2000-2005
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Conducted the first of Hewitt's Best Employers in Australia studies in
conjunction with the Australian Graduate School of Management in 2000. Extended
the study to include New Zealand in 2004
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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
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Named Human HRO Provider of the Year (HRO Today, 2005)
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Presented with the Outsourcing Excellence "Best Partnership" Award for our
partnership with Johnson & Johnson (OutsourcingCenter, 2005)
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Demonstrates further growth in China with the opening of the Guangdong office
in 2002
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Recognised as Outstanding HR Consulting Firm in China (SMART Fortune,
2004, 2005)
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Named China's HR Outsourcing firm of the Year and Consulting Firm of the Year
for Change Management (China Staff, 2005)
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Named China's Top Benefits and Consulting Firm in 2004 (China Staff, 2004)
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Named China HR Consultancy of the Year four years in a row (China Staff,
2002, 2001, 2000 and 1999)
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Recognised as the Asian HR Consultancy of the Year (Human Resources Magazine's
Asian HR Awards 2001)
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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
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Introduces breakthrough HR measurement methodology, Human Capital Foresight™,
giving companies the ability to measure and predict the return on their HR
investment
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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
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Acquires Cyborg Worldwide, Inc., expanding outsourcing capabilities to include
payroll services
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Acquires Northern Trust Retirement Consulting, L.L.C. , expanding our portfolio
of outsourcing clients
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Transitions from private to public company
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Integrates U.K. and Ireland business with Bacon & Woodrow, a leading
retirement and financial management consultancy in the U.K.
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Creates Flexible Spending Account administration services
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Launches Rapid eMerge™ and M&A Management Center ™ to help employers manage
HR aspects of merger, acquisition, and spin-off events
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Launches CompensationCenter.com, a Web tool whose data and analysis of pay
programs in the global marketplace gives companies a competitive edge
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First to implement IBM eServer z900 Parallel Sysplex clustering solution,
enabling near-continuous benefits administration service to more than 12
million participants worldwide
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Launches Hewitt Plan Sponsor Sight, an online benefits management support tool
and knowledge network for benefits delivery clients
1990-1999
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Seoul office is established in 1999
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Establishes presence in Bangkok, Jakarta, Kuala Lumpur, and Manila
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Expands into Mainland China, opening the Shanghai office in 1994 and the
Beijing office two years later
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Hong Kong office opens in 1995
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Hewitt establishes JV with Colonial Mutual in Australia in 1995
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Enters the Indian market in 1992 by acquiring a stake in a local company.
Eventually acquires the remaining interest in 1998
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First firm to help clients link HR, compensation, and benefit programs to
improve business results
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PC Week names Hewitt one of Top Ten Most Technologically Innovative Companies
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First to develop online Summary Plan Descriptions
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First HR consulting firm to establish corporate web site
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Creates HMO Scorecard, a tool for measuring HMO quality, costs, and subscriber
satisfaction
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Pioneers HR performance measurement with HRCatalyst™
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Introduces SmartLink, a universal "800" service linking employees to all HR
services and providers
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Introduces fully-integrated Total Benefit Administration™ System, a system for
total benefit outsourcing utilising client-server and object-oriented design
and programming
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Creates one of the first full-service, outsourced benefits centres
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Introduces Defined Contribution Alliance™, a bundled, seamless approach to
investment, administration, and communication of defined contribution plans
1980-1989
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Establishes first presence in the Asia-Pacific region in Tokyo in 1987, through
the formation of a joint venture
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First wholly-owned regional office opens in Singapore in 1989
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First to provide real-time access to personalised employee data
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Pioneers compensation management concept of broadbanding to help companies
respond to changing business needs
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Future$aver™, an interactive retirement plan and simulator, named Best New
Human Resources Software of 1989
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Designs first large employer 401(k) plan
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Creates COMP+™, first fully integrated compensation management software
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Develops FlexSystem®, first computer system for flexible benefit and
compensation plan administration
1970-1979
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Invents concept of "tax-protected employee choice-making" in employee benefits
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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
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Creates Total Compensation Measurement™ methodology
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Launches Benefit Index®, the first (and still most widely used) method for
measuring the competitive value of benefit plans
1960-1969
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Only consulting firm serving on Federal Interagency Task Force (1964-1968) on
the Employee Retirement Income Security Act
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First consultants to tie benefits and compensation to corporate goals and
missions, communicating total compensation as part of business plan
1950-1959
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First benefit consulting firm to form a Communication Practice to build
employees' understanding and appreciation of benefits
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Invents personalised benefit and compensation statements to help employees
realise the value of their total compensation
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First benefit consulting firm to measure ongoing investment performance for
defined benefit plans
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Pioneers objective-setting concept in the design of benefit and compensation
programs
1940-1949
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Works with Thilmany Paper to create industry-first non-contributory 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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Ted Hewitt forms Edwin Shields Hewitt and Associates on October 1, 1940, as an
insurance brokerage specialising in financial planning for business executives
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