Aon Studies: North American Tech Employees' Commitment to Their Organizations At All-Time High.Business Editors CHICAGO and TORONTO--(BUSINESS WIRE)--Jan. 13, 2003 High-Technology @Work Studies Reveal Unexpected Results from the Technology Workforce Two Aon studies released today show that technology workers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada continue to increase their commitment level to their organizations. Aon Consulting's High-Technology @Work studies, which measure workforce commitment separately in each country through a series of questions in the areas of productivity, pride and retention, found technology workforce commitment in both countries at all-time highs. Specifically, Aon's US Workforce Commitment Index (WCI WCI Western Climate Initiative WCI Wright Center of Innovation WCI Whale Conservation Institute WCI Waterloo Collegiate Institute WCI Warren Correctional Institution (Warren, OH) WCI Warrior Concepts International ) in technology stands at 106.9, while the Canadian high-tech WCI - with figures calculated on a different scale than the US - is 103.6. Both figures have gone up from the original benchmark level of 100 while other national WCI measurements conducted by Aon in the past year have gone down. The question is, with all of the tumult, layoffs and general negativity surrounding the industry, "How is this possible?" "There are unique characteristics in the technology workplace that keep people productive and engaged," stated Andrew Thackray, senior consultant with Aon Consulting's Loyalty Institute and the research director of both studies. "Technology employees feel a great sense of collegiality col·le·gi·al·i·ty n. 1. Shared power and authority vested among colleagues. 2. Roman Catholic Church The doctrine that bishops collectively share collegiate power. , autonomy and entrepreneurial spirit in their workplaces and have opportunities to grow their skills, which are all cultural attributes proven by Aon research to drive commitment. Technology organizations need to focus on these attributes and ensure that they remain part of the culture, even in difficult times." Although employee commitment in the tech industry is high, employees report that organizations are failing them in key areas. Results of the latest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. @Work research indicate employees feel management lacks credibility and does not communicate change well, particularly in companies with significant layoffs. Additionally, workers feel they are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. , in terms of both compensation and recognition of talent, and are expected to continue to perform well under ongoing levels of unreasonable stress. These factors can lead to decreased commitment. "Tech leadership has the opportunity to implement low-cost, high-value changes to enhance their employees' commitment and affiliation with the organization," Thackray stated. "Training and mentoring employees, communicating and involving employees in change management strategies, and valuing employees by recognizing work/life issues are key strategies to building a strong foundation, and will further increase employees' pride and commitment to their company." Thackray will present the latest High Technology @Work research on a North American webcast as part of Aon Tech Week, taking place January 13 through 17. The event aims to help technology companies to prepare for the road ahead by arming organizations with the essential information to deal with a variety of business risks, including the productivity and commitment of their workforce. A synopsis of the High-Technology @Work research and a Power Point presentation are available at www.aon.com/techweek. About Aon Aon Corporation is a holding company that is comprised of a family of insurance brokerage, consulting, and insurance underwriting subsidiaries. Aon Consulting is among the top five global human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , with 2001 revenues of $938 million and 7,400 employees in 140 offices throughout the world. Aon Consulting delivers integrated consulting solutions to help clients with employee benefits, human resources outsourcing, compensation, communication and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects . Note to editors: "High-Technology @Work" and "Workforce Commitment Index" are both registered trademarks owned by Aon Consulting. Aon conducted its studies by surveying 872 American technology workers via random telephone samples in 2002, and by questioning 1,222 Canadian technology workers through telephone and Internet surveys during 2001 and 2002. This press release may contain certain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, which are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, changes in commercial property and casualty premium rates, the competitive environment, the actual cost of resolution of contingent liabilities Contingent Liability 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. Notes: 1. and other loss contingencies, the final execution of the business transformation plan, the ultimate cost and timing of the implementation thereof, the actual cost savings and other benefits resulting therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. , whether the Company ultimately disposes of some or all of its underwriting operations, the terms and timing thereof, rating agency actions, the cost and availability of debt and other financing, and events surrounding terrorists attacks of September 11, 2001, including the timing and resolution of related insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. issues. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission. |
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