When you think of Willis Towers Watson, “software” is probably not the first thing that comes to mind. As a leading consulting provider with over 40,000 employees in 140 countries, corporations use Willis Towers Watson’s services to help them grow, develop and retain talent. This firm has a reputation for expertise and excellence in delivering HR solutions to complex organizations. But, what might surprise you (and it surprised me) is its’ commitment to innovation and world-class technology. Willis Towers Watson has a suite of solutions that includes compensation software, assessments, engagement solutions, HR portals, and analytics. These are not traditional or outdated solutions but rather solutions that provide a modern, simple experience and innovative, next generation capabilities. What sets it apart and why I was so impressed with this provider is the combination of software, services, and reliable data. It doesn’t excel in just one of these areas. It provides expertise in all three and offers its customers what seems to be so rare in HR technology…a true partnership.
Each month, we select a different provider to profile that has impressed us and Willis Towers Watson is this month’s selection. Below are some of the more innovative solutions:
– Compensation Software: Compensation is a top priority for organizations this year. When we asked companies what they are looking for in a provider, 1 in 2 companies said the ability to support growth at their organization. Companies want a partner that understands the complexities of compensation management, the dynamics of an evolving market, and can provide the expertise and insight to help them make more strategic decisions. Willis Towers Watson offers a solution to help companies design and analyze and manage their compensation programs with capabilities that include competitive benchmarking, salary structure design, job leveling (to achieve a balance across an organization), and reporting and analytics.
– Engagement Solutions: Engaging employees is one of the greatest challenges facing HR professionals today. According to our 2018 Hire, Engage, and Retain survey, companies that invest in engagement software are 4 times more likely to retain employees and 2 times more likely to improve organizational performance. Willis Towers Watson offers more than just surveys. It offers solutions that measure engagement efforts and create an action plan to improve engagement efforts. It offers pulse surveys – a high growth area of HR tech that 1 in 2 companies plan to increase investment in over the next year. One global consumer goods company decided to implement pulse surveys to better understand local concerns and compare that to the larger employee engagement survey.
– HR Portal: The HR Portal software has several benefits including a better approach for employee communication and engagement. This solution is personalized to the individual so he or she receives information that is relevant and unique to them. The portal is branded to reflect company goals and objectives and includes case management, total rewards dashboards, and analytics. One financial services client with over 80,000 employees uses HR Portal to increase employee participation in total rewards programs and showcase the company brand.
HR technology seems divided between traditional providers (with outdated technology) that are able to support complex global organizations and startups that offer more innovation but lack the security and flexibility that large organizations need. Willis Towers Watson is proving that organizations do not need to sacrifice one for the other. They can have the expertise and the innovation across a suite of solutions.
