US - The Thomson Corporation has outsourced its human resource operations to Hewitt Associates.
Hewitt will provide business process outsourcing services including benefits, compensation, payroll, learning and development and recruiting to Thomson in the US under a five year agreememt.
“We looked for an organization to serve as our HR partner,” said Jim Smith, EVP, human resources and administration for Thomson. “With their deep HR content knowledge and process experience, Hewitt can help us improve and standardize processes, deliver quality service to our employees and reduce costs.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).