Largest independent insurance brokerage and consulting group evolves its employee benefits business to better meet client needs
HONG KONG, Oct. 7, 2022 /PRNewswire/ -- Lockton Companies, the world's largest independent insurance brokerage and consulting group, announced today an evolution in its business as its employee benefits practice has become Lockton People Solutions.
Lockton's People Solutions practice consists of solutions supporting their clients in the areas of employee experiences and engagement, total rewards and benefits, and measurement and management of their programs.
"How we talk about our business needed to evolve to better reflect today's changing marketplace and how we advise and support our clients," said Tom Schaffler, Lockton's People Solutions Executive Committee Chairman in the U.S. "More than simply managing benefits programs, employers around the world need help engaging their workforce, recruiting and retaining talent, and driving efficiency for their business. Lockton People Solutions better reflects how we help our clients achieve these goals."
The launch of Lockton People Solutions comes at a time when the way people work is being challenged, and employers are under increasing pressure to attract and retain their talent. Companies must now not only offer compelling benefits packages but also create positive employee experiences and drive engagement, understanding and satisfaction. And they must do this while continuing to find efficiencies.
"Our presence across Asia positions us closer to our clients and the people problems they need help solving," said Rachael Tay, Head of People Solutions – Asia Pacific. "We understand the diverse cultures and mindsets of Asian employers and employees. Now more than ever before, we need to speak their language and offer customizable solutions that enable stronger talent attraction and retention. We are evolving to stay relevant."
Lockton's People Solutions practice helps organizations become more successful and make people's lives better by delivering a suite of solutions to meet the needs of companies operating in today's environment. For more information about Lockton's People Solutions practice and the suite of capabilities within, visit Lockton.com/peoplesolutions or reach out to the local Lockton office.
About Lockton
What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 9,500+ Associates doing business in over 125 countries to focus solely on clients' risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.
For 14 consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." Lockton was named among the 2021 Best Managed Companies by Deloitte and the Wall Street Journal, a program that recognizes excellence and honors private companies for their strategy, execution, culture, and financials. For more information, visit www.lockton.com.
About Lockton Asia
Lockton Asia is the fastest growing region of Lockton Companies. Lockton Asia currently operates in 14 markets with 18 offices across Asia, employing over 900 associates. At Lockton, we are passionate about serving our clients, developing our associates, and giving back to our communities. For more information, visit global.lockton.com/apac
FOR MORE INFORMATION:
Helen Lo, +852 2250 2681, helen.lo@lockton.com
