This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New Absence Management Solution From Aon Hewitt Helps Clients Effectively Design, Manage And Administer Complex Absence Programs

Stocks in this article: AON

LINCOLNSHIRE, Ill., March 26, 2013 /PRNewswire/ -- Aon Hewitt, the global human resources solutions business of Aon plc (NYSE: AON), today announced it has launched 360 Absence Solutions, an innovative and comprehensive approach that combines risk analysis, design, planning and delivery to help companies more effectively manage their absence-related costs, compliance risk, administrative burden and lost productivity.


Aon Hewitt's research and experience shows that undermanaged employee absences can often cost companies between 7 percent and 10 percent of payroll in financial terms alone. However, many companies, including those that have absence management solutions in place, say they are unable to calculate the total cost of absence in their organization. Other organizations report that they do not have the appropriate resources to measure or transform all of the dynamics that cause absence. In fact, recent Aon Hewitt research finds that 87 percent of employers surveyed do not measure the impact or cost associated with absences.

Aon Hewitt's 360 Absence Solutions combines Aon Hewitt's world-class data and analytics tools to analyze employers' existing absence management programs and assess their absence-related risks such as regulatory compliance, attributed costs, administrative burden and employee engagement. Armed with this data, Aon Hewitt's more than 700 absence management consultants provide companies with a holistic framework for developing and implementing integrated solutions that can help transform their absence dynamics.

"An effective absence management strategy is critical for employers, especially because having employees away from work is costly and disruptive. However, the design, compliance and administration of these programs have gotten so complex that even the savviest organizations have trouble effectively managing them," said Cindy Keaveney, executive vice president of Aon Hewitt's Absence and Productivity Management practice. "360 Absence Solutions combines our specialized expertise and sophisticated tools into a single integrated solution and takes the complexity of managing, tracking, quantifying and successfully administering employee absences out of the employers' hands. It addresses absence problems comprehensively, so companies can operate more efficiently against the competition and positively impact workforce productivity."

To provide a holistic and seamless user experience, Aon Hewitt recently launched the 360 Absence iPhone App™, which enables workers to access information associated with their leave of absence or short-term disability in real time. Employees can use the app to perform a number of absence-related tasks, including submitting new claims, reporting time lost from work on an existing claim, accessing their current balance of available time and uploading documentation using the iPhone's camera.

"Managing absence programs can be a confusing and cumbersome process for both employers and employees," added Keaveney. "By leveraging our deep expertise and world-class platforms, we can empower results for clients with a comprehensive absence solution that drives better absence awareness and program outcomes, and gives employees an easier way to effectively manage their absences."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs