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. Davies also discussed managing risk in today’s world, and the data-driven insights gained by having your global finance and human resources data on a single cloud platform. Listen to the podcast here: Aon CFO on Global Risks, Smart M&As, and Data-Driven Insights. Christa Davies, CFO, Aon.

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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. Increasing challenges led Aon to a big decision: It was time to make a global technology change.

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People Are Fuel

China Gorman

Aon Hewitt did as well. Aon Hewitt business strategy China Gorman Corporate Valuation Data Point Tuesday Business Strategy

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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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Pros and Cons of Each Salary Data Source for Employers

Compensation Today

This is an excerpt from our forthcoming whitepaper entitled “The Compensation Data Landscape: A Review of Data Sources, Plus How to Choose.” Much as the employee data landscape is rich , there are a lot of compensation data sources and types of sources available to employers.

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Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?

HR Daily Advisor

While student loans can be a drain on short-term finances, a new survey from Aon Hewitt , the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.

2016 Global Medical Cost Increases Expected to Be 2.5X Higher than General Inflation

HR Daily Advisor

A new report from Aon Hewitt estimates that the average cost increases for employer-sponsored medical plans globally will be 9.1% According to Aon, projected trend rates are expected to vary significantly by region. Benefits 2016 Aon Hewitt Middle East North America

Is 2017 the Year for Financial Wellness Among Your Employees?

HR Daily Advisor

The data suggests employers are increasingly providing some form of financial wellness offering to their employees. According to a report from Aon Hewitt , more than half (55%) of employers are now offering some form of financial wellness program to their employees. The data is in.

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. These organizations have done their due diligence and know that cloud-based systems can handle complex financial transactions and reporting requirements, with the controls in place to ensure data integrity and compliance.

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Are Annual Raises Dead? Only If You Don’t Want to Gain a Competitive Advantage

TLNT: The Business of HR

An article last week from CNBC , with data from Towers Watson and Aon Hewitt, showed that the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded).

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The 10 Best Pieces of HR Content in 2019

Visier

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. How are organizations using data to pull ahead?

What's Going On Out There?

Compensation Cafe

Hungry for up-to-date data on how your competitors are handling the Human Resource components of the Covid-19 pandemic? Aon (including Radford ) just published data collected from April 7 to 10, 2020.

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

SuccessFactors

Many software providers are investing heavily in the application of artificial intelligence and machine learning to perform certain tasks as well as, or better than, humans, such as recognising images and validating content against huge amounts of data.

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

SuccessFactors

Many software providers are investing heavily in the application of artificial intelligence and machine learning to perform certain tasks as well as, or better than, humans, such as recognising images and validating content against huge amounts of data.

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Survey: Over 50% of Workers Open to Leaving Their Current Employers

HR Daily Advisor

A recent survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, finds 52% of employees are open to leaving their current employers for new opportunities. ” Aon Hewitt’s Workforce Mindset study, which surveyed more than 2,000 U.S.

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10 Things I Learned at Total Rewards

WorkHuman

Cesar Villa, Director of Compensation Global Functions at The Hershey Company, shared some really powerful data on their Hershey’s Smiles program. And according to Aon Hewitt, 1 out of 2 employees get too little recognition.

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6 Internal Communication Statistics for 2018

Bonfyre

This data suggests that in many organizations communications are still more reactive than proactive. Senior leadership” ranked second on AON’s list of top engagement opportunities for 2018.

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3 Important Trends from the Latest Global Employee Engagement Report

Kazoo

The Aon 2018 Global Employee Engagement Trends report was just published, and if you are an HR professional or company executive looking for fresh, fascinating insights on employee engagement, look no further. From its impressive data set — over eight million employee responses were considered — many high-level trends in employee engagement were found. For an in-depth look at the employee engagement stats and trends discovered by Aon, view the full report here.

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

HRExecutive

Rising to the top of the list was data management, particularly, the fragmented nature of employee credentials. Most career-related data—about employees’ educational history, past positions and skills, for instance—are housed in disparate locations, across varying platforms and databases. The verified career-credential platform is centered on the concept of self-sovereign identity—giving individuals sole ownership over their personal data.

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Advancing Analytics: The Path Forward for Finance Leaders, Part One

Workday

According to IBM’s “Elevate Your Enterprise, Chief Financial Officer” study, CFOs cite analytics as a key source for the discovery of new growth opportunities, supported by the integration of enterprise data with external market and competitor data. But despite the value, finance teams remain challenged with putting data and analytics into use. Finance teams often work with data that is spread across disparate systems, with different data definitions.

RX for EX

HRO Today

According to the Aon Global Employee Experience Research 2018 report, 21 per cent of organisations are already measuring employee engagement, with 41 per cent planning to do so by 2020. Improving the employee experience is a key consideration when attracting and retaining top talent.

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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.

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. PayScale acquires Denver salary data company. Cloud HR Giant Workday Buys Big Data Specialist Platfora to Strengthen Cloud Financial Apps.

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Workday Rising Daily: News Highlights from Innovation Keynote

Workday

She painted our vision for delivering predictions enabled by machine learning, stating, “Workday will take the information you have to generate information you don’t have, with systems that can learn from the data, identify patterns, and then inform decisions.”

Coffee With Wilson Silva

CIC Plus

Then Aon acquired Hewitt in 2010, and I joined the leadership team. Part of doing that is providing perspective and data-driven insights. A Virtual Conversation With Alight’s Wilson Silva. Cloud computing has reshaped almost every industry – and HR is no exception.

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HR Tech Weekly: Episode #257: Stacey Harris and John Sumser

HR Examiner

Alight deploys artificial intelligence and data-driven insights to reach new levels of engagement in the employee experience Link ». Aon Buys Willis Towers Watson: Another Waypoint In The Demise of Employer Pensions Link ».

Bridging The Gap Between HR And Business Outcomes

Get Hppy

Earlier, when CEOs and CFOs talked, the conversation was based on solid data. Now, thanks to data analysis, HR is able to spot trends, make predictions, create a roadmap to succeed and have conversations with other C-suite members of the company based on solid facts.”.

A 2020 vision: Is your benefits package ready for the future?

HR Morning

More than a third (37%) of employers say they’re making changes to their benefits package, or plan to do so in the near future, according to Aon’s Benefits and Trends Survey 2019.

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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.

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IN MEMORIUM: FAREWELL ANNUAL RAISE

Compensation Cafe

An article was published last week with data from Aon Hewitt and Towers Watson that showed the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded). Don’t follow the data. Are annual raises dead or is the data dead wrong?

The New Wave of Compensation Surveys: Addressing the Gender Pay Gap

HRsoft

Corporate compensation departments have long been told by corporate legal departments that gender data (as well as age and ethnicity data) should not be provided in compensation surveys. Now, at least four compensation survey firms are collecting gender data in the U.S.,

Join Us for Compensation Workshops in Houston June 12th and 13th!

HRsoft

Our lineup of guest speakers includes two local leading compensation experts: Sheila Sever, Senior Manager for Deloitte Consulting, and Joshua Ross, Partner at Aon’s Talent, Rewards, and Performance practice.

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Only One in Five Workers are on Track to Retire at Age 65…

Something Different

<Forbes.com> …So this evening I came across a white paper from Aon Hewitt here that shows only 1/5th of the workforce is putting away enough earnings to retire when their parents did.

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

Workday

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. It would previously take WeWork three months to go through a full data cycle. Now we have the ability to go through the full cycle of accounting close in a normal period of time, iterate on that data, and leverage data to make clear business decisions in real time.”.

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Should You Use a Multi Language Compensation Planning Software to Achieve a Centralized Compensation Structure?

HRsoft

And, according to Aon Hewitt , for the overwhelming majority of companies – 88% – this means linking pay to performance. Moreover, sharing spreadsheets across the globe can be cumbersome as they are difficult to update, and nearly impossible to protect against breaches in data security.