General Insurance Article - Aon Hewitt acquires Modern Survey


Aon Hewitt, today announced it has acquired Modern Survey, an employee survey and talent analytics solutions provider that enables companies to more effectively understand their workforce and drive business performance by creating an aggregated, holistic view of the employee lifecycle— from the candidate experience, new employee onboarding to engagement and exit interviews.

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

 "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," said Michael Burke, CEO of Talent, Rewards & Performance at Aon Hewitt.

 "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."

 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. The three Modern Survey founders,

 Patrick Riley, Dan Riley and Don MacPherson, will assume leadership roles in Aon Hewitt's Talent, Rewards & Performance Practice.

 "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," said Patrick Riley, CEO and co-founder of Modern Survey. "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."

 Financial terms of the transaction were not disclosed.
  

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