Hewitt Associates, Inc. (HEW)

MyKindaTown (29.24) Submitted: 4/30/07 10:54 PM : Start Price: $29.80 HEW Score: -37.40

I worked at this company, in the main headquarters. Consider that their business is the "people business". They help other companies offer benefits and services to their employees. The funny thing is-- hold your breath there-- they have the WORST turnover in the outsourcing industry. And it's a TREND. What does that tell you about this company?

Yeah, I left too. People have been leaving in droves for years and they just hire more, who promply leave again. I was honored when I left as the CEO resigned as well as his 2nd in command I think. Even the head brass didn't want to stay after he milked as much as he could from the company-- between him and the desire to provide for the shareholders-- the employees SUFFER. That's why they always leave. It's a place that's very shallow-- lots of "feel good" hippie crap but absolutely, positively no substance or anything of value is given back to the employees.

Hence they'll always leave. Hence Hewitt, as large as it is, will pass into mediocrity some day. The benefits of large-scale volume pricing do no good if your employees-- the ones the employees of your clients will be talking to-- don't care.

Well, I could go on for hours here... but bottom line is everything about this company on the inside is cheap. Cheap things don't last.

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