2000-2006
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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 Integrates U.K. and Ireland business
with Bacon & Woodrow, a leading retirement and financial management
consultancy in the U.K.
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Hewitt-authored books Leading the Way and Leadership and Governance from
the Inside Out
help companies win the battle for leadership talent
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Integration of PRASA, the largest Swiss benefits and HR consulting and
outsourcing firm.
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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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Introduces Hewitt Health Resource™, a Web-based tool to capture, integrate, and
use company and health plan data for leverage during rate negotiations.
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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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First firm to help clients link HR, compensation, and benefit programs to
improve business results.
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Pioneering Hewitt Health Value Initiative™ survey polls over 250 leading
employers to assess financial efficiency, quality, and patient satisfaction of
about 2,000 health plans.
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First HR firm to offer expert testimony and analysis on health care reform to
various congressional committees, other governmental bodies, and private
industry groups in Washington D.C.
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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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First to monitor Total Episodes of Care (TEOCs) as means of analyzing medical
claim experience.
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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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Designs first point-of-service managed care plan with an on-site primary care
physician.
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Introduces fully-integrated Total Benefit Administration™ System, a system for
total benefit outsourcing utilizing client-server and object-oriented design
and programming.
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Creates one of the first full-service, outsourced Benefits Centers.
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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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Pioneers concept of Participant-Directed Investment Accounts in the U.K.
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Administers first flexible spending accounts. Introduces U.K.'s first
all-employee flexible benefit plan in the U.K.
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Introduces Multi Pension – the leading pension administration application in
Swtizerland.
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First to provide real-time access to personalized 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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Helps American Can design and communicate industry's first comprehensive
flexible benefits plan
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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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U.S. Department of Labor asks Hewitt to develop forms to administer Welfare and
Pension Plans Disclosure Act
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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 personalized benefit and compensation statements to help employees
realize 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 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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Ted Hewitt forms Edwin Shields Hewitt and Associates on October 1, 1940, as an
insurance brokerage specializing in financial planning for business executives
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