Turmoil in financial markets holds wide-ranging implications for employers and their workers. Recent Watson Wyatt analysis and research discusses the impact of the current market conditions.
Worldwide economic decline and the crash of stock markets are the most talked about topics in business today. Many corporations are affected by these events, particularly the financial industry. However, reports indicate that merger activities in the Asia Pacific market have been declining in both volume and activity. Exactly how have merger activities been impacted by the global financial crisis?
Corporate governance involves building a strong ethical culture emanating from the board of directors. It also means putting in place structures and processes to ensure the creation of long-term shareholder value whilst taking account the interests of key stakeholders. Increasingly, corporate social responsibility is seen to be a critical part of good corporate governance.
The ageing population is one of the most powerful forces now affecting employers in Asia-Pacific. The number of employees eligible for retirement is rising each year, and fewer young workers are entering the market in the more developed countries.
Recently, organi-
sations have made cut-backs in almost every aspect of their operating costs, especially salaries... but growth in benefits costs remains in the double digits and shows no signs of easing. New research indicates that companies may be spending money on benefits that their employees don't value or even understand, says Watson Wyatt's Andrew Heard. The survey has researched trends across Asia and identified areas where smart employers need to pay attention...
WorkAsia: Customer Focus Can Revive Employee Engagement
As reflected in the WorkAsia survey report, Watson Wyatt's Deirdre Lander stresses the importance of employee engagement in returning an organisation to stability and profitability after the downturn.
Mergers and Acquisitions: Issues and opportunities in the Economic Crisis
Although the global economy is in recession, companies with sufficient resources should be taking a more proactive approach to M&A. Watson Wyatt's Josephine Chow says companies can widen the gap between themselves and their competitors by leveraging the bottoming economy and their own resources.
The power of integrated reward and talent management
In light of the volatile business environment, companies need to get an even greater return on their investment in reward and talent management programs than is generally the case, says Watson Wyatt's Rachelle Archebal.
Employers in Asia-Pacific are taking short-term steps to control costs in light of the financial crisis. Watson Wyatt's Bob Charles discusses the importance of communicating the long-term strategy to employees.
Recently, organi-
As reflected in the WorkAsia survey report, Watson Wyatt's Deirdre Lander stresses the importance of employee engagement in returning an organisation to stability and profitability after the downturn.
