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Aon Hewitt Launches its Best Employers Thailand 2015 Program
Recognizing Employers who Empower Results

Bangkok, March 20, 2014 - Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), in conjunction with its academic partner, Sasin Graduate Institute of Business Administration of Chulalongkorn University, Thailand’s leading educational provider for graduate management studies, has launched the Best Employers 2015 Program in Thailand.

The Aon Hewitt Best Employers Program was first conducted in Asia in 2001. Best Employers is more than a study; it is an on-going service designed to improve companies’ employee engagement, leadership effectiveness, employer brand and culture to drive high performance. Best practices in talent management and benchmark reports are shared, with each participating company comparing itself with other aspiring or recognized Best Employers.

Sasin and Aon Hewitt's partnership began in 2003. The collaboration is a great fit as both organizations strive to understand and promote Human Resources and talent management best practices. The study, research program and subsequent awards promote the understanding and practices of what it takes to be a 'best employer' and the initiatives companies put in place to engage and retain their talent.

“You can’t manage your human resources if you don’t measure your employees’ opinions and your HR practices.  The Best Employers Thailand 2015 program combines Sasin’s strength in the theoretical side with Aon Hewitt’s practical expertise in human resources management and measurement.  Participating in the survey will put your organization on the path to HR success and high performance,” says Dr. Siriyupa Rooongrerngsuke, Head of Human Resources Program, Sasin Graduate Institute of Business Administration of Chulalongkorn University.  “Sasin has enjoyed our partnership with Aon Hewitt for the past 11 years and we look forward to many more years working together.”

Aon Hewitt’s 12 years of Best Employers research in Asia Pacific, incorporating insights from over 4,300 registered organizations, provides striking evidence that a committed and productive workforce delivers stronger business results. Aon Hewitt’s Best Employers Program has become the most comprehensive study of its kind in Asia Pacific. It is conducted in 12 markets: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand, as well as Australia and New Zealand. The research involves a rigorous process conducted over a nine-month period, which culminates in a solid, credible list of Best Employers. In 2013, nine organizations received eleven Best Employers awards in Thailand:
 

Aon  Hewitt  Best  Employers  2013  Thailand  Awards

Company Name

Best of the Best

Mc Thai Company Limited

Best Employer 2013

Advanced Info Service PLC

Best Employer 2013

Advanced Contact Center Co., Ltd.

Best Employer 2013

DHL Express International (Thailand) Ltd.

Best Employer 2013

MARS Thailand

Best Employer 2013

Samitivej Public Co., Ltd.

Best Employer 2013

Sizzler (SLRT Limited)

Best Employer 2013

TISCO Bank Plc.

Best Employer 2013

The Pizza Company

Best Employer
Commitment to Engagement

Samitivej Public Co., Ltd.

Best Employer for Generation Y

Advanced Contact Center Co., Ltd.

The most noticeable trends that emerged in last year’s Best Employers research in Thailand were:

  1. Real Business Benefits are achieved by Best Employers: Best Employers attained 33% higher growth in revenue growth (16% in the past year) compared to the study participants’ 12% average growth). Best Employers also attained an 8% attrition rate, 5% less than the study participants’ average of 13%. Finally, Best Employers successfully filled more than twice the number of job openings internally (48%), when compared to study participants (21%).

 

  1. People Challenges are highlighted by CEOs: Almost 80% of participating CEOs mentioned people issues as their biggest business challenge. “The top two issues identified by CEOs – the availability and selection of talent, and the organization’s ability to attract and retain talent  –  underscore that people issues are a major priority in their business agenda", said Napas Sirivarangkul, senior consultant and engagement solution lead with Aon Hewitt in Thailand.

 

  1. High Employee Engagement: Best Employers have significantly higher engagement scores than the Thailand market average (83% vs. 62%). “Employees at Best Employer organizations exhibit significantly higher scores in critical engagement behaviors, such as the desire to remain a member of the organization, to expend extra effort, and to wholeheartedly perform work that contributes to business success”, said Booraya Takerngrangsarit, Best Employers project manager in Thailand.

 

  1. Compelling Employer Brand: The most prevalent messages Thailand employers are emphasizing in their employer brand are: Pride, Learning, and Recognition. However, only 13% of the participating organizations reported complete alignment between the CEO and HR on the definition of their employer brand.

 

  1. Effective Leadership: 100% of the Best Employers in Thailand utilize formal processes to identify high potentials, as compared to 64% of the participating average. The percentage of job openings filled internally at Best Employers is 48%, while the market average is less than half of that at 21%.

 

  1. High Performance Culture: Based on Aon Hewitt research, high performing companies show clear accountability, have employees who feel supported by their managers, and consistently reward and recognize their employees. 73% of the employees at Best Employers agreed that “I am paid fairly for the contributions I make to the organization’s success”, compared with 46% market average. Best Employers also provide growth opportunities that are aligned with the future needs of the organization: 85% of the employees at Best Employers confirmed that “The way we manage performance here enables me to contribute as much as possible to our organization’s success”, compared against the 58% market average.

While the Best Employers program recognizes organizations that display standards of excellence, the journey to get there is one that Aon Hewitt recommends for every organization to embark upon. “For organizations that don’t make it to the Best Employers list, but are aspiring to become Best Employers, we want to reinforce that becoming a Best Employer doesn’t happen overnight,” says Gabriela Domicelj, Asia Pacific engagement practice leader and Best Employers Study lead at Aon Hewitt. “It is possible for everyone to become a Best Employer, if you’ve articulated the destination you want to head to, and have planned your journey wisely.”

Participation in Aon Hewitt’s Best Employers program brings a wide range of benefits for organizations, such as finding out how employees perceive and rate their employer, the reasons why they are attracted to certain employer brands, and the type of organizational culture they value sufficiently to “stay and strive”. The study also provides a benchmark against competitors in the market. Participating organizations gain access to Aon Hewitt’s latest market research insights, along with the best and most innovative people practices of Best Employers, through exclusive access to a participants’ online network and a digital library of best-practice talent-management case studies.

To find out more about the Aon Hewitt Best Employers Asia Pacific 2015 Program, please visit http://www.bestemployersasia.com

To find out more about Aon Hewitt Best Employers Thailand 2015 Program or to start your Best Employers Journey, email: bestemployersthailand@aonhewitt.com.

About Aon Hewitt

Aon Hewitt empowers organizations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organizational and personal performance and growth, navigate retirement risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness.  Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide.  For more information on Aon Hewitt, please visit www.aonhewitt.com.

About Aon

Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.

About Sasin Graduate Institute of Business Administration of Chulalongkorn University

Sasin Graduate Institute of Business Administration was established in 1982 as a collaboration among Thailand’s leading university (Chulalongkorn University) and two of the world’s foremost business schools: the Kellogg School of Management at Northwestern University and The Wharton School of the University of Pennsylvania. Sasin is the first internationally accredited business school in Thailand, with both AACSB and EQUIS accreditation. Programs (taught in English) include: MBA, Executive MBA, Human Resource Management (HRM), and Ph.D. Sasin also offers Executive Development seminars, a Senior Executive Program (SEP) and in-company programs, and does extensive consulting work for local, regional and global organizations.

Media Contacts:

 

Thaniya Kritsadavorakul
+662.305.4700
thaniya.kritsadavorakul@aonhewitt.com

Nittaya Tongtajit
+66.86.979.7549
nittaya.tongtajit@aonhewitt.com

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