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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Aon Hewitt Think Tank: Let’s Talk Leadership

HRExecutive

Panelists discuss leadership trends at Aon Hewitt’s Top Companies for Leaders Think Tank event. Each year, our “What’s Keeping HR Up at Night” survey asks HRE readers to share some of the challenges that keep them counting sheep in the wee hours. 2 spots on Aon’s latest Top Companies for Leaders list, respectively.). Photo courtesy of Frank Mari.

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Want to Increase Employee Engagement? Communicate Meaning & Value of Work

RecognizeThis!

Today, I’m following up with how to increase employee engagement based on the latest from Aon Hewitt. Last week Aon Hewitt released its 16 th Annual Best Employers in Canada list. What mechanism does Aon Hewitt use to determine employee engagement? Aon Hewitt surveys employees at participating companies, determining engagement levels based on its “Say, Stay and Strive” model. by Derek Irvine. Recognize This!

Mastering Employee Engagement Surveys

Collage

This article includes a free employee engagement survey template. The best way to find out if you have engaged employees (plus how engaged they are and why) is to ask them with an employee engagement survey. Industry leaders like Gallup, Aon Hewitt, and IBM Kenexa have been testing and validating employee engagement surveys for decades to better manage employee performance. Start surveying your employees right away with our free, ready-to-use Google form!

How to Get the Most Out of Your Employee Engagement Survey

Achievers - Recruiting

How to Get the Most Out of Your Employee Engagement Survey. How to Get the Most Out of Your Employee Engagement Survey. If you’re savvy about today’s artificial intelligence capability, you may be wondering if employee engagement surveys still play a role in managing your people. There are compelling, research-supported reasons for surveying your employees, and new software platforms should facilitate that dialog, rather than substitute for it. Skip to content. Press.

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. The Aon Hewitt Financial Mindset ® Study, which surveyed more than 2,000 U.S. Aon Hewitt’s data show student loans can have a long-term impact on workers’ financial future.

How to Measure Employee Engagement

Achievers - Recruiting

Use pulse surveys and single-click polls . Consider sending out a very brief daily pulse survey , made up of a question or two, to gauge current employee happiness and give you an immediate snapshot of your workforce’s mood. At less frequent intervals, you can also send out surveys that explore employee happiness in greater depth. Surveys should focus on the following three metrics : .

Retirement Success Starts with Financial Well-Being

HR Daily Advisor

Still, there are many ways others on the team (like an employer, for example) can provide support. According to a recent survey from Aon Hewitt, employers are generally happy with participation rates in their workplace retirement plans. Depending upon which survey one reads, a majority of employees report spending time at work either worrying about or dealing with personal financial issues. The 2017 Aon Hewitt survey revealed a focus on more than retirement saving.

7 Actionable Tips: How HR Programs Can Foster Employee Engagement During Tough Times

Achievers

An Aon Hewitt study found that the number of actively disengaged employees rose by more than 50 percent during situations where job duties were impacted by their company being acquired. Survey results can also serve as a useful benchmark for the milestones of your restructuring strategy.

Chances Are You’re Buying Too Much Talent. It’s Time to Build and Borrow.

Degreed

People allocation is as powerful as financial allocation,” said Aon CEO Greg Case , whose close partnership with his CFO and CHRO ensures the company has the right talent to meet the challenges of the future. The lifespan of large, successful companies has never been shorter.

Core Values Leads to Increased Engagement Resulting in Bottom-line Results

RecognizeThis!

On Modern Survey’s twice annual study of the U.S. One recent study from Aon Hewitt showed that every incremental percentage point increase in employee engagement resulted in 0.6% The example shared in that study was quite compelling: “For example, a $5 billion organization with a gross margin of 55 percent and operating margins of 15 percent increased operating income by $20 million with just a 1 percent improvement in employee engagement. by Derek Irvine.

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The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Research by Aon Hewitt reveals a statistical correlation between employee engagement and revenue growth: a 5% improvement in employee engagement leads to a 3% increase in revenue. In a Medallia Institute survey of 1,000 frontline employees, 78% report that their leaders claim customer experience as a top priority, but nearly 60% feel that their ideas for improving customer satisfaction often go unheard.

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Pros and Cons of Each Salary Data Source for Employers

Compensation Today

Traditional (Standard) Surveys and Industry Surveys. This category includes some names you’re probably already familiar with: Mercer, Radford, Aon-Hewitt and Willis Towers Watson. Organizations participate in these surveys by matching their employees to survey job titles and descriptions, then submitting the data to the consulting firm. Many industries offer industry-specific surveys that service only a given vertical.

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Workday Rising Daily: News Highlights from Innovation Keynote

Workday

The finance function deals with multiple complexities, much of it self-imposed and within its control—for example, legal entities, the number of finance applications, bank accounts, general ledger accounts, and budget line items. Business Leader Forum: Finance Insights from Aon and Unum.

The 8 Most Effective Drivers of Employee Engagement

SnackNation

Workplace research and surveys have pointed to the need to improve employee engagement year after year. Supporting statistic: In Analysis of employee engagement and its predictors , researchers isolated, by surveying over 600 employees at one company, employee welfare as a factor of maximum impact on employee engagement. Supporting finding: Aon Hewitt Consulting isolated career opportunities as one of the top 3 drivers of employee engagement.

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Is Your Company Following its Compensation Philosophy?

Workday

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. More importantly, 53 percent of the companies surveyed indicate that most employees don’t understand their company’s compensation philosophy. Does your company do a good job of following and communicating its philosophy around compensation?

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. In light of this, one of the recommendations offered by Aon Hewitt Partner Joann Hall Swenson at a general session on the survey’s key takeaways was for employers to build workplaces that can support well-being in its entirety.

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Designing Effective Employee Engagement Activities

Get Hppy

For example, you could create an internal learning academy, where less experienced employees could benefit from the knowledge of senior, more experienced peers. The fourth report in Deloitte’s Talent 2020 series , surveyed 560 employees across virtually every major industry and global region. Organizations dedicate 90 percent of their engagement effort on ‘post survey’ activity to inspire people to do great work and match their efforts with business needs.

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.”. For example, how often should [managers] be meeting with their people? In late June of this year, I was dispatched to General Electric’s famed Crotonville campus in Ossining, N.Y.,

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7 Actionable Tips: How HR Programs Can Foster Employee Engagement During Tough Times

Achievers - Recruiting

An Aon Hewitt study found that the number of actively disengaged employees rose by more than 50 percent during situations where job duties were impacted by their company being acquired. Also, there is no substitute for leading by example; if your managers demonstrate that they are also affected by the change, it will increase employee success at weathering the same changes. Survey results can also serve as a useful benchmark for the milestones of your restructuring strategy.

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How to Get Started with Employee Recognition

Achievers - Recruiting

According to Aon Hewitt , a 5 point increase in employee engagement is linked to a 3 point increase in revenue growth the following year. To accomplish this, executives should communicate the importance of recognizing employees and lead by example.

3 Healthcare HR Strategies for Overcoming Nursing Shortages

Precheck

CEO of the American Organization of Nurses Executive (AONE). Compensation is ranked as one of the top three things millennials cared most when applying for a job, according to a joint survey by our partners at HealthcareSource and the American Society for Healthcare Human Resources Administraiton (ASHHRA). 3 Healthcare HR Strategies for Overcoming Nursing Shortages Dec. 13, 2017. Antique-Nguyen.jpg. Antique Nguyen Marketing Specialist.

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How Much Does Small Business Health Insurance Cost?

Zenefits

The Kaiser Family Foundation 2019 survey reveals the average amount that small firms and large firms each paid for health insurance in 2019: Notably, a new survey by the consulting firm Aon forecasts that employer-based health insurance will rise 6.5%

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The changing mix of employee compensation increases

Steve Boese

Check out this chart from a piece in the NY Times , reporting on an Aon Hewitt study of the topic: Back in 1991, for example, variable pay (like one-time bonuses) took up about 3% of total compensation budgets, while the budget for annual salary increases was 5%. TL:DR - More and higher one-time bonuses, fewer and less annual salary/wage increases.

6 Reasons Great Employees Quit

Aventr

A Robert Half survey found that: 25% of CFO’s report losing an employee to better-paying jobs. Another survey by Aon Hewitt found that: 52% of employees would leave for another similar position if the new job offered better pay. ” However, a Korn-Kerry survey found that many employees leave to search for a more challenging position. For example, a hotel might have the vision of “ providing the best customer experience possible in an ecology friendly manner. ”

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Improving Employee Engagement with HR Technology: A Look at Tech Focused Strategies

HR Daily Advisor

Aon Hewitt went on to conduct an analysis of 5 million workers across 1,000 organizations and found that alongside the political climate, rapid advances in technology was a causing factor for this decrease of employee engagement. Effective ways to develop a strategy include conducting one-on-one meetings , implementing employee satisfaction surveys, performance reviews , asking for regular feedback and then analysing the data properly before taking action with the issues highlighted.

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Determine the Right Employee Salary Increase Using People Analytics

Visier

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.

Well-being for Remote Employees: Inside HP’s CubeFit

TalentCulture

In the past decade, telecommunicating has increased more than one-hundred percent, according to a survey by Global Workplace Analytics. One example of a global company that’s doing this quite well: HP — developed a model for how to think about engaging remote workers with effective well-being programs. After several years with Aon, Julie joined HP in 2015 to lead their global well-being programs. By: Torrey Landers and Julie Andrews.

How Intrinsic Employee Motivation Will Help You Build Your Dream Team

Business2Community Leadership

According to one Gallup survey , only 15% of employees in today’s global workforce feel engaged. Intrinsic motivation can take many forms, below are a few examples. Verbal recognition for a job well done goes a long way, in fact, the Aon 2018 Trends in Global Employee Engagement survey measured responses from over 1,000 companies worldwide and found employee recognition for contributions to be the “the strongest driver of engagement.” Photo courtesy of Unsplash.

Boost Your Employee Recognition Skills and Words (Templates Included)

SnackNation

Tanner Institute, Gallup, and Aon Hewitt suggests that employees think recognition is the most important thing a manager can do to inspire great work. Here are some example scripts: “I love how you’re always on top of everything. Well, in staffing firm OfficeTeam’s recent survey, workers cited an “A handwritten thank-you card from the chief operating officer” as the best form of appreciation they had ever received.

The Six Steps To Build A Remarkable Workplace

TalentCulture

According to a 2013 CEO Institute survey, the number one issue keeping chief executives awake at night was “sourcing and retaining skilled staff.” By prioritizing people-centric initiatives, their companies achieve on average at least four times the profit growth (Aon Hewitt People Practices Inventory 2011) and three times the share market returns (Russell Investment Group 2011) compared to average companies.

Why Prideful Employees Are Your Company’s Best Asset

SAP Innovation

In 2014, Career Builder reported that 59% of workers surveyed were generally dissatisfied in their job. On average, a disengaged employee costs a company $10,000 in revenue annually , according to consulting firm Aon Hewitt, which surveyed more than 7,000 enterprises. Its aptly named program “Life in Canada depends on us,” which rolled out in 2013, is a prime example of this.

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Determine the Right Employee Salary Increase Using People Analytics

Analytics in 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.

HR Tech Weekly: Episode #225: Stacey Harris and John Sumser

HR Examiner

Million in Series B Funding Link » GDPR | British Airways slapped with hefty £183m fine Link » IDC Survey Finds AI to be a Priority for Organizations But Few Have Implemented an Enterprise-Wide Strategy Link » Topics: Payroll, Benefits Tech, Data Privacy, and GDPR. The main reason I think is because we’ve seen this as an area where people don’t have data which is why we add it to the survey more than anything I share.

Hard times and poor responses in Recruiting

Strategic HCM

One thing which has been made available is the CIPD’s new Resourcing and Talent Planning survey which I’ve been looking through. So what’s not so great to see is the rather uninspiring response of organisations to this situation, for example: “One in three (31%) organisations report that the length of their recruitment process has led to the loss of potential recruits.

Is Your Wellness Program Actually Stressful? How To Make It Better

SAP Innovation

In fact, a 2015 survey of employees published by Quantum Workplace and my company, Limeade , found that employees crave benefits that address their overall well-being. For example, 70.5% In the Aon Hewitt survey, 40% of millennials said they are more likely to participate in health and wellness programs if they are easy and convenient to do. Misguided wellness programs may actually stress employees out more than they boost health.

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Understand Important Trends in Recruiting and Hiring in 10 Minutes

Paycor

According to a Randstad survey, 75% of HR pros say it takes more time this year than last year to find the right talent to fill positions. For example: Pre-screening questions – If there are “deal breaker” conditions for certain roles, you can eliminate applicants who don’t meet the requirements. According to an AON Hewitt study, 52% of workers said they’re open to new job opportunities. If you missed Paycor’s inaugural Make Your Next Hire Day, we’ve got you covered.

Workplace Wellness. the indisputable, the debatable, & where we go from here

NCHRA

According to Aon Hewitt’s analysis, the employee’s share of spending on health care costs has escalated by almost 150% over a ten-year period (between 2004 and 2014). Employers have doubled their spending on incentives over the past four years to the tune of almost $600 per employee on incentives alone, according to recent surveys conducted by the NBGH and Fidelity Investments. By Laura Putnam and Mari Ryan.

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