|By Business Wire||
|July 23, 2014 09:08 AM EDT||
Global professional services company Towers Watson (NYSE, NASDAQ: TW) has been ranked number 21 on the 2014 Global Outsourcing 100® list by the International Association of Outsourcing Professionals® (IAOP®), up from number 71 in 2013. This is Towers Watson's highest ranking to date and marks the fourth consecutive year the company has been chosen for the prestigious list. The company also was named in the top 10 for Best Leaders in Revenue Growth and Best Leaders in Employee Growth.
Towers Watson’s ranking this year was bolstered by the success of OneExchange, the company’s integrated portfolio of private health insurance exchange solutions for full- and part-time active employees and retirees of all ages, as well as new customer acquisition in addition to 100% benefits administration client retention. More than eight million individuals have their pension and health and welfare benefits administered by Towers Watson, and over 800,000 individuals receive health benefits through OneExchange.
The IAOP 2014 Global Outsourcing 100 list recognizes the world’s best outsourcing service providers across all industries, including information technology, sales, and research and development. Companies are judged by an independent panel of experienced outsourcing buyers on four critical characteristics: size and growth, customer references, organizational competencies and management capabilities.
“Towers Watson is proud to provide benefits to the employees, retirees and family members of the world’s finest companies,” said Tony DeNucci, outsourcing operations leader for Towers Watson. “We take our responsibility very seriously — for providing accurate benefits administration, creating an exceptional customer experience and making our company a great place to work.”
“It is an honor for Towers Watson to be recognized for our market-leading operating experience in private health insurance exchanges as well as the sustained performance and growth of our pension and health benefits administration businesses,” said Jim Foreman, managing director of Exchange Solutions for Towers Watson. “The significant rise in our ranking this year reflects our commitment and success in helping employers in the U.S. and around the world navigate the complexities of employee and retiree benefits with world-class outsourcing services.”
“Each year, the competition to be named to The Global Outsourcing 100 list continues to reach higher levels,” said Jagdish Dalal, Chief Advisor, Thought Leadership, IAOP, and Chairman of the judges’ panel. “Given the strong competition, getting named to this list is a great recognition, and Towers Watson should be proud of achieving excellence in the field.”
The complete 2014 rankings were published in the June 16 issue of Fortune magazine in a special feature produced by IAOP.
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Towers Watson has more than 14,000 associates around the world and is located on the web at towerswatson.com.
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