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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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Welcome to the latest edition of Hewitt Quarterly (HQ), in which we take a look at the most important business and HR trends to hit the region.
M&A activity in Asia Pacific has increased dramatically in recent years. In 1998, Asian M&A transactions accounted for only eight percent of worldwide deals, however today that figure is closer to 25 percent. During this time, M&A deals have also grown in sophistication and complexity, and issues such as cultural adaptability and an understanding of local HR policies are fast emerging as having a strong impact on the long-term success of many deals.
As such, Hewitt recently conducted the inaugural Mergers & Acquisitions Asia Pacific Study 2006 in order to gain a thorough understanding of those HR issues that can affect the success of a merger, acquisition or JV. In this issue of HQ we provide insights into the key findings of the study and take a look at how BP managed to overcome these challenges during their recent deal.
We also explore the findings of our seventh annual Asia-Pacific Salary Increase Survey, providing you with a preview of the trends and challenges you will face in the coming year, and explore the differences between two of the region's key markets, China and India, when it comes to performance and rewards programs.
Also in this issue, we introduce India's groundbreaking new NAC certification, discuss China's enterprise annuity system and how it compares to pension policy in other markets throughout the region, and provide you with a roundup of the latest happenings at Hewitt.
Enjoy the read.
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Eric Fiedler
Regional Director, Asia Pacific
Hewitt Associates LLC
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