Solving Global Business Challenges with Workday: Q&A with Aon’s VP of Finance Solutions

Workday

In Gaelic, the word Aon means “Oneness,” a fitting name for a company that has grown through more than 500 acquisitions to become one of the leading professional services firms in the world. Operating in 120 countries with 50,000-plus colleagues, Aon is united in its most important goal—to serve its clients. Increasing challenges led Aon to a big decision: It was time to make a global technology change. What drove Aon’s technology change? Why did Aon choose Workday?

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How People Analytics Enables You to Bridge the Talent Gap

Analytics in HR

Companies that embrace people analytics to uncover and bridge these gaps within their organizations will be better prepared than their competitors to win the war for talent. 9 ways people analytics helps you to bridge the talent gap Getting started. HR Analytics skills gap talent gap

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Workday Podcast: Aon CFO on Global Risk, Smart M&As, and Data-Driven Insights

Workday

Christa Davies , executive vice president and CFO at Aon, has overseen some of Aon’s largest acquisitions since joining the company in 2007. Listen to the podcast here: Aon CFO on Global Risks, Smart M&As, and Data-Driven Insights. Today on the Workday Podcast, we’re very fortunate to be joined by Christa Davies, executive vice president and CFO at Aon. Christa Davies, CFO, Aon. Aon United is a very important part of that.

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How Analytics Can Help You Decide Pay Increases

TLNT: The Business of HR

According to Aon’s 2017 U.S. salary increase survey , more than two-thirds of employers were taking some kind of action to increase merit pay differentiation, with 40% reducing or eliminating increases for lesser performers. This suggests that spreading pay raises across the board , like peanut butter on toast, has become an outdated practice. Merit Increase Retention & Engagement Strategic HR Wages, Pay, & Salary Featured

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Q&A with Aon and WeWork: How an Agile Financial Management System Impacts Their Businesses

Workday

While there, we had the opportunity to talk to Christopher Klimek, vice president of global finance and HR technology at Aon plc, and Mike Hite, director or finance technology at WeWork, about the business impact of their Workday Financial Management deployments, and why you shouldn’t replicate your current business model in a new financial management system. Aon is a leading insurance and professional services firm with 70,000-plus colleagues in 120 countries.

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Investigating Talent Analytics

Oracle HCM - Modern HR in the Cloud

HR Leaders Must Become Proponents of Talent Analytics to Drive Business Results. One tool HR is increasingly turning to is talent analytics – tying workforce data to real business outcomes. Most organizations are just starting to use data analytics. More than a third of companies actively use analytics to develop talent, predict performance and forecast workforce trends, but only 15 percent of companies feel they have strong capabilities in this area. By Jeff Haynes.

#HRGV2016: HR Analytics and Artistry

Strategic HCM

This was led by Eddie Short from AON together with Tony Strudwick from Manchester United, supported by Tess Smillie from Samsung, David Connell from Peugeot Citroen, Darren Philpott from Barclays and Ann Pickering from O2. Speakers suggested the analytical approach is important because currently we don't apply same rigour to HR as other areas of our business and we need to place HR on a par with Finance or Marketing. I'm at HR Grapevine's annual HR and talent management conference.

Determine the Right Employee Salary Increase Using People Analytics

Visier

According to Aon’s 2017 U.S. The good news is that–with workforce analytics technology that yields granular insights from multiple systems–compensation teams now have the capacity to determine the optimal amount for increases based on hard data. Now, with advances in analytics technology, it is also a good idea in practice. The post Determine the Right Employee Salary Increase Using People Analytics appeared first on Visier Inc.

Where Are We Headed After Covid in 2021?

Compensation Cafe

I would have expected these recent numbers on HR analytics to do lists to be lower before Covid: 48% plan to do workforce planning/modeling; 47% plan to improve analytics of learning/skill acquisition; and 45% plan to improve their insights into and data on pay equity. What happens now?

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5 Performance Measurement Myths

Achievers

In fact, Aon Hewitt has reported that for every incremental one-point increase in employee engagement organizations saw a 0.6% The question of how to measure employee performance represents one of the last vestiges of old-school HR methodology. Today’s workforce is digitally transformed, highly social and mobile, made up of multiple generations, and collaborating across virtual and global locations.

Finance in the Cloud: Why the Conversation Has Changed

Workday

The cloud has become the preferred choice for HR and CRM applications, and we’re now seeing large, global enterprises select the cloud for finance including Aon and Cushman & Wakefield. A big part of the strategy for driving growth will require companies to leverage analytics for real-time insights that can help them make quicker, more informed decisions. Finance Allied Global Aon business growth cloud Cushman & Wakefield customers finance Workday Financial Management

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Determine the Right Employee Salary Increase Using People Analytics

Analytics in HR

According to Aon’s 2017 U.S. The good news is that–with workforce analytics technology that yields granular insights from multiple systems–compensation teams now have the capacity to determine the optimal amount for increases based on hard data. The post Determine the Right Employee Salary Increase Using People Analytics appeared first on Analytics in HR. Analytics News & Blogs

People Vs. Machine: Where Do We Fit In The Future Of Tech?

SuccessFactors

Aon Hewitt, a global leader in strategic human resource consulting services, employs the following engagement model as a foundation for its 2018 Trends in Global Employee Engagement annual global employee engagement study (note that the basics are at threat from the emerging technologies discussed above).

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People Vs. Machine: Where Do We Fit In The Future Of Tech?

SuccessFactors

Aon Hewitt, a global leader in strategic human resource consulting services, employs the following engagement model as a foundation for its 2018 Trends in Global Employee Engagement annual global employee engagement study (note that the basics are at threat from the emerging technologies discussed above).

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What's Going On Out There?

Compensation Cafe

Aon (including Radford ) just published data collected from April 7 to 10, 2020. Base Salaries Compensation Communication Compensation Philosophy Data and Analytics Executive Compensation Incentives/Bonuses Sales Compensation Small Company Compensation Social Media & Rewards Total Rewards

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How Customers Are Using Workday to Respond to COVID-19

Workday

I’ll also highlight another customer, Aon, a global professional services firm with 50,000 employees in 120 countries that uses Workday Human Capital Management (HCM) and Workday Financial Management. Aon was able to deliver a fully remote, 100% virtual financial close for the first time.

How to Get the Most Out of Your Employee Engagement Survey

Achievers - Recruiting

Why go through the process of actually asking questions, when predictive analytics solutions promise to sort out who will quit and who is engaged? Scott Judd, Facebook’s head of People Analytics, notes in Harvard Business Review that even though they could learn what they need simply by surveying a sample of employees, they like to include all employees in their survey because the opportunity to provide input is so essential to morale and engagement. Use Analytics.

The 10 Best Pieces of HR Content in 2019

Visier - Talent Acquisition

Catch them if you can: How leaders in data and analytics have pulled ahead . McKinsey’s research department has been reporting since 2017 that data and analytics will make a huge impact on businesses within the next decade of work. People analytics in SMBs: Small data, huge impact.

Is Geographic-based Compensation Still Relevant?

GetFive

Compensation analytics firm Aon contends that since more people are working remotely and will likely continue to do so, it’s prudent for companies to rethink their policies for geographic-based pay.

5 Powerful Employee Engagement Models That Leaders Should Know

Vantage Circle

Aon Hewitt Engagement Model. Aon Hewitt Engagement Model. Aon Hewitt is one of the world’s leading consultants on human capital management. According to Aon Hewitt, the process of engaging people is influenced by six major engagement drivers.

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Emerging HR Roles in 2021 & Beyond

CakeHR

Aon’s UK Benefits and Trends Survey 2020 found that 51 percent of employers have now well established financial wellbeing strategies in place, an increase from 21 percent three years ago.

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Ericsson: Uplifting Employee Engagement Scores With Achievers

Achievers

This is also supported by Aon Hewitt , which found that a 5% increase in employee engagement is linked to a 3% increase in revenue growth in the subsequent year. With increasing positive employee engagement survey scores and new business insights derived from Achievers analytics, Ericsson is rightfully confident about the strength and ongoing success of their employee engagement strategy.

HR Tech 2019: PILOT coaching platform wins Pitchfest

HRExecutive

PILOT is the industry’s first scalable SaaS platform for employee coaching and is designed to help HR executives quickly and affordably deploy high-impact coaching at scale, with analytics to prove impact. Customers include MetLife, CBS, Aon, Thomson Reuters, Pandora Radio and more. As the founder of PILOT , one of just a few LGBT-owned HR tech startups, Ben Brooks is used to being in rare company.

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Talent optimization: making the case for budget

PI Worldwide

Recently, we reviewed the 21st HR Metrics and Analytics Summit report: How to Hire and Retain the Right Talent in 2019. It shed light on HR’s journey with regards to using metrics, data, and people analytics in the workplace. Why is the need to invest in talent optimization and people analytics still not obvious to the financial decision-makers? Use analytics to understand people and their impact on the business.

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Top M&A News in the HR, Recruiting and Benefits Space | 2016

Advos

TrueBlue’s PeopleScout Acquires RPO Business from Aon Hewitt. Reed Group Acquires Aon Hewitt’s Absence Management Administration Business. IBM to buy Truven Health Analytics for $2.6 Aon announces agreement to acquire leading health and benefits brokerage and solutions firm in Brazil. M&A Announcements in the HR, Recruiting and Benefits Space | 2016. January 2016. SterlingBackcheck Made Several Strategic Acquisitions in 2016.

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Workday Rising Daily: News Highlights from Innovation Keynote

Workday

And now we’re leveraging our strong foundation of having analytics and transactions all in one system, and we’re building out our machine learning architecture to become a system of insight.” Pete Schlampp, vice president, analytics, announced Workday Query Language in Workday 33 for developers and data scientists to securely access their data in Workday Prism Analytics. Business Leader Forum: Finance Insights from Aon and Unum.

Bridging The Gap Between HR And Business Outcomes

Get Hppy

With the new technological advancements in people analytics, it’s becoming increasingly important for HR to strategically integrate with the business and operate efficiently. While many HR decisions were and still are focused on individuals, on culture and on office dynamics, people analytics finds a way to organize all those instances where HR decisions were made, compare them to workforce trends and improve HR processes, supporting the execution of business strategy.

Credential platform aims to be game-changer for HR, employees

HRExecutive

Employers can reap the benefits by applying analytics and AI to the data for job matching, learning and development, and tailored talent-management and retention programs. “In The inaugural members are Aon’s Assessment Solutions, Cisive, Cornerstone, HireRight, Korn Ferry, National Student Clearinghouse, Randstad, SAP, SumTotal Systems, SHL, Ultimate Software, Unit4, Upwork, Velocity Career Labs and ZipRecruiter.

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Workday Positioned as a Leader in Gartner Magic Quadrant for Cloud Core Financial Management Suites

Workday

We believe it also supports what we’ve known since delivering Workday Financial Management —that the CFO role has been evolving, and the pressure on finance teams to provide analytical insights and decision support requires a different way of thinking and doing things. Christopher Klimek, vice president of global finance and HR technology at Aon plc , said, “We’ve always been acquisitive, and Workday supports our M&A strategy.

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M&A Friday! This Week’s HR Deals

Advos

Data Genomix, a marketing technology startup that brings targeting, analytics, and machine learning to industries such as the online recruiting vertical, Raises Series A Funding. Aon partners with Sasin to announce 14 Best Employers in Thailand for 2017. Happy Friday. Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below.

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M&A Friday! This Week’s HR Deals

Advos

People analytics firm, Peakon secures another $22M, in a Series B round led by Balderton Capital. Aon Announces Strategic Partnership with Leading Emiratization Advisory Firm. Happy Friday. Our weekly recap of funding, mergers & acquisition, and partnership news from the human resource, recruitment and employee benefits marketplace is below. Sign-up for our weekly Hot in HR newsletter to get these updates via email. FUNDING. This week’s Fundings: $250M+.

Workday Named a 2021 Leader in Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises for Fifth Year in a Row

Workday

We’re honored that global organizations, including Aon , Crain Communications, EQ , NextDoor, The Metropolitan Museum of Art , and Veolia UK have selected Workday Financial Management. We’ve continued to invest in our unique architecture and intelligent data foundation to ensure our customers have the robust analytics and automation they need to respond to a changing world. A unified planning and analytics platform for the office of the CFO.

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Revival of Insurance: Accelerating Growth and Market Leadership with New Products and Business Models

ClaimVantage

In a recent BenefitsPRO article, they note that new data from Aon shows that employers increased offering voluntary benefits by 27% during the past enrollment period. By Denise Garth, Chief Strategy Officer, Majesco. April 15th, 2021. Spring. The season for rebirth. Revival. Rejuvenation.

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8 Steps To A More Weatherproof Supply Chain

SAP Innovation

The top weather-induced disasters (leaving out other natural disasters such as earthquakes) in the last four years were flood, tropical cyclone, and severe weather (thunderstorms), which accounted for around 75% of global natural disaster losses, or around USD $130 billion in 2015, according to Aon Benfield. In Germany the first spring flowers are already blooming, and it seems we will have a winter without much cold weather. In the meantime, the U.S.

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HR Trends 2020: Top Insights of what’s to come.

Sergio Caredda

He points out at the relevant strategic importance of People Analytics, especially related to Network Analysis. And how about the users, whose data is at the core of analytics efforts.