Performance & Analytics, Contact Us Partners Business leaders expect more from HR. change your settings to decline them, but you won't be able to use this website. Within this job module, youll find a wide range of highly-targeted energy job families, including: To request a list of jobs included in our energy and renewables job module, or the full Radford Global Compensation Database, please click here. News from Aon - Canadian Employer Medical Benefit Costs to Grow 7.0 } With Aon at your side, youll gain access to a wealth of global insights. Let us know how we can help and a member of our team will be in touch shortly. 2023 Aon plc. Compensation Surveys - Rewards Solutions at Aon We're on a mission to help clients reimagine rewards. After identifying key talking points, seeing the big picture, and crafting your firms reward narrative, it is time to begin shifting the focus to year-end, which will be here before you know it. Close the Future Skills Gap McLagan | Compensation Survey Data for Commodities Firms With the Radford Global Compensation Database at your side, you'll have the insights you need to make pay decisions with confidence and achieve buy-in from board members, business leaders, employees and investors alike. Aon can assist you as much or as little as you would like in your remuneration benchmarking exercise, drawing from our experience, and wealth of market data. Digging into the detailed results on a business, functional, and key role basis will create a more specific line of business narrative. If you do not wish to receive these communications, please check here: Site Map | Privacy Statement | Cookie Notice | Do Not Sell or Share My Personal Information | Cookie Preferences In North America, 8% of surveyed firms report layoffs, while another 18% of firms are actively considering such actions. We chose Aon as our compensation survey provider not only for access to their broad and global data, but for their in-depth comprehensive analysis, intuitive survey results and online reporting tools. To learn more about our full database, spanning 20+ million employees at 6,350+ companies, explore the map below: Were focused on supporting innovation-based companies operating in highly competitive markets for talent. All McLagan surveys are designed to empower decision-makers to set pay with confidence across numerous rewards elements on a job-by-job basis and cover all direct forms of pay, including: In addition, our surveys capture data elements such as spot recognition awards, billable hours and more. They remember your preferences and help us understand what is most useful The survey was conducted among 105 Aon offices, each one representative of a country, that broker, administer, or otherwise advise on employer-sponsored medical plans in each of the countries covered in this report. In the energy and renewables sector, a few of our amazing clients include: Of course, the list above only scratches the surface of the 261 energy clients in the Radford Global Compensation Database. The McLagan Management Summary shows a job based overview of your firms competitive positioning across each survey, providing a high-level diagnostic for key compensation elements. Compensation survey results can also provide a macro view on total compensation spend, offering a valuable perspective on how to make allocation decisions. Preparing for the digital future of work is not just about the technical skills of the people you hire in the short team. Radford is far-and-away the most comprehensive technology-focused survey in the market! Aon plc. To learn more about our coverage of the energy sector and how our survey platform works, click the links below: The Radford Global Compensation Database provides compensation, human resources and total rewards professionals with access to incredible insights spanning a wealth of companies, employees and countries on a unified survey platform. Survey Services, ANALYTICS Private Companies (all industries), MARKET PRACTICE STUDIES Allow Aon's Broad-Based Compensation consulting services to help you anticipate and solve your most complex compensation and talent-related challenges. Accelerate Your Workforce into the Future On-demand Webinars, Rewards On-demand Webinars, Rewards Complete study results are available here. Total Compensation Measurement and Variable Compensation Measurement are trademarks of Hewitt Associates LLC, #elq-form{ We'll be in touch shortly. People matterthey remain the heart and soul of your company. Employee Rewards Retail and E-commerce Read this cookie notice to learn more. Insurance carriers of all kindsincluding property and casualty, life, brokerage, P&C reinsurance and specialty insurance firmsrely on the McLagan survey platform to meet their compensation benchmarking needs. Survey Disclaimer: This summary report provides general information and data as an informational resource for Aon clients and business partners. Aon and other Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. It covers: The survey reports on: Overall, general and merit salary increase budgets Mandatory merit increases granted Purchase Now Why Participate? Sales Compensation Compensation Surveys: We help HR teams at companies of all sizes benchmark base salaries, short-term incentives, . Our world is changing fast, and your partners need to evolve along with it. The focus should be on allocating compensation more effectively, including differentiating for individual performance and ensuring that top performers are paid competitively for their contribution. By using this site, you agree to the Terms of Use, From associate to C-level positions, the Radford Global Life Sciences Survey is the gold standard for providing the most comprehensive and complete source of compensation data in the industry. Some client needs can be met with standard benchmark surveys, but oftentimes organizations need the added assurance that is provided through a custom salary survey. McLagan Data & Analytics McLagan | Compensation Surveys Our survey provides HR and compensation professionals with access to customized compensation data, analytics, and expertise spanning: 331. For specialty carriers looking to assess their employee pay levels and manage their overall compensation spending, we offer a compensation survey designed to gauge the competitive U.S. market for professional roles within the industry, breaking out data by specialty lines of business. Executive Compensation - Rewards Solutions at Aon This survey gives you access to all the right benchmarking data you need for a more efficient compensation program. Build a Future-Ready Boardroom Sales Professionals (all industries) U.S. In-Demand Technology Skills Compensation Survey | Aon Human Capital Executive Compensation Between Aon's March and April surveys, a span of three weeks, the prevalence of companies in North America delaying or cancelling salary increases for employees grew from 14% to 32%. Request a Demo Learn More Regional and Community Banking Build a Future-Ready Boardroom Insurance Brokerage Compensation Survey To provide a rewards approach that better supports the needs of Millennials, there are six key strategies employers can implement. All personal information is collected and used in accordance with our Cookie Notice. Accelerate Your Workforce into the Future, | Do Not Sell or Share My Personal Information, Better aligns your business strategy with actual revenue goals, Drives top performance behavior for optimal results, Consolidated source of information for all broad-based variable pay plans, Competitive pay and detailed design information in a single report, Cash variable pay plans and special recognition plans, Data is reported for all broad based variable pay plans, Detailed information on effectiveness of plans, Special cuts and analysis available upon request. Site Map| Email Preferences | Legal | Privacy Statement | Cookie Notice | Do Not Sell or Share My Personal Information | Cookie Preferences Enable the Future of Pay Pay Benchmarking | Aon TRP Site Map| Survey Data Policy | Email Preferences | Legal | Privacy Statement | Cookie Notice | Do Not Sell or Share My Personal Information | Cookie Preferences A proper analysis of your compensation survey results should provide insights for setting up merit budgets, bonus pool size, incentive plan design changes, and overall reward strategy. Corporate Governance Start by leveraging the data youve received and the insights youve gathered from the market to make changes within your firm. Enable the Future of Pay This data comes at a pivotal time for our clients. | Do Not Sell or Share My Personal Information. Countries and industries where data is currently available. Data was collected in June and July 2015 from 16,417 employers in 120 countries, including over 600 organizations across the GCC. All rights reserved | Email Preferences | Legal | Privacy Statement | Cookie Notice | Do Not Sell My Data (US ONLY)| Cookie Preferences, Understanding the 3 Types of HR Data to Leverage in Workforce Planning, 3 Biggest Risks Impacting Human Capital: Why HR Leaders Must Seize the Opportunity to Act Now, Embracing the Power of Agility: Moving From a Business Process to a Human Capital Solution, The Future Of Business: How Artificial Intelligence Can Drive Organizational Change, Video: 3 Biggest Challenges Facing HR Professionals Today, How Design Thinking is Transforming the Future of Employee Assessment, Reimagining Rewards: How to Compete for Today's In-Demand Digital Talent - and Win, With Salaries and Bonuses Projected to Increase, U.S. Employees Can Expect a Pay Hike in 2020, First Look at Chief Human Resources Officer Compensation Trends in 2019, Our Clicks Are Changing Our Bricks: How Tech Is Reshaping Our Lives, Case Study: How Aon Drives the Search for Top Tech Talent, Refining Rewards for the Millennial Generation, Using Job Architecture to Enable Digital Transformation, When Demographics Shift: Managing The Dynamics Of An Aging Workforce, 2019 Pay Trends: First Look at CEO Compensation, Participate in the 2019-2020 Salary Increase Survey to Keep Your Compensation Strategy Competitive, The Power in Your People: Why Data and Empathy are Both Needed to Drive the Digital Future of Work, 5 Tips to Effectively Communicate Merit Pay Decisions, Staying Ahead of the Curve: Tech Convergence in Financial Services Q&A, Getting Started with Your Compensation Survey Results. Here's how we plan to make that happen for you: The rest of the world is catching up to what HR already knowsdata is currency. Product Release Notes Key compensation details available in all countries include: We partner with thousands of the world's most innovative companies every year to help them create market-leading rewards programs. *, Business Phone In addition, their survey consultants are superb and never fail to deliver top-quality service and products. Aon Hewitt Global Salary Increase Survey contains data on key changes in employee compensation in 2015 and projections for 2016. Aon conducted the survey, Adjusting Total Rewards Programs and Workforce Strategies in Response to COVID-19, between April 7-10, 2020 and a total of 1,889 organizations around the world responded, with 1,469 responses applicable to the North America region. Talent Assessment Please note, by opting out you will no longer receive direct marketing from Aon, including information on: Claims, Contract Wording and Client Services, Health and Benefits Brokerage and Consulting, Strategic alignment: Total compensation strategy, Competitive market benchmarking and analytics, Compensation program review and evaluation, Variable pay design?? This allows you to get an early take on your firms reward positioning relative to the market. Participating Firms. Here's a first look at changes to chief human resources officer pay from base salaries to target bonuses to long-term incentives that need to be on your radar. Salary Increase Survey & Sales Incentive Planning with Aon Hewitt Watch Aons video to learn the risks impacting human capital leaders today. Our Broad-Based Compensation consulting services offer: Our consulting solutions are backed by a wealth of diagnostic tools to support data-driven decision making in an evolving marketplace, including: To learn more about Aon's Broad-Based Compensation consulting services and how your company can benefit, contact your local Aon consultant or e-mail [emailprotected]. We encourage all readers to consult with appropriate advisors before acting on any of the information contained in this report. Pay Equity As a result, we may now be less likely to work in a formal office Case Study offering an example of how Aon partnered with a trucking company to re-engineer their rewards framework to attract and retain top talent in a competitive market. SINGAPORE (3 May 2023) - Aon plc (NYSE: AON), a leading global professional services firm, has released its 2022-2023 Global Wellbeing Survey, wherein - among other key findings - global data shows that improving employee wellbeing factors can enhance company performance by at least 11 percent and up to 55 percent. The Council of Insurance Agents & Brokers (CIAB) has sponsored the Insurance Brokerage Survey for more than ten years, helping us provide detailed information about competitive pay levels for key roles across the major functions within the insurance brokerage industry. Get valuable insights to improve your global understanding of salary increase trends and the various economic factors that influence those numbers. Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. Intern, New Graduate and Pay Administration Study Radford | Compensation Surveys In addition to its effectiveness in rewarding and retaining top talent, variable pay: To learn more about this survey, including available job families, the design of our survey questionnaire, reporting options and pricing details, connect with our survey sales team. All rights reserved. Infographics Contact Us While these actions have commonly been referred to as hazard pay, companies are reluctant to use this term given the level of protections in place, instead opting to call programs enhanced pay, pay premiums or special pay to recognize their contributions.. If you keep browsing here, you agree to the use of cookies. We strongly encourage visitors to seek additional safety, medical and epidemiologic information from credible sources such as the Centers for Disease Control and Prevention and World Health Organization. According to new data from Aons 2019-2020 U.S. Salary Increase Survey, companies across industries are expected to award the largest bonuses, on average, in four decades. This portal makes survey results, input resources and market insights instantly accessible for everyone on your team. The survey followed an initial study conducted from March 17-20, 2020 with a total of 2,028 responding organizations, which is available here. *. In North America, the prevalence of companies asking employees to take reduced salaries on a voluntary basis reached 7%, with involuntary pay reductions climbed to 10% of firms. Performance & Analytics, Contact Us Key factors impacting price include the number of countries where you need data, the types of jobs you need to benchmark and your overall employee headcount. Aon Hewitt's Global Salary Increase Survey takes a comprehensive look at salary increase and inflation data for more than 14,000 organisations in over 120 countries. All personal information is collected and used in accordance with our privacy statement. Radford Data & Analytics Global Benefits Access to accurate, robust and timely compensation survey data is the life-breath of all total rewards strategies. Overpaying relative to performance and the market could lead to increased shareholder pressure and sub-optimal financial results. To learn more about this survey, including available job families, the design of our survey questionnaire, reporting options and pricing details, connect with our survey sales team. Insurance Brokers Represented. The survey gives a detailed overview of: Overall, general and merit salary increase budgets McLagan | Compensation Survey Data for Financial Technology (FinTech) Firms Our full roster of clients spans the globe and includes commodities, engineering, mining, oil and gas, power and renewable energy firms, among others. 45+. See how more than 2,100 firms in dozens of industries approach pay planning in 132 countries. Financial Technology Rewards Data - Aon All subscriptions to the Radford Global Compensation Database include 24/7 access to the Radford Network, our online client portal. Severance and Change-in-Control Study, BENEFITS INSIGHTS The survey responses reflect the medical trend expectations of the Aon professionals based on their interactions with clients and . We help organizations sort, clarify and dominate their markets so they can stay focused executing on the business strategy. Describing what just happened doesnt cut it. Careers. All personal information is collected and used in accordance with our privacy statement. The 2019-2020 Salary Increase Survey from Aon, with a U.S.-focus as well as a global-focus, is now open. For example, 56% of surveyed retailers in North America report furloughing employees, followed by 30% of manufacturers, and in stark contrast, only 5% of technology firms have furloughed employees. Contact Us. U.S. Upcoming Events and Webinars Discover why more than 6,350 digital media, life sciences, medical device and technology companies around the world rely on Radford Surveys to set pay with confidence across their entire organizations. [ Read more] McLagan | Compensation Survey Data for Professional Services Firms The 2019-2020survey includes more than 2,100employers across dozens ofindustry sectors in 132countries, making it the largest and most comprehensive survey of its kind in the world. We can conduct competitive pay analysis for executive teams, strategic job families, an individual role or for the whole organisation. Database Scope. Aon | Getting Started with Your Compensation Survey Results If you do not wish to receive these communications, please check here: Reimagine Your Workforce Strategy HR leaders are perfectly positioned to help their organizations mitigate and manage many of the risks their companies are facing today. Drive Diversity, Equity and Inclusion In the United Kingdom and Singapore, budgets are forecasted to be 4.5 percent compared to 4 percent last year. We also love that we can access data for both technology and sales positions with a single vendor. Let us know how we can help and a member of our team will be in touch shortly. #collapsible{ Creating an Immersive Candidate Experience for Early Stage Talent, Top 2023 Considerations for Remuneration Committees, ISS Launches Open Comment Period for Potential 2023 Policy Updates and Announces New Governance QualityScore Factors, | Do Not Sell or Share My Personal Information. Meanwhile, the U.N. Get a sneak peek of timely and accurate CEO pay trends and show you how to get your hands on 2019 CEO salaries, target bonus opportunities and LTI awards. Employee Experience Study Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. | Do Not Sell or Share My Personal Information, Single source of info for budget planning, Global understanding of salary increasetrends, Understanding of salary structure and promotional increases, Salary structure and promotional increases, Budgets reported by country for all-employee groups, Global variable compensation design trends including, short-, long-term, and sales incentives, Macroeconomic indicators for all countries covered, Country economic and political highlights, Industry cuts are reported in the Manufacturing and Services cut reports, Pay for performance practices and budgets, Downloadable in PDF formats (Excel format upon request), Special cuts and analysis available upon request. It's an approach that shifts compensation to performance-based programs and emphasizes the combined value of pay and benefits. Predictive Analytics With high quality market data and the appropriate peer groups, you will be well-equipped to develop an effective compensation plan that optimizes desired business results. As regards insurance coverage questions, whether coverage applies, or a policy will respond, to any risk or circumstance is subject to the specific terms and conditions of the policies and contracts at issue and underwriter determination. To ensure a comprehensive understanding and context of the compensation market, be sure to attend one of our client conferences this fall. We provide a variety of rewards and compensation advisory solutions to assist clients with their compensation, performance, and talent strategies. on the website. The Radford Global Compensation Database is designed to help decision-makers set pay with confidence across numerous rewards elements. When it comes to benchmarking pay and operational effectiveness in the asset management, banking, insurance, professional services and wealth management industries, McLagan Surveys are the go-to resource for HR leaders. HR leaders can apply design thinking to employee assessment tools to improve the user experience and create the workforce needed to thrive in the digital age. *, Last Name Compensation Surveys Home / Rewards Solutions / Data / Compensation Surveys Email Us Mailing List Insights for Every Industry Thousands of companies around the world, in tens of industries, representing millions of employees, share their compensation data with Aon every year. Media and Gaming All personal information is collected and used in accordance with our privacy statement. Leveraging fact based insights from our databases . In order to address this need, we partner with the Council of Insurance Agents & Brokers to offer a comprehensive compensation survey specifically designed for the Insurance Brokerage Industry. Additionally, we provide reports with data broken out by specialty lines of businesses, including, but not limited to: Fees for McLagan compensation surveys vary based on size of firm, geographic footprint, and number of incumbents matched. You can also contact our team to learn more about your compensation survey results, and how to adjust existing pay practices to remain competitive and prepare for a successful year ahead. 70% of companies are providing additional scheduling flexibility to employees with children; 57% of companies are providing as-needed payments or equipment purchases to assist employees with work-from-home arrangements; 42% of companies are providing temporary increases in sick leave entitlements (e.g., special "pandemic leaves"); 38% of companies are allowing employees to use sick leave for COVID-19 related quarantines (in addition to what is required by law); and. Join Our Mailing List. Opening for Business Reports, RADFORD PLATFORM We provide our clients with: End-to-End . For further information please contact the Aon media team: Claims, Contract Wording and Client Services, Health and Benefits Brokerage and Consulting. Performance & Analytics, Contact Us Password. Close the Future Skills Gap Compensation Benchmarking | Aon For life insurance companies looking to assess their employee pay levels and manage their overall compensation spending, we offer two compensation surveys for sales & marketing and management & administration designed to gauge the competitive U.S. market for most roles in the industry. Short- and Long-Term Incentive Design Study, Intern, New Graduate, Pay Administration Study, Sales Incentive Practices and Car Policy Study, Short- and Long-Term Incentive Plan Design Study, Intern, New Graduate and Pay Administration Study, | Do Not Sell or Share My Personal Information.