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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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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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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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.

Astronology®: 2020 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation

Astron Solutions

Aon (Hewitt Associates) [link]. The Hewitt data showed that about half of companies with single-digit revenue growth believed that the cost of their variable pay programs outweighed the benefit.

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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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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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.

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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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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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.”

Taking Well-being’s Pulse

HRExecutive

If there’s a single item that runs through Aon Hewitt’s 7 th Annual Consumer Health Mindset Study, released yesterday at the National Business Group on Health’s Business Health Agenda 2017 in Washington, it’s that well-being continues to be a work in progress.

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

HRmarketer

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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Are Managers Cutting It As Coaches?

HRExecutive

to attend Aon Hewitt’s Top Companies For Leaders Think Tank. My main objective there was to meet one-on-one with representatives from some of the 25 companies that were on hand to be recognized as one of Aon Hewitt’s “Top Companies for Leaders.”.

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.”.

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 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.,

The World of Pre-Employment Assessments is Changing

HRExecutive

“Sometimes the hype over what some of these tools can do outstrips their actual capability,” says Aaron Crews, chief data analytics officer at law firm Littler.

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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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M&A Friday! This Week’s HR Deals

HRmarketer

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?

Talent optimization: making the case for budget

PI Worldwide

It shed light on HR’s journey with regards to using metrics, data, and people analytics in the workplace. HR leaders are becoming more proactive with data and seeing the impacts: better retention, engagement, and understanding of workplace challenges. Below is just a small sample of the benefits of using metrics, data, and analytics in the workplace. A leader in predictive analytics, Best Buy analyzed its wealth of people data and discovered that a 0.1

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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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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.

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.

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Industry data pegs the cost of replacing store employees at 16% of annual pay, so the company saves $3,000 for every employee it retains. From time to time, we invite guest contributors to provide their personal perspectives about trending HCM topics.

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Can the clean energy transition be financed by culture change?

WeSpire

Aon-Hewitt has done the research to show that a 5% improvement in engagement leads to a 3% increase in revenue in the following year. What that data continues to prove is that engaging employees in your impact initiative is not just the right thing to do, it’s the smart thing to do.

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Can the clean energy transition be financed by culture change?

WeSpire

Aon-Hewitt has done the research to show that a 5% improvement in engagement leads to a 3% increase in revenue in the following year. What that data continues to prove is that engaging employees in your impact initiative is not just the right thing to do, it’s the smart thing to do.

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