LINCOLNSHIRE, Ill., Oct. 5--Xinhua-PRNewswire-AsiaNet/InfoQuest
Firm Redefines HR BPO Industry, Sparks Increased Industry Consolidation
One year after Hewitt Associates (NYSE: HEW), a global human resources
Since the companies merged in October 2004, Hewitt has expanded its
"HR BPO has hit the mainstream with Fortune 1000 companies recognizing HR outsourcing as an important strategy for business success," said Bryan Doyle,
"Hewitt's merger with Exult elevated the firm to leadership status in the HR BPO market by bringing together both depth of HR expertise and BPO know-how," said Lisa Rowan, IDC's program manager for HR and Talent Management Services Research. "Hewitt is positioned well to capitalize on the fastest-growing segment of HR services, expected to grow to $16.5 billion in the U.S. by 2009."**
The HR BPO industry has also seen a rise in consolidation, with several BPO organizations and consulting firms joining together during the past year.
About Hewitt Associates
With more than 60 years of experience, Hewitt Associates (NYSE: HEW) is the world's foremost provider of human resources outsourcing and consulting services. The firm consults with more than 2,300 companies and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. Located in 35 countries, Hewitt employs approximately 20,000 associates. For more information, please visit www.hewitt.com .
* Source: Everest Research Institute, based on total contract value,
** Source: IDC, U.S. HR BPO 2005 Vendor Analysis, September 2005
Contact:
Jennifer Frighetto
Tel: +1-847-442-7663
Email: [email protected]
Lindsay Bechtel
Tel: +1-847-442-7662
Email: [email protected]
SOURCE Hewitt Associates
--Distributed by AsiaNet (www.asianetnews.net)--
Hewitt Associates today announced a re-organizing of its Southeast Asia business to a “one-market” operating model. This “one-market” model will allow the company to leverage and maximize the strengths and capabilities of its talents across the Southeast Asian countries, and focus more on delivering best quality solutions to clients in the local markets efficiently and effectively. “The decision to move to a “one-market” model followed a world-wide company review. While the Thailand market has