Willis Towers Watson

Assets of world's largest fund managers increase by over 15% to US$94 tril

SINGAPORE (Oct 29): The total assets under management (AUM) of the world’s top 500 fund managers surged to US$9.8 trillion ($13.5 trillion) in 2017, 15.6% higher than 2016, according to the latest Global 500 research from Willis Towers Watson’s Thinking Ahead Institute.

Moreover, the concentration of assets managed by the top 20 largest managers have reached an all-time high since inception in 2000, and now account for more than 43% of the top 500 managers’ total AUM.

Challenges faced by Asia Pacific employers as salaries continue to grow

SINGAPORE (Oct 2): For the first time since 2014, salary increases across 17 markets in Asia Pacific saw a mild 0.1% y-o-y rebound this year, according to the latest Salary budget Planning Survey Report (Q3) by Willis Towers Watson.  

In a press release on Tuesday, the global advisory firm says it expects the gentle upward trend to continue through 2019 due to the region’s realistic outlook for business results this year, with 60% of those surveyed expecting their company performance this year to be in line with that of 2017.

Asia Pacific employers still fall short of fixing the compensation divide, finds survey

SINGAPORE (Sept 18): Over half the companies in Asia Pacific are failing to compensate their staff effectively and fairly, suggests a new study conducted by Willis Towers Watson.

According to findings from the firm’s 2018 Getting Compensation Right Survey, a third of the region’s employers are still paying incentives to employees who do not meet their expectations, while four-fifths reduce their payouts to top performers when their actual incentive funding levels fall below target.

Singapore's CPF ranked 9th pension fund in the world

SINGAPORE (Sept 3): Singapore’s Central Provident Fund ranked 9th in the global provision fund, according to the latest global 300 research from Willis Towers Watson’s Thinking Ahead Institute.

The city state maintained its position from the previous year with its assets amounting to US$269.1 billion ($369 billion).

This year, Asia featured prominently with a total of seven pension funds in the top 20. Apart from Singapore, Japan’s Government Pension Investment also maintained its top spot with its assets totalling US$1.44 trillion.

Asia Pacific salary budget increases projected at 6.1% for 2018: Willis Towers Watson

SINGAPORE (Dec 14): Increases in salary budgets across 21 markets in Asia Pacific are expected to average at 6.1% for 2018, up from 5.9% in 2017, according to Willis Towers Watson’s 2017 Asia Pacific Salary Budget Planning Report.

The salary increases projected for next year reflect expectations for economic growth in the region that’s more steady than steamy, with the pickup arresting two years of slowdown.

Although the survey looks at salary budget forecasts, Willis Towers Watson research also shows that actual budgets more often come in lower than projected.

Survey finds 'serious disconnect' on perceived value of workplace benefits in Singapore

SINGAPORE (Nov 15): The majority of Singapore’s workforce is less than satisfied with their workplace benefits, contrary to what employers might think.

This is according to advisory and broking firm Willis Towers Watson, who says that 63% of local employers believe their staff highly value their benefits packages – while in reality, only 45% of employees would agree.

Findings from the 2017 Willis Towers Watson Asia Pacific Benefit Trends Survey reveal what the firm calls a “serious disconnect” on the perceived value of these packages.

What Singapore employees actually want is not what their employers expect

SINGAPORE (March 29): There are quite a few disparities between Singapore’s employer and employee views on what should be prioritised within a company – giving rise to likely contributing factors to companies’ current struggles with talent attraction and retention, according to recent data from two surveys conducted by Willis Towers Watson.

Singapore employers struggling to attract, retain top talent: survey

SINGAPORE (Feb 22): Employers in Singapore are struggling to attract and retain top talent, according to a Willis Towers Watson survey of more than 2,000 companies globally.

Three in four employers here say they are struggling to attract top-performing employees, while 56% reported challenges in retaining these talents.

Salary growth in tech sector to overshoot banking sector in 2017

SINGAPORE (Nov 29): Singapore banking salaries are set to grind to a 3% growth rate, falling behind the 4% growth in tech sector salaries for 2017, according to the 2016 Asia Pacific Salary Budget Planning Report by Willis Towers Watson.

This is reflected in Asia Pacific as well, with banking sector salaries set to grow by 4.8% in 2017, the second slowest rate of salary growth among industrial sectors in the survey. The survey received responses from 4,000 respondents across industries and job grades.

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Singapore seen as worst APAC country for workplace gender equality

SINGAPORE (Oct 31): Gender disparity in Singapore’s workplace has yet to become a thing of the past. At least, that is how 63% of the city state’s respondents to the Women in Leadership in Asia Pacific report see it.

The recent study was jointly developed by Willis Towers Watson and The Economist Corporate Network, and its results were presented and discussed at a diversity event at The Arts House on Oct 27.

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