State wants company's jobs, not its business.(Hewitt Associates Inc.)

Business North Carolina | March 1, 2006| | Copyright

When a company offers to create 900 well-paying jobs, it's usually a no-brainer for the state Commerce Department. Officials craft an incentive package to cinch the deal and rush to get it signed before another state ups the ante.

But it's not so simple when the company offering to create the jobs is Lincolnshire, Ill.-based Hewitt Associates Inc., a human-resources outsourcing and consulting company. Hewitt makes money--about $2.8 billion in revenue in 2005--mostly by persuading companies to get rid of HR and other employees and let it do their work. Which means ...

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