AON Bonuses and Incentives Compensation Survey 
HiBob
JANUARY 11, 2023
On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. What are the compensation benchmarks on average merit increases for 2023? If you have to freeze wages, remember that compensation doesn’t always have to involve hard cash.
Compensation Cafe
APRIL 28, 2020
Aon (including Radford ) just published data collected from April 7 to 10, 2020. 18% of survey participants offer special pay programs, typically in the form of flat amounts, for those in high-risk roles. This is a well conducted survey covering a point in time that can be confusing and sometimes even disturbing.
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Empuls
DECEMBER 18, 2023
The current state of employee turnover and retention in the insurance sector According to a study by the Jacobson Group and Aon conducted in the third quarter of 2021, numerous professionals in the insurance industry are reconsidering their current roles and actively exploring alternative opportunities.
Workday
JANUARY 18, 2017
Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Market conditions. Market comparison.
Compensation Cafe
JUNE 23, 2015
Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. percent in the depths of the recession.
Astron Solutions
SEPTEMBER 17, 2019
The design and implementation of variable compensation programs continue to grow throughout 2019 and it appears that this trend will continue into 2020. The large influx of millennials into the workforce are causing organizations to re-examine the mix of base to variable compensation in their total rewards programs. Employee Category.
Analytics in HR
MARCH 29, 2022
Helping build equitable compensation and benefits packages 5. One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans. This finding led Best Buy to increase the regularity of their employee engagement surveys from annually to quarterly.
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