For more than 16 years, Hewitt Associates in Latin America has been developing innovative human resource solutions that have helped our clients become some of the most successful companies in the region. We partner with our clients to help them create a fully engaged workforce, to take advantage of leading edge technologies that transform the HR function, and to manage HR delivery to provide outstanding support for both employees and organizations.

In Puerto Rico our services include compensation, benefits, communication, and organizational effectiveness consulting. In addition this team also includes a dedicated outplacement team and a team of six fully licensed insurance brokers operating under H.A. Insurance.

At Hewitt, our combined services "collaborate" with each other. How? We draw on an unmatched breadth and depth of experience to give us deep insights spanning myriad organizations and industries.

Integrated Benefit Consulting Services

Hewitt's extensive in-country presence in Latin America allows us to address retirement needs at a regional, national, or international level. We understand how different cultures, changing economic environments, and laws affect your total retirement/pension programs, and we will help you effectively integrate these factors into a coherent strategy. Also, we focus on the communication of these programs so employees understand the benefits provided.

• Our offices are electronically interconnected, and using the most advanced technology in our business, we are well positioned to serve our clients
• We provide strategic design and financing consulting for health and welfare plans, defined benefit plans, defined contribution plans, retirement-related aspects of broad-based stock ownership programs, and retiree welfare programs

Benefits consultants provide expertise in the design, financing, communication, and administration of your health, welfare and retirement and other benefit plans. Our strengths in this area are outlined below:

• Design and re-design current programs that maximize workforce management and employee appreciation (i.e. defined benefit to defined contribution plans, flex benefits, international pooling, etc.)
• Evaluate the financial and benefit ramifications of alternative designs
• Assess funding and accounting strategies for the current and future years
• Interpret and apply government requirements that affect your plans
• Conduct valuations using local, U.S., and international accounting standards (Benefit Index®)
• Provide creative solutions for the effective communication of a new benefit program to employees
• Provide strategy, support, and analysis for mergers and acquisitions
• Provide defined benefit and defined contribution plan administration

A Unique Specialization in Social Security and Government Programs

Hewitt has developed a unique specialty in providing actuarial expertise for government retirement programs. We have designed and redesigned national social security plans as well as plans sponsored by specific government agencies. We also provide actuarial work for provinces or states, municipalities, and other intra-country public agencies that grant pensions for their employees.

Working to Ensure Your Employer's Budget is Well Spent

Employers make substantial investments in the benefits provided to their employees. Hewitt's benefits consultants ensure that your plans are designed and managed in the most effective way.

Working to Ensure Your Employees Understand Their Potential Retirement Income

In order to assist employees understand the full value and potential of their retirement benefit package Hewitt has developed modeling tools that allow employees to calculate their potential returns based on their contributions to a defined contribution plan. This powerful tool assists employees to model different investment scenarios and assists employers in demonstrating the value of this benefit to their employees.

Administration is a Key

Throughout the region, Hewitt can provide the latest tools for administration of benefit plans including participant services.

Contact us for more information on how Hewitt can partner with your company to create and implement solutions for benefits strategy, design, and administration.