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Organizations can achieve greater productivity and employee engagement with improved performance management, new research finds
Globenewswire· 2025-10-29 15:57
Core Insights - Nearly half of organizations believe that optimizing performance management could boost productivity by at least 10% [2] - A significant number of organizations are integrating AI and skills into their performance management processes to enhance effectiveness [4][5] Performance Management Optimization - 39% of organizations report that their performance management processes effectively meet employee expectations for clear goals, regular feedback, and fair ratings [2] - Only 20% of organizations find managers effective in providing coaching and feedback, highlighting a gap in managerial capabilities [3] AI Integration - 37% of organizations are currently using AI in performance management, with goal setting (44%) and development plans (40%) being the most common applications [4] - A similar percentage of organizations are considering the adoption of AI to improve performance management processes [4] Skills Integration - 54% of organizations have incorporated skills into their performance management, primarily for learning and development (78%) and goal setting (40%) [5] - Only 18% of organizations utilize skills for pay decisions, indicating a potential area for growth [5] Performance Ratings - Approximately 45% of organizations use a five-point rating scale, with over half either having changed or considering changes to their rating scales [6] - Organizations are seeking simplification and fairness in performance ratings to enhance differentiation [6] Pay for Performance - High-performing employees receive merit increases that are more than twice as large compared to average performers at one-third of organizations [8] - The primary reasons for implementing pay for performance include rewarding high performers (68%) and motivating employees (53%) [8] Research Methodology - The findings are based on the 2025 Performance Management and Pay for Performance Virtual Focus Groups, which included 280 registrants for performance management and 208 for pay for performance [10]
WTW to Announce Third Quarter Earnings on October 30, 2025
Globenewswire· 2025-10-08 20:47
Core Viewpoint - WTW is set to announce its third-quarter financial results on October 30, 2025, before market opening [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 9:00 a.m. Eastern Time on the same day [2] - A live webcast of the conference call will be available on WTW's website, and an online replay will be accessible shortly after the call [2] Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving 140 countries and markets [3] - The company aims to help organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [3] - WTW collaborates closely with clients to uncover opportunities for sustainable success [3]
WTW Increases Share Repurchase Program by $1.5 Billion
Globenewswire· 2025-09-18 20:00
LONDON, Sept. 18, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $1.5 billion. The $1.5 billion increase is in addition to the approximately $200 million remaining on the current open-ended repurchase authority. The Company is authorized to repurchase shares, by way of redemption or otherwise, and will consider whether to do so from tim ...
WTW to Announce Second Quarter Earnings on July 31, 2025
Globenewswire· 2025-07-09 21:00
Core Viewpoint - WTW is set to announce its financial results for the second quarter on July 31, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 9:00 a.m. Eastern Time on the same day [2] - A live webcast of the conference call will be available on WTW's website, with an online replay accessible shortly after the call [2] Group 2: Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving 140 countries and markets [3] - The company aims to help organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [3]
Political polarisation is rising globally and posing new challenges for businesses, according to Willis latest report
Globenewswire· 2025-06-25 08:44
Core Insights - The latest Political Risk Index by Willis indicates that rising political polarisation is linked to increased political violence and unpredictable government policies [1][2] Group 1: Affective Polarisation - Affective polarisation is at a historic high globally, with individuals increasingly viewing supporters of opposing political parties as hostile [2] - Countries experiencing violent political conflicts show the highest levels of polarisation, with democracies like the US, Germany, India, Brazil, and Bulgaria seeing the fastest increases [2][4] Group 2: Ideological and Elite Polarisation - The index also examines ideological polarisation, which reflects the extent of agreement on core policy issues, and elite polarisation, which measures how political rivals view each other as legitimate [3] - The US is unique in that it has seen rapid increases in affective, ideological, and elite polarisation over the past 15 years [3] Group 3: Historical Context and Trends - Historical data from over 200 countries shows that surges in polarisation often follow economic crises or corruption scandals, leading to the rise of populist movements and increased political violence [4] - Positive trends have been observed where truth and reconciliation processes, cross-party coalitions, and transparent investigations have led to reductions in political polarisation [4] Group 4: Business Implications - The director of political risk analytics at Willis highlights the correlation between polarisation and political violence, noting that businesses face growing challenges in increasingly polarised societies [5]
Navigating Supply Chain Risks and Insurability
Globenewswire· 2025-05-15 08:00
Core Insights - WTW launched its 2025 Global Supply Chain Risk Survey, revealing significant shifts in supply chain risk management among businesses [1][2] Group 1: Survey Overview - The survey involved 1,000 senior decision-makers from companies with annual revenues exceeding $250 million, including risk managers, supply chain and logistics managers, and CEOs [2] - Conducted in November 2024, the survey serves as a follow-up to the 2023 Global Supply Chain Risk report [1][2] Group 2: Key Findings - Cybersecurity and supplier contract vulnerabilities are now critical concerns in enterprise risk management [6] - Digital transformation and data availability are prioritized, with a focus on aligning supply chain goals with broader organizational objectives [6] - Companies are enhancing executive oversight and forming specialized risk management teams, indicating opportunities for future development despite existing gaps in comprehensive risk management strategies [6] Group 3: Expert Commentary - Simon Sølvsten emphasized the complexity of supply chains and the challenges in maintaining oversight of inherent risks for organizational resilience [4] - Hugo Wegbrans highlighted the need for thorough risk understanding and quantification in the insurance industry to ensure appropriate premium pricing and competitiveness [4]