Category Archives: 2009

April 17, 2010

Cost Reduction and Engagement Survey – Research Provided by Hewitt Associates (April 2009)

By Recruiterpoet - Professionalism With Flare

Provided by http://www.hewitt.com

In early April of 2009, Hewitt surveyed HR executives at 518 U.S.-based companies (representing more than $4 trillion in annual revenue) to understand their cost reduction efforts. In addition to identifying those efforts, the research explored the decision-making process, as well as the perceived impact of those cost-reduction decisions on employee trust and morale.

While the economic environment certainly represents an opportunity for companies to reduce their workforce costs, these reductions need to be evaluated and implemented carefully. By taking some important steps to plan and communicate to employees now, Hewitt believes many companies can significantly enhance their economic position and ability to retain talent when the economic recovery occurs.

Click the link below to view/download a PDF of survey findings highlights.

http://www.hewittassociates.com/_MetaBasicCMAssetCache_/Assets/Articles/2009/Hewitt_Survey_Highlights_Cost_Reduction_and_Engagement_042009.pdf

Leave a comment | posted in 2009, Cost Reduction, Engagement, Hewitt Associates, Survey

March 15, 2010

Hewitt Associates Develops a Second Health Care Reform Report for Business Roundtable –

By Recruiterpoet - Professionalism With Flare

Health Care Reform: Creating a Sustainable Health Care Marketplace (28 Page PDF):

http://www.hewittassociates.com/_MetaBasicCMAssetCache_/Assets/Articles/2009/BRT_Hewitt_HC_Reform_Report_Nov2009.pdf

As health care reform proposals work their way through Congress, companies and individuals are increasingly concerned about the price tag — to the federal budget, but also to their own bottom lines and wallets. Cost estimates for the different bills have primarily focused on the federal budgetary impact of reform.

Business Roundtable, an association of chief executive officers of leading U.S. companies, commissioned Hewitt to prepare a report to evaluate health care reform through the lens of the private sector and to project the likely effect of proposed legislative changes on employer health care costs. The report, Health Care Reform: Creating a Sustainable Health Care Marketplace, concludes that if the cost trends of the past 10 years repeat, by 2019, employment-based spending on health care at large employers will be an average of $28,530 per employee when employer subsidies, employee contributions, and employee out-of-pocket costs are combined. We estimate that if enacted properly, the right legislative reforms could potentially reduce that trend line by more than $3,000 per employee, to $25,435. If we are able to enact broader market reforms that eventually lower future cost increases to an average of 4% per year, we could potentially reduce average per-employee costs further to $23,151 per employee by 2019.

Our report addresses four key questions:

Of the reform initiatives currently being considered that intend to curb the rate of health care cost growth, which ones are likely to have a significant impact on the health care economy at large?
What missing ingredients should be added to current proposals to enhance their potential to reduce future cost trends?

What are the risks that could undermine the realization of these cost savings?
What can be done longer-term to restructure the current health care delivery system in order to reduce annual health care cost trend to a sustainable rate, such as the overall rate of GDP growth (approximately 4% per year)?

This is the second report Hewitt has developed for Business Roundtable. In September 2009, Hewitt wrote Health Care Reform: The Perils of Inaction and the Promise of Effective Action, which explores the cost of inaction around health care reform and identifies ways to build an improved, and more efficient delivery system.

Leave a comment | posted in 2009, Health Care, Hewitt Associates, Report

February 26, 2010

Hewitt Associates Top Companies for Leaders 2009 Study Results Reveal Leadership Is More Important Than Ever

By Recruiterpoet - Professionalism With Flare

Go to direct URL to choose individual country lists:

http://www.hewittassociates.com/Intl/NA/en-US/KnowledgeCenter/ArticlesReports/ArticleDetail.aspx?cid=4336&WT.ac=popart_L02_022210

Choose a location/language:

Argentina (Spanish) Latin America (Spanish)
Austria (German) Mexico (Spanish)
Canada (French) Puerto Rico (Spanish)
China (Chinese) Switzerland (French)
Germany (German) Switzerland (German)
Hungary (Hungarian)

On behalf of Hewitt Associates, FORTUNE Magazine, and The RBL Group, we would like to thank each of the companies who participated in the 2009 Top Companies for Leaders study. Thanks to their support, our efforts to identify companies who successfully attract, develop, and retain leaders resulted in the most comprehensive longitudinal study of talent and leadership around the globe. The 2009 findings not only shed light on the specific programs and practices that drive the success of Top Companies in developing leaders, they also uncover how these companies are wrestling with leadership challenges amid the current economic environment.

Out of 537 global participants, we identified 217 finalists who were ultimately considered for the Top Companies for Leaders regional and global lists. Our most competitive field to date, an independent panel of judges in each region had the difficult task of making the final selections. This year’s winners were announced in the December 7, 2009 issue of FORTUNE Magazine.

View the FORTUNE articles.

View our 2009 Research Highlights. (PDF format)

Hewitt’s Top Companies for Leaders Benchmark Report: Find out where you are. Learn where you need to go. Plot a course to get there.

Our research has found that the Top Companies for Leaders are never satisfied and use a number of tools in their leadership and talent planning efforts. In short, they bring a “measurement mind-set” to the often inexact process of developing the next generation of leaders. The 2009 Top Companies for Leader Benchmark Report can help your organization bring a “measurement mind-set” to the evaluation of its leadership and talent programs and practices; identifying strengths, diagnosing gaps, and providing valuable insight to inform strategy, planning, and budgeting efforts.

Learn more about how you can benchmark your organization against the 2009 Top Companies for Leaders.

About the Research

Initiated by Hewitt Associates, the Top Companies for Leaders Study is the most comprehensive longitudinal study of talent management and leadership practices around the globe. Our first results, published in 2002, uncovered a link between financial success and great leadership practices, and identified differentiating elements found only in Top Companies. We conducted the study again in 2003, 2005, and 2007, and this research provided the foundation for our more comprehensive 2009 global study. Over 500 companies participated, each completing a detailed questionnaire. From those submissions, finalists were identified and hundreds of interviews were conducted with senior executives. From these inputs, we are able to compare the talent management practices of the best companies around the globe on literally hundreds of data points. In our analysis, we found the gaps between the Top Companies and all others are often quite dramatic. Hewitt conducted the 2007 and 2009 Top Companies for Leaders Study in partnership with Fortune and The RBL Group.

Our Study Partners

Hewitt Associates (NYSE: HEW) provides leading organizations around the world with expert human resources consulting and outsourcing solutions to help them anticipate and solve their most complex benefits, talent, and related financial challenges. Hewitt works with companies to design, implement, communicate, and administer a wide range of human resources, retirement, investment management, health care, compensation, and talent management strategies. With a history of exceptional client service since 1940, Hewitt has offices in more than 30 countries and employs approximately 23,000 associates who are helping make the world a better place to work. For more information, please visit http://www.hewitt.com.

FORTUNE is a global leader in business journalism known for its unrivaled access to industry leaders and decision makers. Founded in 1930, FORTUNE magazine has a worldwide circulation of more than 1 million and a readership of nearly 5 million and is home to some of the strongest business franchises including FORTUNE 500©, FORTUNE 100 Best Companies to Work For, the World’s Most Admired Companies, Fastest Growing Companies, and Most Powerful Women. FORTUNE Live Media extends the brand’s mission into live settings, hosting a wide range of annual conferences for top-level executives, including the FORTUNE Global Forum and the Most Powerful Women Summit. FORTUNE magazine’s online home is http://www.CNNMoney.com, the most visited and utilized business destination Web site, attracting nearly 10 million unique visitors per month, according to Nielsen/NetRatings. FORTUNE, along with MONEY and CNNMoney.com, is part of The Fortune|Money Group, a division of Time Inc., a subsidiary of Time Warner, a leading media and entertainment company.

The RBL Group is a strategic HR and leadership systems advisory firm. For over 25 years, its principals have collaborated with leading global organizations to strategically align corporate and business strategy to ensure sustainable high performance through the integration of theory, applied research, and practice. The RBL Group has trained and redesigned some of the best-managed companies in the world, helping them achieve significant improvements in bottom-line results. It is recognized internationally for innovative research and publications on leadership, intangible assets, and strategic HR, including hundreds of articles, more than 400,000 books sold, numerous industry awards, and recognition as outstanding educators and advisors by leading business publications. For additional information about The RBL Group, its principals and expertise, please visit http://www.rbl.net.

Leave a comment | posted in 2009, Great Employees, Hewitt Associates, Top Companies

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