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2011 HR Consulting Rates
Monadnock Research (Vol IV, N 23) - 23 July 2011
This Research Note includes the findings a client study of Human Resource (HR) consulting rate structures across a number of industries. More than 85 percent of the rates analyzed were from global entities, including a total of 45 firm-rate structures. All were from organizations that fall within the 1,000 largest global organizations. This report presents statistics across 15 professional classifications, including a percentile analysis for each labor class and detailed descriptive statistics. Rates from firms that were a subject of this analysis include Accenture, ACS, AON Hewitt, Booz&Co, Capgemini, Deloitte, Hay, IBM, Mercer, North Highland, Plus Delta, PA, Point B, PwC, and Towers-Watson. (1 graphic, 16 tables, 6,980 words) . . . More
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SEC Proposes Rules for Compensation Consultant and Advisor Selection and Conflict of Interest Disclosure
Monadnock Research - 30 March 2011
MR - The U.S. Securities and Exchange Commission is proposing a new rule and rule amendments to implement provisions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (WSRCPA), adding Section 10C to the 1934 Exchange Act. The proposed rule requires the commission to adopt new disclosure rules concerning the use of compensation consultants and conflicts of interest. Section 10C also directs exchanges to establish listing standards that require each member of a listed company's compensation committee to be an "independent" member of its board, as defined in the listing standards of the exchanges adopted in accordance with the proposed rule. (690 words) . . . More
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Consulting Leadership News: Atos Origin, PwC, CSC, Logica, E&Y, KPMG, Mercer, Navigant, Buck, and Kurtzman Carson
Monadnock Research - 4 September 2010
MR - Atos Origin Appoints CEO of Atos WorldGrid; Executive Vice President for Talent Management and Communications. PricewaterhouseCoopers LLP names U.S. and Global Talent Leader; U.S. Recruiting Leader; and Co-leader of Indirect Tax practice. CSC Appoints Senior Executive Advisor and Vice President for its North American Public Sector Civil and Health Services Group. Logica names CEO of North American operations. Ernst & Young appoints new leader for Advisory Power & Utilities Practice. KPMG International names global head of audit. Mercer appoints Managing Director, Taiwan. Navigant appoints Managing Director within Financial Risk Management Practice. Buck Consultants appoints communications practice lead. Kurtzman Carson Consultants appoints Director of Corporate Restructuring Services. (2,425 words) . . . More
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Consulting Client Insights: Vault Top 50 Consulting Firms
Monadnock Research (VIII N36) - 24 August 2010
Vault has just published its latest list of the top consulting firms, the "Vault 2011 Consulting 50." This year's ranking is not based strictly on the "prestige" factor, which is a ranking of perceptions by consultants of firms other than the one they work for. That listing is still published, but as a separate ranking. Vault's overall 2011 ranking weighs culture, work/life balance; compensation; prestige; business outlook; and transparency. While the Vault rankings might help firms with their college recruiting efforts, the utility for clients is limited. But taking a contrarian view provides some interesting perspective. This Research Note offers insights into what clients can learn from these rankings, and why high scores in some categories aren't necessarily good for your business or your project. The top 10 firms for the current ranking are: (1) Bain, (2) BCG, (3) McKinsey, (4) Analysis, (5) Cambridge Group, (6) Deloitte, (7) Oliver Wyman, (8) A.T. Kearney, (9) Triage, and (10) Censeo. (2,210 words) . . . More
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Consulting Leadership News: Roland Berger, PwC, Cyber, McGladrey, Buck, Accenture, Aon, Navigant, Capgemini, and Segal
Monadnock Research - 28 July 2010
MR - Roland Berger leaves Roland Berger; Firm appoints Executive Committee and Supervisory Board Members; Appoints and elevates 27 partners. PwC appoints 84 new Partners, including 57 new partners in the U.S. member firm; Plans to cut several hundred positions in its Tampa, Florida IT operation. Cyber appoints CEO and SVP of Commercial Operations. McGladrey hires National Leader for its Business Consulting Practice. Buck Consultants appoints Executive Managing Director. Accenture names Global Managing Director of R&D and Alliances. Navigant Economics appoints four Managing Directors and three Directors. Aon appoints Senior Vice President of Human Capital Practice. Capgemini names head of Capital Markets practice for North America and U.K. Segal appoints Senior Vice President. (7,400 words) . . . More
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U.S. Bonus Payments for 2010 Remain Strong; Salary Levels to Increase Slightly
Buck Consultants - 10 March 2010
Buck - The majority of U.S. employers report their bonus payments in 2010 will be similar to what they paid in 2009, according to the results of a recent survey by Buck Consultants. Buck's survey found that pay increases for 2010 will average 2.2 percent, which exceeds 2009 levels but is slightly less than the 2010 projections made by companies in a July 2009 Buck study. One-third report making changes to the way they measure or reward employee performance. Thirty percent indicate they plan to use market-based salary adjustments to retain top performers. And more than 95 percent of participants have no plans to expand or implement bonuses for attracting and retaining employees, despite growing worker dissatisfaction. (685 words) . . . More
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Xerox Completes Acquisition of ACS
Monadnock Research - 9 February 2010
MR - Xerox Corp. has completed the $5.6 billion acquisition of Affiliated Computer Services (ACS) and its Buck Consultants subsidiary, an agreement that was originally signed in September 2009. More than 96 percent of Xerox common shares voted in favor of the transaction at its shareholder meeting, with more than 86 percent of the voting rights of ACS shares approving the deal last week. Xerox expects its services revenues will grow to around $10 billion in 2010. ACS will be known as "ACS, A Xerox Company," at least initially. The subsidiary will continue to be led by Lynn Blodgett, now a Xerox Executive Vice President, who will report to CEO, Ursula Burns. S&P downgraded its Xerox rating to BBB- after the acquisition, one step above junk status.(790 words) . . . More
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ACS Introduces New Outplacement Service Offering
Monadnock Research - 26 January 2010
MR - Affiliated Computer Services (ACS) has introduced a new line of outplacement services for transitioning employees. ACS Transition Services utilize the offerings of RiseSmart, a Silicon Valley-based provider of Web-enabled outplacement and job search services. ACS says its Human Capital Management services are provided to over four million employees and retirees in more than 80 countries in 20 languages, and include HR consulting and advisory offered through its Buck Consultants subsidiary. (540 words) . . . More
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Xerox-ACS Merger Takes Another Step Forward - Update 1
Monadnock Research - 17 November 2009
MR - The U.S. Hart-Scott-Rodino review period for Xerox's acquisition of Affiliated Computer Services (ACS) and its Buck Consultants subsidiary has expired. The expiration of the HSR waiting period satisfies one of the conditions for closing the acquisition. The transaction is still subject to other closing conditions, including EU regulatory approval and affirmation by ACS and Xerox shareholders. The transaction value has decreased by $1.71 billion to $5.54 billion, plus preferred shares and assumption of debt, since its disclosure 2 months ago due to the drop in Xerox's share price. In addition, Xerox and ACS have settled claims made in a consolidated action filed by ACS shareholders in Texas related to the acquisition. . . . More
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Global Businesses View Wellness Programs as Key to Improved Productivity
Buck Consultants - 16 November 2009
Buck - Improving productivity by keeping employees healthy and working is emerging as the top global business objective for employer-sponsored wellness programs, except in the U.S. where healthcare cost is the most important factor, and Asia, where improving workforce morale is the most important factor. Stress was cited as the top health risk driving wellness programs globally, except for the U.S. and Latin America, where lack of exercise and poor nutrition are of primary concern. The recent Buck Consultants survey analyzed responses from more than 1,100 organizations representing 10 million employees in 45 countries, and was conducted in association with CIGNA, International Health Consulting, Pfizer, and WorldatWork. . . . More
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ACS to be Purchased by Xerox for $6.4 Billion
Monadnock Research – 28 September 2009
MR - Xerox Corporation and Affiliated Computer Services (ACS) have signed a definitive agreement for Xerox to acquire ACS and its Buck Consultants subsidiary in a cash and stock transaction valued at $63.11 per ACS share or $6.4 billion, using the closing price of Xerox shares on 25 September. Wall Street was not enthusiastic with the deal, and Xerox shares quickly retreated in value by as much as 20 percent at one point during the day on Monday 28 September from Friday's high. The transaction valued ACS at approximately 1x fiscal 2009 revenues at the time it was announced. The deal includes the refinancing of $2 billion in ACS debt. Xerox expects its services revenue will grow to around $10 billion by 2010. . . . More
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Companies Reduce Equity Compensation and Freeze Executive Pay
Buck Consultants - 12 March 2009
Most US companies report that they will be delivering reduced equity values to executives and other employees in 2009, according to a recent survey by Buck Consultants. Just over 50 percent of respondents also report that there will be no executive salary increases for 2009. . . . More
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Top "Green" HR Organizations Target Travel and Printing Services
Buck Consultants - 16 Feb 2009
More than half of employers currently practice strategic environmental management, according to a new survey from Buck Consultants. "The Greening of HR Survey" found that 54 percent of respondents incorporate "green" initiatives within their workforce management practices. Employee involvement dramatically increases when organizations appoint an individual to lead the efforts. . . . More
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Salary Budgets Not Broadly Affected by Recent Economic Downturn
Buck Consultants
(27 October 2008) Average salary increases for 2008 and increases planned for 2009 are consistent with plans developed in 2007 by U.S. employers, despite the current economic uncertainty, according to the findings of a recent Buck survey. The survey projects average 2009 salary will range from 3.8 percent for non-exempt and non-management professionals to 4 percent for executives and 4.1 percent for CEOs. . . . More
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Health Care Cost Increases to Continue at Double Digit Rates
Buck Consultants
(11 September 2008) Costs for the most popular types of health care coverage are projected to increase at double-digit rates through the remainder of 2008 and into 2009, according to a national survey of insurers and administrators by Buck Consultants. The study analyzed responses from 79 health insurers, HMOs, and third-party administrators. Insurers providing medical trends for the survey cover approximately 98.7 million people. . . . More
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