QUOTE AND NEWS
Business Wire  Nov 4  Comment 
A new survey by Hewitt Associates, a global human resources consulting and outsourcing services company, shows employers continue to design their 401(k) plans in a way that encourages positive saving and investing behaviors and helps employees meet
The Economic Times  Oct 29  Comment 
Corporate India gears up for revival with with hiring plans and higher pay packets for 2010. DLF back on hiring ways | Companies that are planning for higher payout
Business Wire  Oct 28  Comment 
Increased efforts to caution Americans about the negative financial consequences of cashing out their 401(k) plans have had little impact in changing their behavior over the past few years, according to a new study by Hewitt Associates, a global
PR Newswire  Oct 28  Comment 
Chicagoans Spend the Third-Highest on Healthcare in the United States CHICAGO, Oct. 28 /PRNewswire-USNewswire/ -- Express Scripts (Nasdaq: ESRX) Center for Cost-Effective Consumerism, the American Benefits Council and Hewitt Associates along with
Business Wire  Oct 27  Comment 
Hewitt Associates, Inc. (NYSE: HEW), a global human resources consulting and outsourcing company, will announce results for its fourth quarter and fiscal year ended September 30, 2009, before the market opens on Tuesday, November 10. The Company will
Market Intelligence Center  Oct 21  Comment 
Hewitt Associates (NYSE: HEW) closed yesterday at $37.97. So far the stock has hit a 52-week low of $22.78 and 52-week high of $38.33. Hewitt Associates stock has been showing support around 37.16 and resistance in the 38.42 range. Technical...
The Economic Times  Oct 21  Comment 
Hewitt Associates states that next year, only 6% of companies in India and 8.3% in China expect to freeze pay. Cos that restored variable and planning higher payout
Marketwire  Oct 14  Comment 
TORONTO, ONTARIO -- (Marketwire) -- 10/14/09 -- Hewitt Associates (NYSE: HEW) - Organizations that offer employees benefit plan options may have an advantage when it comes to weathering economic highs and lows, according to a recent survey by Hewitt
Market Intelligence Center  Oct 9  Comment 
Hewitt Associates (NYSE: HEW) closed yesterday at $37.06. So far the stock has hit a 52-week low of $22.78 and 52-week high of $37.18. Hewitt Associates stock has been showing support around 36.19 and resistance in the 37.61 range. Technical...
Marketwire  Oct 8  Comment 
TORONTO, ONTARIO -- (Marketwire) -- 10/08/09 -- Hewitt Associates (NYSE: HEW) - Many Canadian employers are devoting significant time to their retirement programs this year according to a recent survey conducted by Hewitt Associates, a global human
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Based in Lincolnshire, Illinois, Hewitt Associates (HEW) is one of the leading providers of human resources outsourcing and consulting services in the world. With more than 60 years of experience in human resources, Hewitt now provides human resources services in 33 countries. Through the first fiscal quarter of 2007, the company operated in two business segments: 1) Outsourcing (which contributed 70% of revenues in fiscal 2007) and 2) Consulting (30%). However, effective with the second fiscal quarter, the company began operating the HR BPO business on a stand-alone basis. Therefore, the company now has three business segments: 1) Benefits Outsourcing, 2) HR BPO, and 3) Consulting. Hewitt provides services such as core process management, talent management, and workforce management (transaction processing, recordkeeping, and administration of health and welfare and retirement programs, and personal financial services) to more than 340 client companies through the Outsourcing division. In addition, the company offers web-based tools that enable clients to analyze the return on investment in their benefits, compensation and human resource programs. The company is also the leading player in the emerging human resources BPO (business process outsourcing) market by providing client services such as payroll & payment, recruitment, learning & development, performance compensation administration, leave administration, domestic relocation, and global mobility services. The Consulting division, which serves more than 2,300 companies and administers, provides health management, retirement & financial management, and talent & organizational consulting services.

Near term results continue to be negatively impacted by the early stage of a large majority of the company's higher margin human resources BPO contracts and the lower margin of mature contracts. Sales cycles lengthened through the early part of fiscal 2006, which has caused fewer new contracts to be signed in fiscal 2006. Although the margin for HR BPO contracts is expected to improve over time, client service delivery costs will remain high in the near term due to the accelerated roll out of the company's global sourcing capability and new developments for the company's service offering. The company has also had a hard time managing initial implementation costs, which forced the company to record an additional loss reserve during the second quarter of fiscal 2006 for one of its human resources BPO contracts signed in early 2005.

The company's Benefits Outsourcing revenue growth was negatively impacted by the loss in fiscal 2005 of the Bank of America contract, which generated approximately $180 million in revenues in fiscal 2004, and the acquisition of Exult. Outsourcing revenue declined 3.3% in fiscal 2006 from the prior year, while segment income significantly declined from a profit of $177 million to a loss of $77.9 million. In fiscal 2005, company-wide income was flat with the prior year despite a 28% increase in total revenue, primarily as a result of the Exult acquisition. The revenue from Benefits Outsourcing continued to be weak throughout the 2007 fiscal year, with the segment reporting a modest revenue increase of 0.7% for full fiscal year. However, adjusting for the favorable effects of foreign currency translation, Benefits Outsourcing revenue was essentially flat. In fiscal 2007, Outsourcing income decreased 5% to $306.2 million as the operating margin was compressed to 20.8%, compared with 22.0% in the prior year due to the impact of lost clients and longer implementation cycles required for some of the company's large, complex clients.



References

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