Your Tech Story

Human resource services

Capita

Capita – The Leaders of Consulting, Transformation, and Digital Services.

The way of doing things has become really easy today. For that, we can thank the internet, various communication channels as well as various outsourcing companies. These outsourcing companies are the aptest for other companies which are in need of people to work for them, without actually sitting inside the very company office. Most of the big names like Amazon, Apple, Microsoft, like to hire a third party for services like customer care or backend admin operations so that they can focus on their core process. Several companies are offering such outsourcing services and are successfully doing their job. London-based Capita is one such name, which is the largest business process outsourcing company in London and is also expanding its operations worldwide.

About the Company

With more than thirty years of experience in the outsourcing industry, Capita is known as the largest company in the very field. The company came into being in 1984 and has become the largest business process outsourcing company in the UK. Capita is known for its BPO and Human Resource services and includes Back office administration, Customer service, Finance & Treasury, ICT & software as well as Corporate services in its catalog of services. The company headquarters resides in London, and over 60,000 people are working for it. Capita’s operating income as per the 2020 records was estimated to be £32.0 million, and it generated revenues worth £3,324.8 million in the FY2020.
Capita has expanded its operations to the UK, Europe, India, and South Africa and operates through three main divisions, i.e., Capita Public Service, Capita Experience, Capita Portfolio. The company’s operations are divided into various sub-departments, i.e., Consultancy division, Healthcare recruitment, Capita Financial Administration, Legal Services, Constructionline, NHS Services, Education Services, and Ministry of Defense Services, etc.

Capita

Capita Success Story

Capita was a division of CIPFA (Chartered Institute of Public Finance and Accountancy) when founded in 1984. In just three years, the division got separated from its parent company and became an independent entity in 1987. In 1991, the company went public on London Stock Exchange. In the next decade, the company saw rapid growth. For the growth, the Capita made some major acquisitions that included Ventura (2011), Team24 (20122), Fire Service College (2013), Avocis (2015), Constructionline (2015), Orange Bus (2016), NYS Corporate events and travel agency (2017), etc.
Along with the multiple acquisitions, Capita expanded to different countries, mainly in Europe, Africa, and Asia. The company also grew its operations to different industries, such as in 2006, it included financial services to its list of services, and in 2011, it added healthcare into its service area. Later, it expanded to legal services, defense as well educational sectors. The company has bagged multiple high-level projects from not only the private sector but also from the governments of different countries. It was awarded a £1.3 billion worth recruiting project from the British army in 2012. The company has shown immense growth in the past twenty years, and its consulting and recruitment wings are the most profit-earning ones.

The CEO at Capita

Jonathan is the residing CEO at Capita. He is a Geology graduate but has worked in the technology industry for past many years. Lewis received a Bachelor’s degree from Kingston University and has completed a PhD in Geology from the University of Reading.
Lewis started his career as a research fellow at Imperial College London and then, joined the Heriot-Watt University as the Geology Lecturer and Commercial Research Manager. In 1996, Lewis started to work at Landmark Graphics Corporation, where he held job posts like the Vice President of Marketing and Innovation. After working for ten years at Landmark, he became the Senior Vice President of the completions and production division at Halliburton. In 2016, Lewis became the CEO at Amec Foster Wheeler and worked for a year and a half at the company. Lewis left the job at Amec and joined as the Chief Executive Officer of Capita in December 2017.

LifeWorks

LifeWorks – A professional services company that was originally famous as Morneau Shepell.

LifeWorks is a leading human resource services and technology company founded in 1966. The company was previously known as Morneau Shepell and in May 2021 the shareholders voted to change its name to LifeWorks. It is a publicly-traded company with headquarters based in Toronto, Ontario, Canada.

The services provided by the company are administrative outsourcing, health, and benefit, management, asset, and risk, etc. LifeWorks is listed on the Toronto Stock Exchange and currently has a market capitalization of $2 billion. The company has made several big acquisitions over the year and offers services to more than 24,000 clients across the globe.

About LifeWorks

The main goal of LifeWorks is to offer personalized solutions to the people who need it and how they need it. In the digital era, every solution in every sector needs to combine with technology to deliver results that are optimal for the customers. So, LifeWorks combine its solutions with AI-based technologies that are simple and easily accessible for HR people. LifeWorks offers financial strategies, physical and mental support, and also choices for building strong social relationships. It covers every aspect of a person’s life to make a real difference in the community.

History of Morneau Shepell

Back in 1966, Frank Morneau founded an actuarial and consulting firm called W. F. Morneau & Associates. The first US office of the company was established in 1987 and after five years established a strategic alliance with Coopers & Lybrand. This alliance led to the acquisition of pension consulting and actuarial business of the latter by Morneau. In 1996, the company launched its administrative outsourcing practice and next year merged with Sobeco. The new company was named Morneau Sobeco where Bill Morneau became the new President and CEO.

After the merger, the company made its first acquisition in 1998 with the Canadian pension consulting firm Deloitte & Touche. After stepping into the 21st century, the company became an income trust, Morneau Sobeco Income Fund (MSIF) in 2005. Morneau eventually started to expand geographically and that led to the acquisition of several companies. In 2006, Morneau acquired Health Benefits Consulting (a Canadian firm) followed by the defined benefit pension business of Cowan Benefits Consulting in 2007.

In 2008, Morneau acquired Shepell-FGI which was the country’s largest provider of employee health and productivity solutions. After the acquisition was completed, Morneau Sebeco’s name was changed to Morneau Shepell. The acquisition was completed for $321.9 million from the Clairvest Group. In the same year, the company also acquired an actuarial firm, Leong & Associates.

LifeWorks
Image source: businesswire.com

Recent Events

In 2011, Morneau Shepell restructured its income trust (MSIF) into a public corporation called Morneau Shepell Inc. The same year it also acquired Jacques Lamarre & Associates to expand its presence in Quebec. In 2012, Morneau acquired a Canadian pension and benefits administration firm, Mercer Canada. To enhance its benefits administration platform, the company acquired SBC Systems in 2012. In 2013, Morneau acquired two companies, namely, Collage Pediatric Therapy and the worker’s compensation business of Dion Durrell.

In 2014, Morneau acquired Blue Ballon Health Services which is one of the many companies it acquired in the healthcare sector. It also acquired Pacific Risk Management Corp and Groupe AST in the same year. Next year, Morneau acquired another healthcare business (health and welfare benefits administration of Ceridian). In 2016, Morneau completed its 50th anniversary. In 2018, it acquired LifeWorks and decided to change its name three years later. Some of the other companies acquired by LifeWorks are MorningStar Health, Pro-Health Group, Chestnut Global Partners, etc.

Stephen Liptrap – President and CEO of LifeWorks

Stephen Liptrap, the current CEO and President of LifeWorks joined the company in 2008 as a member of the senior executive team. When he joined LifeWorks, he had 25 years of experience in the retail and packaged goods sector. He became the general manager and executive VP of the company’s largest business unit. Liptrap has also played his role as the COO of the company for almost a year. He graduated from Harvard Business School in 2016. He is also a Certified Human Resources Executive.