Watson Wyatt Worldwide
Watson Wyatt Worldwide is a consulting company in the field of human resources and finance. The company advises in Germany for occupational retirement provision, in human capital issues, as well as in investment consulting.
Watson Wyatt Worldwide is one with 7,700 employees in 106 offices in 32 countries, the largest consulting firms. The firm Watson Wyatt Heissmann is represented in Germany with four offices and 400 employees. Two Watson Wyatt offices are located in Switzerland and one in Austria.
Divisions
The business of Watson Wyatt Heissmann in Germany is divided into various divisions.
Occupational pension scheme
Occupational pension ( pension scheme ) includes designing, establishment and modification of pension funds, actuarial valuations and projections, advising on the choice of the financing path, assisting in the selection of external providers and advising on corporate takeovers and mergers. The theme bAV is primarily manages in Wiesbaden, some of the staff is located in Munich.
Data Services
The Business Data Services deals with the issue of benchmarking. This is to studies on compensation and fringe benefits, working with databases compensation for salary comparisons, and the management of industrial districts in matters of employee compensation. The topic of Data Services is primarily manages the site Dusseldorf.
Human Capital
The Human Capital division provides advice in the areas of human resources management, particularly on the subjects of total compensation (Total Reward ), Position Review ( Global Grading System), talent management, executive compensation, compensation in sales. The topics are across locations cared for in Dusseldorf and Wiesbaden.
Investment Consulting
The Investment Consulting business is managed from Frankfurt am Main.
Other Areas are:
- Internationally
- Administration & Software
- Legal advice
- Communication
- Time accounts
History
Reuben Watson founded in 1878, the underwriting company R Watson & Sons. By 1910, the company has become the advisor to the British government in matters of social security programs.
1946, founded B.E. Wyatt and seven co-founder of The Wyatt Company as an actuarial consulting firm. During the following decades, the company expanded its activities to other areas of business, including Advice of health care and compensation consulting. In the 1980s, the company expanded global offices in Canada, Europe, Latin America and Asia.
1995 two companies formed a global alliance and began as Watson Wyatt Worldwide to operate. In 2000, the US-based part of the alliance went public and has since been on the New York Stock Exchange ( NYSE: WW) traded. In August 2005, the two individual companies were merged formally with each other.
In Germany Watson Wyatt acquired in mid-2007, Dr. Dr. Heissmann GmbH and expanded its market position in company pension schemes in Germany further. Since then, the company has been operating on the German market as Watson Wyatt Heissmann.
On June 28, 2009 Watson Wyatt and Towers Perrin announced to pursue a merger. The transaction with a total value of $ 3.5 billion will be financed by shares. Together, the two companies would have a turnover of more than three billion dollars. The new company called Towers Watson will have about 13,000 employees.