Friday, February 12, 2016

Aon Hewitt Acquires Employee Measurement Solutions Provider Modern Survey

The deal will enhance Aon Hewitt's Global Employee Survey and Talent Analytics capabilities. 

Image credit: Haworth
Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, has acquired Modern Survey, an employee survey and talent analytics solutions provider. Financial terms of the deal were not disclosed.

The deal strengthens Aon Hewitt's suite of workforce analytics solutions, which include business and human capital analytics, employee engagement, onboarding and exit surveys and 360-degree feedback. The deal will also enhance Aon Hewitt's technology, reporting and dashboards that support managers' ability to make decisions and take action.

Founded in 1940 and headquartered in Lincolnshire, Illinois, Aon Hewitt is a global leader in talent and employee engagement, managing more than 9 million records in employee engagement across more than 4,500 organizations in 164 countries. The company provides human resources outsourcing, management consulting and insurance brokerage services to organizations in the US and international market. It offers consulting services in the areas of global benefits, retirement, investment consulting, talent and organization, health and benefits, benefits administration, mergers and acquisitions, and human resource (HR) business process outsourcing services.  

Michael Burke, CEO of Talent, Rewards & Performance at Aon Hewitt, said in a statement: 
"It is increasingly crucial for our clients to attract and retain top talent, but their strategies in this space are often limited to stand-alone one-time snapshots of what engages their workforce," and also added this: "Acquiring Modern Survey will help our clients move to continuous employee measurement, aggregated into an intuitive, user-friendly interface, providing fact-based insights to more effectively drive business and employee engagement and performance. This acquisition is the next step in our strategy to partner with our clients to drive business performance through people."

Patrick Riley, CEO and co-founder of Modern Survey, said in a statement: 
"As the war for talent heats up, companies have to take a more integrated and global approach to measuring human capital across the employee lifecycle that goes beyond just an annual employee engagement survey," and also added this: "The combination of Aon Hewitt and Modern Survey—with its strong research capability, fast and nimble technology, depth and breadth of human capital solutions and global scale—is unmatched in the marketplace."

As part of the transaction, Modern Survey's team of more than 40 Minneapolis-based professionals will join Aon Hewitt's current team of nearly 3,000 Talent-aligned professionals, including 350 colleagues in Aon Hewitt's global Engagement practice. In addition, Modern Survey founders, Patrick Riley, Dan Riley and Don MacPherson, will also assume leadership roles in Aon Hewitt's Talent, Rewards & Performance Practice.

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