Aon Hewitt NewsWatch

Table of Contents: (1) 2021-2022 US HR Consulting Rates; (2) Aon Cancels $30 Billion Planned Merger with Willis Towers Watson; Aon to Pay $1B Termination Fee; (3) Massachusetts Governor Under Pressure to Fire McKinsey in HR Transformation Project; (4) Capgemini to Acquire Australian Cloud Computing Specialist, Empired Limited; (5) Accenture Acquires Workforce Insight, Ethica, Openmind and Trivadis; Reaches Agreement to Acquire HRC Retail Advisory; (6) Consulting Leadership: Aon and Accenture; (7) Thought Leadership: Crunchbase. (1,995 words)...More

This report provides Monadnock Research estimates for 2021-2022 US Human Resources Consulting rates in the United States from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each level. The report includes rate break-outs for the following service provider specialist categories: HR Specialists, Large Strategy Specialists, MBB, Large Business Advisory Specialists, the Big Four and Large IT Consulting Specialists. We also include HR consulting rate break-outs for 14 large US metropolitan areas. (85 Pages, 46 Exhibits)...More

Table of Contents: (1) 2021 US Tax Advisory and Compliance Rates; (2) 2021 US Legal and Forensic Advisory Rates; (3) 2021 US Transaction Advisory Rates; (4) Accenture Completes Acquisitions of Pollux, Core Compete and Cygni; (5) Capgemini Launches New Multinational Division, Capgemini Engineering; (6) Aon Agrees to Divest Operations to Satisfy EU Antitrust Regulators; Review Deadline Extended; (7) Wipro's $1.45 Billion Bid to Acquire UK's Capco Proceeds; (8) BCG 2020 Revenues Grow to $8.6 Billion; (9) Consulting Leadership: Bain, KPMG, Marakon, CRA and Capita; (10) Thought Leadership: Accenture and Capgemini. (2,250 words)...More

Table of Contents: (1) 2021 US Risk, Regulatory and Governance Advisory Rates; (2) 2021 US Internal Audit Advisory Rates; (3) 2021 US Financial Advisory Rates; (4) KPMG South Africa Stops Consulting Work for Audit Clients; (5) Aon Previews Senior Leadership Team; EC Review Deadline of WTW Deal Paused-; (6) Atos Offer for DXC Rebuffed; Atos Walks Away; (7) Serco to Acquire Whitney, Bradley and Brown for $295M; (8) ThoughtWorks Receives $730M Investment; Acquires Fourkind and Gemini Solutions; (9) Accenture Acquires Infinity Works, Edenhouse and Future State; (10) Consulting Leadership: Capgemini, Instride and CACI; (11) Thought Leadership: Accenture. (2,680 words)...More

Table of Contents: (1) 2020 On-Site vs. Off-Site Consulting Rate Differentials; (2) Gender Diversity in Consulting; (3) McKinsey, Bain and BCG Offer Advice to Leaders in the Global Crisis; (4) A.T. Kearney Rebrands as Kearney-; (5) Accenture Acquires Kates Kesler, Callisto, Nike Group, Revolutionary Security and Yesler; (6) EY-Parthenon Acquires Strategy Consultancy, Port Jackson Partners; (7) Atos Acquires Miner & Kasch; (8) AON -- Willis Towers Watson Combination to Move Forward; Pandemic Pay Cuts Loom; (9) McKinsey Plays Prominent Role in US Strategic Planning for Post-Corona Economic Rebound; (10) xxx; (11) Consulting Leadership: Accenture and Atos; (12) Thought Leadership: Korn Ferry. (2,825 words)...More

Table of Contents: (1) 2020 UK Information Technology Consulting Rates; (2) 2020 UK Operations Consulting Rates; (3) Capgemini Agrees to Acquire Purpose; Regulators Allow $4B Altran Deal to Proceed; (4) Accenture Announces Reorganization; Completes Acquisitions of maihiro and Clarity; (5) Canadian Cybersecurity Firm, Cytelligence, Acquired by Aon; (6) McKinsey Makes Series A Investment in Cybersecurity firm, Praetorian; (7) SAIC to Acquire Unisys Federal in $1.2 Billion Transaction; (8) Segal Acquires Retirement Systems Consultancy, LRWL; (9) Quartz Publishes Series on Risk When Biggest Auditors Became Bigger Consultants; (10) Ankura Acquires Ann Arbor-based 284 Partners; (11) Consulting Leadership: Accenture, PA Consulting and SAIC; (12) Thought Leadership: Accenture. (2,825 words)...More

This report provides Monadnock Research estimates for 2021-2022 US Human Resources Consulting rates in the United States from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each level. The report includes rate break-outs for the following service provider specialist categories: HR Specialists, Large Strategy Specialists, MBB, Large Business Advisory Specialists, the Big Four and Large IT Consulting Specialists. We also include HR consulting rate break-outs for 14 large US metropolitan areas. (85 Pages, 46 Exhibits)...More

This report provides Monadnock Research estimates for 2018-2019 US Human Resources Consulting rates in the United States of America from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each level. The report includes rate break-outs for the following service provider specialist categories: HR, Large Strategy Specialists, Small and Mid-Market Strategy Specialists, Large Operations Specialists, Small and Mid-Market Operations Specialists, the Big Four, Small and Mid-Market Financial Advisory Specialists; Large IT Consulting Specialists, Small and Mid-Market IT Consulting Specialists. (72 Pages, 34 Exhibits)...More

Table of Contents: (1) 2017-2018 United Kingdom Information Technology Consulting Rates; (2) 2017-2018 United Kingdom Operations Consulting Rates; (3) Capgemini Q3 Leads with Consulting Growth; Post-Kampf Era Begins with Rebranding; (4) Accenture Reaches Agreement to Acquire French Digital Agency, Altima, and Media Strategist, IBB; (5) Aon Consulting Sues Marsh Units for Alleged Hacking of Proprietary Compensation Consulting Data; (6) Cognizant to Acquire Swiss Digital Marketing Specialist, Netcentric; (7) Blackberry Introduces New Cybersecurity Consulting Offering; (8) Consulting Leadership: KPMG, Deloitte and Accenture; and (9) Thought Leadership: Hackett and Bersin/Deloitte. (2,100 words)...More

Table of Contents: (1) Accenture Agrees to Acquire SinnerSchrader, Endgame and iDefense; Closes InvesTech Transaction; (2) Capgemini to Acquire Idean and TCube Solutions; (3)Strategy and Marketing Specialist Simon-Kucher Reaches Growth Milestone; (4) Interpublic Group to Launch Transformational Consulting Practice; (5) Blackstone Acquires Aon Hewitt's HR and Benefits Administration Platform; (6) Consulting Leadership: Bain, BCG, L.E.K. and Accenture; and (7) Thought Leadership: Deloitte and Accenture. (2,125 words)...More

Table of Contents: (1) 2016-2017 South Africa, Italy and Spain Strategy Consulting Rates: Monadnock Research Reports (Vol IX, No 10-12); (2) Heidrick & Struggles to Acquire Leadership Consultancy, Philosophy IB; (3) Accenture to Acquire Australian Cyber-Security Consultancy, Redcore; (4) Aon Hewitt Acquires Cammack Health; (5) Booz Allen Hamilton Closes Office in Azerbaijan; (6) Infosys to Terminate 3,000 Staff After RBS Announces Plans to Divest Williams & Glyn; (7) Consulting Leadership: Ankura, BAE, BearingPoint, KPMG, PA, Navigant, L.E.K., Huron and FTI; and (8) Thought Leadership: Korn Ferry, Deloitte, Mercer and Hackett. (3,025 words)...More

Table of Contents: (1) McKinsey Director and State Farm Internal Consultant Indicted in $900,000 Fraudulent Procurement Scheme; (2) Reed Group Acquires Aon Hewitt's Absence Management Group; (3) Wipro to Acquire New Jersey-based BPaaS Consulting and Services Firm, Viteos for $130 Million; (4) Navigant Acquires Healthcare Management Consultancy, McKinnis, for $62 Million; (5) Accenture to Acquire Trading Systems Consultancy, Formicary; (6) Huron Closes $112 Million Sale of Huron Legal to Consilio; (7) Accenture Acquires Netherlands Salesforce Consultancy, CRMWaypoint; (8) Consulting Leadership: Wipro, Aon Hewitt, Patomak, Huron and Navigant. (2,015 words)...More

Monadnock Research has published its 2015-2016 Australia, New Zealand and Singapore Human Capital (HR) Consulting rates report. The study results include mean and median rate estimates for each country, with break-outs for Sydney, Melbourne, Brisbane, and 6 other metropolitan-areas in the region. There is also additional detail for the Big Four, large IT consulting firms and HR specialists in each country. Results are presented across 9 professional levels of hourly, daily and weekly rates, along with the blended rate. The study details findings of our most recent continuous cross-industry consulting rate analysis of master service agreement rates negotiated between clients and strategic firms. (106 pages, 63 graphics)...More

Monadnock Research has published its 2015-2016 United Kingdom Human Capital (HR) Consulting rates report. The study results include mean and median rate estimates for the UK, with break-outs for London, Scotland, Wales and 8 other UK regions and metropolitan-areas. There is also additional detail for the Big Four, large IT consulting firms and HR specialists. Results are presented across 9 professional levels of hourly, daily and weekly rates. The study details findings of our most recent continuous cross-industry consulting rate analysis of master service agreement rates negotiated between clients and strategic firms. (79 pages, 45 graphics)...More

Monadnock Research has published its 2015-2016 US Human Capital Consulting (HR Consulting) rates report. The study results include metropolitan-area detail for 14 major US metro areas, as well as rate break-outs for the Big Four, large IT consulting firms and HR specialists. Results of our analysis include mean and median rates by level of professional, with detail for 9 professional categories of hourly, daily and weekly rates. The study presents results from our most recent continuous cross-industry consulting rate analysis of current master service agreement rates negotiated between clients and strategic firms. (88 pages, 54 graphics)....More

This Research Note contains the mean and median rates across all relevant Monadnock Research professional levels for the world's largest human resources consulting specialists, including Mercer, Aon-Hewitt, Towers Watson and Hay Group. (2 Charts)...More

Aon Hewitt has agreed to acquire OmniPoint's Workday Services company, a leading deployment and integration firm and partner of HR services firm, Workday. OmniPoint has more than 120 professionals that will join Aon Hewitt's current team of existing Workday-certified colleagues. After the transaction closes, the OmniPoint team will continue to serve the Workday community as a dedicated operating unit within Aon Hewitt's HR business process outsourcing (BPO) business, providing both deployment and optimization services. (585 words)...More

Hewitt EnnisKnupp launched an Institutional Advisory Solutions practice that will provide a full line of institutional investment management services to financial services organizations worldwide, including insurance companies, private banks, broker dealers and ultra high net worth individuals. The new practice will provide clients with tailored solutions including asset allocation, investment manager research, risk management and portfolio construction advisory as well as custom alternative solutions across hedge funds, private equity and real estate. (310 words)...More

Marin County loses another stage in its battle with Deloitte Consulting. KPMG formalizes strategic alliance with BlackLine for balance sheet account reconciliation application suite. Northridge acquires Aon Hewitt's Customer Contact Monitoring group. (480 words)...More

Ernst & Young appoints Mark Weinberger as next Global CEO and Chairperson. L.E.K. names Stuart Jackson North America President; Appoints 6 new Partners. Huron appoints former Accenture executive as Managing Director and leader of Clinical Solutions practice. Huron promotes Gerri Birg, Sandra Dodds, Michael Gladson, Neera Gupta, Michael Kemper, Jason Moebius, Scott Pillittere and Joe Sneddon to Managing Director. ECS appoints George Wilson as President. PA Consulting names Dave Smith Group Technology Leader. Andrea Schaffell named Director of PA Shared Services and Outsourcing practice. KPMG appoints David Hansell Head of global Human Social Services practice. Aon Hewitt's Head of Investment Consulting, Andrew Tunningly, departs. (1,825 words)...More

Operational Risk & Regulation Magazine releases results of its 2011 consultancy rankings of the top 10 operational risk management consulting practices. Ernst & Young takes the top spot in anti-money laundering, corporate governance, regulation strategy, Basil II and III, treating customers fairly, fraud and financial crime prevention, and enterprise-wide compliance and risk management strategy. Aon Hewitt signs agreement with Birches Group to remarket compensation surveys. ECS acquires Paradigm Technologies. Navigant shareholder sues, claiming excessive executive compensation. (753 words)...More

Roland Berger opens offices in Jakarta, Dubai and Lagos; Appoints 26 new international Partners; Partners elect two new Supervisory Board Members. Simon-Kucher appoints 8 new Partners. FTI opens new office in Jakarta. Rebecca Szelc joins Charles River as a Vice President in Financial Accounting & Valuation practice. Linda Zimmerman joins Aon Hewitt as Senior Vice President and Global Marketing Leader. KPMG appoints Janet Davidson as Head of the Global Healthcare Center of Excellence. PricewaterhouseCoopers names Erik Hansen as Partner in Risk Assurance Services practice; Pamela F. Olson joins as Deputy Tax Leader and Leader of Washington National Tax Services practice. Capgemini Appoints Dee Burger as Telecom, Media and Entertainment Practice Sector Lead and Jean-Marc Steffann as Vice President. Navigant appoints Jim Vint Managing Director, and Kevin Blake and Kevin Byrne as Directors within the Technology Solutions practice; Karin Corfee as Managing Director in Energy Practice. Er...More

MR - Ernst & Young announces 548 new partners worldwide; Appoints Herb Engert as the new Americas Leader of Strategic Growth Markets. KPMG International Chairman-elect, Michael Andrew, appoints global leadership team. Accenture names Paul Daugherty as Chief Technology Architect and Gavin Michael Chief Technology Innovation Officer. Accenture has also named Jorge Benitez managing director -- North America and Chief Executive. Capgemini will train 1,500 architects and developers globally on the Windows Asure cloud platform to support new partnership. Aon Appoints Greg Besio as Chief Human Resources Officer. BCG named former ING Group COO, Thomas J. McInerney, as Senior Advisor. PwC US Appoints Robert W. McCutcheon as New Industrial Products. Leader. Energy Expert Scott Bloomberg Joins NERA Economic Consulting. BearingPoint appoints 6 new Partners. Deloitte appoints Chris Harrop to lead nuclear capital programs. Navigant appoints William Hardin within Disputes & Investigations pra...More

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

MR - Aon has acquired Westfield Financial Corp. and its subsidiary, Ward Financial Group, from Ohio Farmers Insurance Company. Ward is a leading provider of benchmarking and best practices research and advisory services for insurance companies in North America. It will be integrated within Aon Hewitt's McLagan Partners subsidiary. McLagan now adds the insurance industry to sectors that it serves as a performance consulting and benchmarking services firm with clients that include investment managers, commercial and retail bankers, securities firms, and hedge funds. (710 words)...More

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

MR - Aon Corporation has combined its merger and acquisition practices to form Aon M&A Solutions (Aon M&A), which will be a leading provider of M&A risk and human capital consulting services globally. Aon M&A launches with around 100 professionals worldwide. It will focus on human capital value drivers tied to the business strategy and operations underlying proposed transactions and restructurings. There are a number of favorable conditions converging that make this the right time to launch Aon M&A. There is an unprecedented glut of internally-generated capital being retained by the world's largest companies that will likely be used as a source of strategic transaction funding. Large sources of private equity are also awaiting the right opportunity to invest. This combines with a tempered optimism by global economists and a favorable business outlook by leaders for 2011. There is also significant pent-up M&A demand following a dearth of deals in recent years, with a realization that th...More

MR - The Segal Company has acquired Aon Consulting's multiemployer defined benefit plan and its related consulting business in the U.S. The acquisition covers about 60 defined benefit plans in a variety of industries located across the U.S. and Samuel Stanley joins Segal as a Senior Vice President in the transaction. The new Segal operation will be based in Southfield, Michigan. (325 words)...More

MR - AON Corp. and Hewitt Associates have completed their merger. The cash and stock transaction was valued at approximately $4.9 billion at the time it was announced in July. Aon is integrating the former Hewitt within its Aon Consulting operation and will operate the combined firm globally as Aon Hewitt, the world's premier human capital solutions firm. The combined firm had fiscal 2009 revenues of $4.3 billion and 29,000 staff serving clients globally. Forty-nine percent of revenues are from consulting services; 40 percent from benefits administration; and 11 percent from HR business process outsourcing. Russ Fradin, Hewitt Chairman and CEO, continues to serve in that capacity at Aon Hewitt, reporting to Greg Case, CEO, Aon Corp. (891 words)...More

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)...More

MR - Hewitt Associates has entered into an agreement to acquire EnnisKnupp, a leading provider of investment advisory services to large institutional investors. The deal will more than double Hewitt's existing investment consulting clients and supports its global expansion plans. EnnisKnupp provides a range of investment consulting services to corporations, public funds, endowments, foundations, non-for-profits, and Taft-Hartley plans. Hewitt stockholders of record at the close of business on 16 August 2010 are entitled to vote on Hewitt's proposed acquisition by Aon at a special meeting now scheduled for 20 September 2010 at Hewitt's corporate offices in Lincolnshire, Illinois. (800 words)...More

Monadnock Research Note - Willis Group Holdings, the global insurance broker and advisory services firm, has sharply criticized Aon and other HR services firms for their decisions to resume acceptance of contingent commissions. This Research Note explores the issues associated with contingent commissions, including the potential conflicts of interest they may pose to providers of services in the areas of insurance risk management, financial, and human resource consulting, and actuarial services. (1,220 words)...More

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

MR - Aon Corp. has agreed to acquire Hewitt Associates in a cash and stock transaction valued at approximately $4.9 billion. The boards of directors of both companies have approved the definitive agreement, which calls for Hewitt to be merged into Aon Consulting. Aon plans to operate the group globally as Aon Hewitt. Russ Fradin, Hewitt Chairman and CEO, will continue to serve in that capacity at Aon Hewitt, reporting to Greg Case, CEO, Aon Corporation. (1200 words)...More

Praxis Consulting has acquired Aon Recovery, the subrogation specialty business unit of Aon Global Risk Consulting's. Praxis Consulting provides advisory services in subrogation benchmarking, outsourcing and closed-file reviews, and enhancing recognition and recovery results for auto insurers, self-insureds and municipalities in the U.S. Also, Aon has launched Aon Global Risk Consulting Bermuda.(415 words)...More

MR - PRTM appoints Vice President in the firm's Energy Business Group. North Highland appoints former executive vice presidents as Co-Presidents. Aon Consulting appoints CEO of Aon Consulting EMEA, replacing departing leader; Appoints CEO of Aon Consulting UK. Mercer Investment Consulting appoints Global Director of Analytics, Research and Tools. Hewitt Associates expands its U.S. Investment Consulting practice with the addition of six consultants. CSC names vice president of cloud computing and software services; President of Northern Europe business operations. PricewaterhouseCoopers has appointed John D. Loveland as a managing director in the firm's US Forensic Technology Solutions practice. The Deloitte Center for Energy Solutions has named former Chevron executive Peter Robertson as independent senior advisor. Segal Advisors makes senior consulting appointment. RBF Consulting appoints Vice President and Natural Resources Practice Leader. (2,350 words)...More

MR - The Risk and Insurance Management Society, Inc. (RIMS) is calling on Marsh and other top risk advisors to go a step further and to adopt a global ban on contingent commissions for client risk placements. Marsh recently issued a statement saying it will not accept contingent commissions on any placements for U.S. clients served by the firm's core broking operations, joining AON and Willis, who have also agreed not accept them. Decisions on whether to accept them on business outside North America will be made on a country-by-country basis, based on client requests, according to Marsh. (636 words)...More

MR - Aon Consulting has signed a definitive agreement to acquire J.P. Morgan Compensation and Benefit Strategies (C&BS), a division of J.P. Morgan Retirement Plan Services. J.P. Morgan C&BS is a leading provider of compensation, retirement and health care actuarial services, with expertise in compliance, financial modeling and other actuarial-based services related to employee benefits plan designs. (370 words)...More

MR - Deloitte Consulting Names new U.S. Chairman and CEO; New tax partner within its U.K. entrepreneurial business group; Enhances U.S. Health Care Provider practice with the hiring of six Directors in Business Risk Services group. PwC appoints new global leader of Communications Industry Group. Aon appoints CEO of Aon Consulting Korea. SAIC appoints general manager for SAIC's Commercial Business Services Unit....More