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Hewitt Quarterly
Asia Pacific
is made possible through the combined skills and experience
of Hewitt consultants from across the Asia-Pacific region.
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For further information please
contact:
Hewitt Associates
2601-05 Shell Tower
Times Square
Causeway Bay
Hong Kong
Tel: (852) 2877-8600
Fax: (852) 2877-2701
editor-hqap@hewitt.com
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Hewitt's Top Companies for Leaders 2007 Study Officially Launches
Hewitt recently launched the Top Companies for Leaders 2007 study, conducted in conjunction with FORTUNE magazine and The RBL Group. The study will represent the most comprehensive research on leadership in the global marketplace to date, and aims to:
- Explore the organizational levers that contribute to leadership strength and depth;
- Examine how organizations choose and develop leaders; and,
- Analyze the links between leadership practices and financial results.
The study will also provide valuable insights into how top organizations use leadership practices to drive business success. Hewitt's Top Companies for Leaders 2007 study will rank the top companies from Asia Pacific, Europe, Latin America and North America with innovative leadership programs, and the results will be announced in October 2007. Hewitt has conducted leadership studies in the United States, Europe, and Asia Pacific since 2002. For more information on participating in the study, please email topcompaniesforleaders@hewitt.com. |
Hewitt Associates Wins Two Key Awards in China
Hewitt was recently named 2006 Consulting Firm of the Year for Performance and Reward Management and 2006 Outsourcing Firm of the Year by readers of CHINA STAFF magazine and HR professionals in the region. Hewitt has been acknowledged nine times by CHINA STAFF, having previously been awarded the China HR Consulting Firm of the Year for four consecutive years, the China Compensation and Benefits Firm of the Year in 2004 and, most recently, the China Consulting Firm of the Year for Change Management in 2005. Commenting on why the judges selected Hewitt for the two different awards, CHINA STAFF said, "Hewitt clearly stood out as a firm offering solutions based on a clear understanding of customer needs and correlating them not only to HR but to the customer's business results. When going through the judging process, the choice was quite clear in both categories."
Hewitt Report Reveals Dramatic Rise in Local Executive Pay in 2006
Salary increases in the finance sector increased dramatically in Hong Kong this year, according to Hewitt's 2006 Hong Kong Local Compensation & Benefits Total Compensation Measurement Report. The study revealed that salaries in the finance industry rose by an average of 5.3 percent in 2006, compared to 3.2 percent last year. The industrial manufacturing and retail sectors followed at 4.2 and 4.1 percent increases respectively. Participating companies also reported average voluntary turnover rates between 10 and 17 percent, compared to 8 and 13.1 percent last year. When broken down according to job function, human resources, sales, and finance departments saw the highest levels of attrition at 26.9 percent, 19.7 and 17.8 percent respectively. The report also identified several key trends in the market including: higher turnover, especially in HR, sales, IT, and finance; pressure to increase salaries; a widening gap between middle management and senior management pay; and, variable pay becoming a popular tool to improve productivity (individual performance being the main measurement tool). |
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Hewitt Appoints Regional Head of Sales and Accounts
Gail Corvette has been appointed head of sales and accounts with Hewitt Asia, effective January 1, 2007. Based in Hong Kong, she will be responsible for growing Hewitt's business throughout the region, working with a team of associates to build, lead and develop client relationships, creating total HR solutions that meet their needs and drive future business success. Corvette joins Hewitt Asia from the US, where she was consulting sales leader for the Northeast region. In this role, she was responsible for a team of account executives and also worked closely with Hewitt's Corporate Restructuring and Change and Business Transformation practices to further their efforts in helping clients manage large-scale corporate change.
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Tatsunobu Maita Joins Hewitt as Head of Japan Consulting Operation
Hewitt recently appointed Tatsunobu Maita as head of Hewitt Japan, based in Tokyo. He will be responsible for the company's consulting services in Japan. Eric Fiedler, regional director of Hewitt Asia, commented, "We are absolutely delighted that Maita-san has joined Hewitt. He brings with him an unsurpassed breadth and depth of consulting knowledge in Japan and will be instrumental in helping us build our services over the coming years." Maita brings almost 20 years of consulting experience to Hewitt, having worked with leading firms including Accenture, Proudfoot, and Mercer HRC. He specializes in the implementation of corporate and human resources strategy, HR management, and organizational development, and has consulted with both multinationals and leading institutions throughout Japan. |
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ANZ Operation Names New Market Head
Hewitt also recently appointed David Brown as managing director of Hewitt Australia and New Zealand (ANZ), based in Sydney. In this role, he will be responsible not only for the ongoing success of Hewitt's engagement consulting, leadership and benefits consulting practices, but also for building new areas of business in the ANZ region. Brown has been practice leader of Hewitt ANZ's Talent and Organizational Consulting practice for the past five years and is a member of the firm's Global Leadership Group. His expertise spans the full spectrum of HR management. He replaces Mick Bennett, who will retire in December after more than a decade with Hewitt.
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Hewitt Strengthens Hong Kong Consulting Team with Senior Appointment
Michael T. Yeung recently joined the Hewitt Hong Kong consulting team as head of the Talent and Organization Consulting Analytics practice. In this role, he will lead Hewitt's consulting work with companies in Hong Kong, Macau and Taiwan on their employee rewards and benefits programs, as well as head up Hewitt's data analytics program, which provides companies with comprehensive information on how their HR programs compare with industry peers. Yeung brings more than 13 years of experience in rewards consulting with major human resources consulting firms and has developed and implemented compensation and benefit plans for a diverse range of public and private organizations.
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