Aon Hewitt Recognized as Top Benefits Administration Outsourcing Provider in NelsonHall Report
TORONTO, Aug. 21, 2012 /CNW/ - Aon Hewitt, the global human resource solutions business of Aon plc (NYSE: AON), announced that it ranked first in three major categories in NelsonHall's Targeting Benefits Administration market analysis report published last month.
Aon Hewitt ranked number one in terms of revenue in the global benefits administration market, the North America benefits administration market as well as the total Health and Welfare (H&W) administration services market, which includes revenue from H&W administration, reimbursement account administration, leave of absence administration, and COBRA administration.
"Aon Hewitt is proud to be a leader in the benefits administration outsourcing industry, and our long-standing partnership with our clients has enabled us to learn from their needs and expand the scope of our services to better serve them," said Shauna Cooper, CEO HR Outsourcing, Canada. "With our clients, we have created the industry standard for how a successful HR outsourcing model can produce innovative and sustainable results, and we are honored to be recognized as top provider."
In addition to those recognitions, Aon Hewitt ranked second in terms of revenue in the global pension/retirement administration market and the flexible benefits administration market.
"With new regulations and compliance requirements, Aon Hewitt is one of a few service providers in the benefits administration market with an extensive portfolio of offerings to meet client needs," said Amy L. Gurchensky, HR outsourcing research analyst at NelsonHall. "Our research shows that benefits administration offerings are expanding as a result of health care reform and wellness initiatives, and Aon Hewitt is at the forefront with offerings such as its health insurance exchanges and dependent audit services."
NelsonHall's Targeting Benefits Administration market analysis consists of a 127 page report that analyzes the changing shape of benefits administration, customer requirements, market size and growth, plus an extensive service provider assessment which includes vendor market shares, offerings, delivery capabilities, the role of technology, vendor targeting, as well as challenges and success factors for service providers.
About Aon Hewitt
Aon Hewitt is the global leader in human resources solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates, and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.
NelsonHall is the leading business process outsourcing (BPO) analyst firm with an evidence-based approach to market and service provider assessments. The company has a reputation internationally for depth, insight, and impartiality of its work across many different areas of BPO including HR outsourcing. Its HR outsourcing division produces focused market analysis reports on benefits administration, payroll outsourcing, recruitment process outsourcing, learning BPO, and multi-process HR outsourcing. For more information on NelsonHall, please visit www.nelson-hall.com.
SOURCE: AON HewittFor further information:
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