide health care to employees. (MSNBC -- Business)
Your Company's Sinister Plan To Sabotage Your 401(k) May 28, 2009
A Hewitt Associates survey cited by the Journal said 19 percent of companies want to cease offering insurance over the next three to five years. Like Jonathan Weber, a small-business owner and blogger at , more owners are why they have to provide health care to employees. (Slate)
`Luxury' Tata Nano's Success Helps Renault, Toyota Avoid India Price War May 26, 2009
2 percent this year, after six successive annual increases of more than 10 percent, human resource consultant Hewitt Associates Inc. said in February. Toyota plans to introduce a small car in India in 2010, with an initial annual production target of 70,000 units, said , a company spokesman. (Bloomberg)
Crash tested our financial determinism May 24, 2009
7 percent in 2007, according to researcher Hewitt Associates. About 74 percent of eligible workers participated in their 401(k) plans in 2008, similar to the prior year's number. (AZCentral -- Business)
Investors rethinking old rules following big market losses May 17, 2009
Meanwhile, investors today hold just 49 percent of their 401(k) retirement money on average in the stock market, down from a peak of 74 percent in 2000, according to researcher Hewitt Associates in Chicago. Market losses account for much, if not most, of that decline, but the numbers also suggest investors aren't rushing back into the market to take advantage of today's lower prices. (AZCentral -- News)
Cut the fries, cheeseburger, earn a bonus May 11, 2009
Frank B. McArdle, a health policy expert at Hewitt Associates, a benefits consulting firm, said, "Wellness and prevention programs have become a mainstream part of the benefits offered by large employers, and it's virtually certain that Congress will include incentives for such programs" in its bill. The goals of such programs are to help people control blood pressure, fight obesity and manage diabetes and other chronic conditions. (Albany Times Union)
Is It Time to Cash Out? May 7, 2009
A 2005 survey from Hewitt Associates showed that almosthalf of employees took a cash distribution of their 401(k) plan when leaving a company. Not because they needed the cash for a new roof or medical care, but simply because they were switching jobs. (MSNBC -- Business)
Downturn effect: Double-digit salary hikes a thing of past! May 6, 2009
Meanwhile, Hewitt Associates in its annual salary increase survey has revealed that Indian companies are projected to witness an average salary hike of 8. 2 per cent in 2009, the highest in the Asia-Pacific region. (India Times)
Chicago-area firms wary of Mexico travel amid flu outbreak Apr 29, 2009
Hewitt Associates Inc., which has more than 50 employees at its Mexico City office, has deferred any travel to and from that office and the United States. Corn Products International Inc. has encouraged its employees refrain from traveling to Mexico, where the company has three plants and a division headquarters. (Crain's Chicago Business)
'60 Minutes' unfair in its 401(k) attack? Apr 28, 2009
The typical 401(k) balance isn't very aggressive, with half in the stock market and the rest in more conservative investments, Hewitt Associates reports. The show also criticized another perceived 401(k) problem: fees. (AZCentral -- Business)
Plan for '09 taxes now, not later Apr 19, 2009
Human-resources consultant Hewitt Associates notes many firms are doing just that as they, too, struggle to save cash ... About 45 percent of workers cash out of 401(k)-style plans when they leave or lose a job, triggering taxes in the process, Hewitt Associates reports. (AZCentral -- Business)
Indias 10 best employers Apr 10, 2009
Hindustan Zinc, Taj Hotels Resorts and Palaces, ITC-Welcomegroup, and LG Electronics India are among Indias 25 best employers, according to a recent study by Hewitt Associates. Hewitt, in its sixth 'Best Employer in India Study 2009' in partnership with magazine Outlook Business, has enlisted these companies, led by HCL Technologies, which provide the best working environment for employees. (India Times)
Financially pinched companies snip employee benefits Apr 7, 2009
One in five companies plan to change their severance plans, according to a survey by the consulting firm Hewitt Associates. Of those, 43% plan to reduce cash payments, and 21% expect to slash other severance benefits. (USA Today -- Money)
Smaller budgets for salary increases and bonuses Apr 4, 2009
Reducing budgets for salary increases and bonuses is a normal response as organisations turn cautious in their decision-making, Hewitt Associates Sdn Bhd compensation consulting lead Madhvi Pande explains. Hewitts survey of 50 organisations across industries reveals that 54% of the respondents are considering redesigning their incentive programmes for their employees. (The Star Online, Malaysia -- Business)
'HCL Tech country's best employer' Apr 3, 2009
NEW DELHI: Software major HCL Technologies is the country's best employer for creating a positive work experience for employees and its long-term approach amid challenging conditions, says a study by global HR consultancy Hewitt Associates. Hewitt Associates, in its sixth 'Best Employer in India Study 2009' in partnership with magazine Outlook Business, has enlisted the country's 25 companies, led by HCL Technologies, which provide the best working environment for employees ... "Our study... (India Times)
As Layoffs Mount, Severance Packages More Negotiable Apr 1, 2009
Building up the gumption to ask for a better deal is particularly important today as struggling companies offer less: nearly a tenth of firms are on the cusp of reducing cash payments, according to a survey by the consultancy Hewitt Associates, and a good many are cutting back on benefits too. (). (Time.com)
Stock market losses take a personal toll on investors Mar 24, 2009
8%, according to Hewitt Associates. That is down from 68. (USA Today -- Money)
Beware of higher tax bill before dropping 401(k) Mar 22, 2009
About 6% of participants stopped putting money in their accounts in 2008, said human resources consultant Hewitt Associates ... Hess of Hewitt Associates shares that concern. (USA Today -- Money)
'Young invincibles' OK with risk of no insurance Mar 21, 2009
Sources: National Coalition on Health Care, CNN/Opinion Research, Hewitt Associates. "In the days when I was an independent contractor, I was only concerned with the fallout from an accident," said 34-year old McPartland. (CNN)
More details given on COBRA subsidies Mar 20, 2009
"It answers a lot of questions, but moreover, it gives employers a template to work with," said J.D. Piro, leader of Hewitt Associates' Health Management Legal Consulting Group. "There's almost no lead time on this. (Employers) have to get these systems up and running, and this gives them some guidance on major questions around what to tell employees.". (San Francisco Chronicle -- Business)
Ideas in Action: Anna Bogojevic with iSource Consulting Group Mar 19, 2009
Bogojevic then worked at Hewitt Associates, a management consulting firm focusing on human resources. It was while working at Hewitt that she met Brittingham. (Dallas Business Journal, TX)
Want a job? Try health care Mar 19, 2009
com, Hewitt Associates. "I would do this over a hundred times," she said. (CNN -- Law)
Preventive care not always cost effective Mar 18, 2009
com, Hewitt Associates. Welch likens early screening to the check engine light on a car, occasionally picking up abnormalities that don't affect the vehicle's performance. (CNN)
Salary increments in India Inc to dip Mar 16, 2009
These findings were revealed by the 13annual Salary Increase Survey conducted across 480 companies by Hewitt Associates, a global human resources consulting and outsourcing company. The companies considered in this survey comprised foreign-owned , locally owned and joint-venture companies spanning across 20 primary industries and 23 sub-industries. (India Times)
Crucial to engage staff Mar 10, 2009
Hewitt Associates consultant Yap Yoke Wah said organisations that had highly engaged employees had better financial results and were more capable in building a sustainable business model. Our research shows that the best employers have a revenue growth of about 22% year-on-year and are still able to yield such results despite the downturn, she told StarBiz. (The Star Online, Malaysia -- Business)
Recession finds even those with jobs losing pay Mar 9, 2009
While earnings for commission-based workers drop quickly, those paid in wages will endure a somewhat slower pay decline this year, said Ken Abosch, head of the North American practice for Hewitt Associates compensation consultants. A Hewitt survey of 640 companies found they planned to raise hourly wages 2. (AZCentral -- News)
Aecon Reports Record Results for 2008 Mar 4, 2009
- In December 2008, the Globe & Mail and Hewitt Associates recognised Aecon as one of the Best 10 employers in Canada. - Average weekday traffic on the Cross Israel Highway in December 2008 surpassed 97,000, a 4% increase over December 2007. (CCNMatthews Press Releases)
2009 salary report: Hewitt sees pay growth, lesser layoffs Feb 20, 2009
According to a survey by Hewitt Associates, an HR consultancy firm, salaries would continue to rise and layoffs are not on employers mind. 63% of the organisations surveyed are going to be looking at hiring, Sandeep Chaudhry, Business Leader at the consultancy firm, said. (Moneycontrol.com)
Smita Anand, regional director, Asia Pacific, Hewitt Associates Feb 19, 2009
Markets still value right talent- Interviews-Opinion-The Economic Times. Markets still value right talent19 Feb 2009, 0047 hrs IST, Bhanu Pande, ET Bureau. (India Times)
A happy worker is a cheaper worker Feb 19, 2009
Stress tends to affect about 28 per cent of highly engaged employees compared with 39 per cent of disgruntled workers, according to consultancy Hewitt Associates' annual survey of 115,000 Canadian employees. The survey asked how many days employees missed in the past six months due to emotional, physical or mental fatigue, and found organizations with low engagement scores recorded more than twice as many days off on average than high-engagement employers. (Globe and Mail -- Business)
Hewitt reports higher profit, outlook Feb 10, 2009
(Reuters) Human-resource services company Hewitt Associates posted a higher-than-expected quarterly profit, helped by better operating margins, and raised its earnings forecast for 2009, sending its shares up as much as 7 percent ... Hewitt Associates, Inc. (Hewitt) is a global provider of human resource benefits, outsourcing and; Russell FradinChairman of the Board, Chief Executive Officer John ParkChief Financial Officer From The Lists Your resource for everything related to business in... (Crain's Chicago Business)
Something to consider at your next staff pajama party Feb 8, 2009
The company, which was ranked No. 6 in Hewitt Associates' recent best employers in Canada list, is reining in some spending delaying some technology projects and building new offices. But despite the sorry state of the stock market, it still expects to hire this year. (Globe and Mail -- Business)
McDonald's supersized retirement plans Feb 7, 2009
"African Americans are distrustful of the financial system because it has excluded them for generations," says Andrs Tapia, chief diversity officer at Hewitt Associates, the benefits-consulting giant. Hewitt's research shows that African Americans consistently put home ownership and college ahead of retirement goals. (MSNBC -- Business)
