Hewitt Associates News Archives

“A lot of diversified mutual funds in their 401(k)'s probably own those shares”

BY helping Bear Stearns avert a potential bankruptcy, the federal government essentially declared the venerable investment bank too important to fail. via New York Times

Shares of payroll processor Paychex defied the continuing slide in the markets today, rising a few percentage points after reporting earnings yesterday evening. via Fool.com

Hewitt Associates Inc. said it agreed to acquire CSi: The Remuneration Specialists, an Australian firm that specializes in providing pay-related data and related consulting services.

The Lincolnshire -based human-resources consulting and outsourcing concern didn't disclose terms of the acquisition.

Perry Brandoff, presidentof Hewitt's consulting group, called CSi 'a great addition to the Hewitt portfolio,' and the company also called the Australia a 'natural fit,' since Hewitt has 'been looking to strengthen its compensation analytics capabilities in Asia pacific.' Read more

“This acquisition further demonstrates Hewitt's focused growth agenda”

Hewitt Associates has acquired New Bridge Street Consultants, a specialist in compensation consultancies in the United Kingdom, expanding the human resources company's global presence. via News-Sun

Students completing their master's degree this year, take note. According to a survey by CollegeGrad.com, the top 100 Master's Employers for 2008 include the community service organization Americorps, which ... via Chicago Sun-Times

Hewitt Associates Inc. said it acquired closely held New Bridge Street Consultants, a British consulting company that specializes in compensation issues.

The Lincolnshire provider of human-resources consulting and outsourcing services didn't disclose terms of the acquisition.

The purchase, said Chairman and Chief Executive Officer Russ Fradin, should be seen as evidence of 'Hewitt's focused growth agenda.'

The company, he said 'will continue to expand our global footprint and enhance our human-resources capabilities, and we are confident the New Bridge Street leadership can help us accelerate our growth in one of our critical consulting practice areas.' Read more

“You can imagine the business payback there is _ higher productivity and better service. "So it's really a win-win thing that we measure and that the judges are looking for”

We all know the cliche "good companies are good to their people and that's good for business". This still rings true, according to Simon Keeley, head of engagement and culture for Hewitt Associates, which ... via The Age

“Employers [are] under more pressure than ever to effectively manage two sides of the retirement equation: minimizing risks and unnecessary costs, while optimizing the benefit that employees will get from their retirement programs”

Has your retirement-benefits department done anything for you lately? It's time to check, as pressure mounts to lower fees and boost services to participants in workplace savings plans such as 401 's. In a poll ... via The Baltimore Sun

CONRAD BLACK: Lawyers for the jailed former newspaper magnate appealed his case Friday, saying federal prosecutors failed to muster adequate evidence that he defrauded anyone or tried to hide key documents. via Chicago Tribune

“This settlement will ensure that all pension plan participants will receive all the funds to which they are entitled”

More than $11 million will be restored to the settlement fund for former Enron Corp. via Monterey County Herald

“If I hadn't done that, we would have been foreclosed on last year”

About 85% of employers bar employees from making 401 contributions for six months after taking a hardship withdrawal, says Pamela Hess, director of retirement research at Hewitt Associates. via Prometheus 6

Hewitt Associates, a global management consulting company, announced the launch of The Hewitt Academy for Strategic HR in Dubai. via AME Info

Jocelyn Purtell has joined Mercer ' s outsourcing business as Head of US Operations, effective April 1, 2008. via Business Wire

“Over the past several years, we've seen a significant number of companies make plan design changes - including freezing or closing their defined benefit plans - which is due, in part, to stricter funding rules and increased costs and cost volatility”

Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last ... via InvestmentNews