2000-2006
- Establishes Japanese joint venture with Human Link
Corporation, which is wholly-owned by Mitsubishi Corporation. The new entity,
called Hewitt HLC, provides HR outsourcing services to subsidiaries of foreign
multinationals in Japan
- Named Human HRO Provider of the Year (HRO Today, 2005)
- Presented with the Outsourcing Excellence "Best
Partnership" Award for our partnership with Johnson & Johnson
(Outsourcing Center, 2005)
- Named China's Top Benefits and Consulting Firm in 2004
(China Staff, 2004)
- Demonstrates further growth in China with the opening
of the Guangdong office in 2002
- Recognized as the Asian HR Consultancy of the Year
(Human Resources Magazine's Asian HR Awards 2001)
- Named China HR Consultancy of the Year four years in a
row (China Staff, 2002, 2001, 2000 and 1999)
- Hewitt-authored books Leadership in Asia, Leading the
Way, and Leadership and Governance from the Inside Out help companies win the
battle for leadership talent
- Introduces breakthrough HR measurement methodology,
Human Capital Foresight™, giving companies the ability to measure and predict
the return on their HR investment
- Merges with HR BPO pioneer Exult, becoming first and
only firm to provide human resource benefits process outsourcing (HR BPO)
services—benefits, payroll, HR information systems, recruiting, learning, and
other HR services—fully integrated with consulting expertise
- Acquires Cyborg Worldwide, Inc., expanding outsourcing
capabilities to include payroll services
- Acquires Northern Trust Retirement Consulting, L.L.C.
, expanding our portfolio of outsourcing clients
- Transitions from private to public company
- Integrates U.K. and Ireland business with Bacon &
Woodrow, a leading retirement and financial management consultancy in the U.K.
- Creates Flexible Spending Account administration
services
- Launches Rapid eMerge™ and M&A Management Center ™
to help employers manage HR aspects of merger, acquisition, and spin-off events
- Launches CompensationCenter.com, a Web tool whose data
and analysis of pay programs in the global marketplace gives companies a
competitive edge
- First to implement IBM eServer z900 Parallel Sysplex
clustering solution, enabling near-continuous benefits administration service
to more than 12 million participants worldwide
- Launches Hewitt Plan Sponsor Sight, an online benefits
management support tool and knowledge network for benefits delivery clients
1990-1999
- Seoul office is established in 1999
- Establishes presence in Bangkok, Jakarta, Kuala
Lumpur, and Manila
- Expands into Mainland China, opening the Shanghai
office in 1994 and the Beijing office two years later
- Hong Kong office opens in 1995
- Hewitt establishes JV with Colonial Mutual in
Australia in 1995
- Enters the Indian market in 1992 by acquiring a stake
in a local company. Eventually acquires the remaining interest in 1998
- First firm to help clients link HR, compensation, and
benefit programs to improve business results
- PC Week names Hewitt one of Top Ten Most
Technologically Innovative Companies
- First to develop online Summary Plan Descriptions
- First HR consulting firm to establish corporate web
site
- Creates HMO Scorecard, a tool for measuring HMO
quality, costs, and subscriber satisfaction
- Pioneers HR performance measurement with HRCatalyst™
- Introduces SmartLink, a universal "800" service
linking employees to all HR services and providers
- Introduces fully-integrated Total Benefit
Administration™ System, a system for total benefit outsourcing utilizing
client-server and object-oriented design and programming
- Creates one of the first full-service, outsourced
Benefits Centers
- Introduces Defined Contribution Alliance™, a bundled,
seamless approach to investment, administration, and communication of defined
contribution plans
1980-1989
- Establishes first presence in the Asia-Pacific region
in Tokyo in 1987, through the formation of a joint venture
- First wholly-owned regional office opens in Singapore
in 1989
- First to provide real-time access to personalized
employee data
- Pioneers compensation management concept of
broadbanding to help companies respond to changing business needs
- Future$aver™, an interactive retirement plan and
simulator, named Best New Human Resources Software of 1989
- Designs first large employer 401(k) plan
- Creates COMP+™, first fully integrated compensation
management software
- Develops FlexSystem®, first computer system for flexible
benefit and compensation plan administration
1970-1979
- Invents concept of "tax-protected employee
choice-making" in employee benefits
- Drafts the enabling legislation that creates a bridge
between Sections 125 and 401(k), leading to truly flexible compensation,
allowing trade-off among cash, welfare benefits, and deferred compensation
- Creates Total Compensation Measurement™ methodology
- Launches Benefit Index®, the first (and still most
widely used) method for measuring the competitive value of benefit plans
1960-1969
- Only consulting firm serving on Federal Interagency
Task Force (1964-1968) on the Employee Retirement Income Security Act
- First consultants to tie benefits and compensation to
corporate goals and missions, communicating total compensation as part of
business plan
1950-1959
- First benefit consulting firm to form a Communication
Practice to build employees' understanding and appreciation of benefits
- Invents personalized benefit and compensation
statements to help employees realize the value of their total compensation
- First benefit consulting firm to measure ongoing
investment performance for defined benefit plans
- Pioneers objective-setting concept in the design of
benefit and compensation programs
1940-1949
- Works with Thilmany Paper to create industry-first
noncontributory pension and employee savings plan—the first plan of this type
to be qualified with the U.S. Internal Revenue Service
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