Aon’s Controller on Delivering a Fully Remote Financial Close

Workday

We had the opportunity to speak with Mike Neller, senior vice president, global controller, and chief accounting officer at Aon plc. Aon is a global professional services firm, providing risk, retirement, and health solutions, with 50,000 employees across 120 countries. Read on to learn how Aon delivered a fully remote financial close for the first time. What does a typical financial close look like for Aon?

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Is an Aon-Willis Merger Coming?

HRExecutive

Aon confirmed in a statement on Tuesday that it is in the “early stages of considering an all-share business combination with Willis Towers Watson,” adding that there’s “no certainty that any transaction will take place nor as to the form or terms on which any transaction might be pursued.” The comment came on the heels of a Bloomberg story earlier in the day that cited unnamed sources who said Aon was considering acquiring Willis. percent at $182.04, while Aon fell 7.9

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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. When asked to identify the biggest HR challenges facing their organization today, the most common replies were “ensuring employees remain engaged and productive” (39 percent), “retaining key talent” (26 percent), and “developing leaders” (24 percent). 2 spots on Aon’s latest Top Companies for Leaders list, respectively.).

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The Leadership Linchpin – Insights from AONE 2014

Cielo HR Leader

This past week, a congregation of those capable executives descended on Orlando to attend the AONE 2014: Inspiring Leadership conference. As a healthcare executive who was fortunate enough to attend, I was particularly impressed with AONE’s approach to inspiration this year. Great Leaders Awaken Possibility Dissecting the true meaning of leadership could not have been better articulated by AONE’s keynote speaker – Benjamin Zander.

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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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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!

Employee Engagement: How to Measure What Matters

Achievers

Aon Hewitt, in their 2017 Trends in Global Employee Engagement Study , found that engagement levels have dropped for the first time in five years and Gallup recently reported in its State of the American Workplace report that a full 70% of U.S. Aon Hewitt, in an influential 2015 paper advanced the “Stay, Stay, Thrive” framework for the variety of desired Employee Engagement outcomes. By: Josh Danson Director of Content Marketing, Achievers.

How to Empower Leaders to Become Engagement Champions

Achievers

Engaged employees positively impact retention, absenteeism, productivity, customer ratings, profitability, and many other business outcomes – as outlined by Gallup. By: Mike Vickers. Customer Training Manager, Achievers. Creating an engaged workforce is critical to business success. Sadly, only 32% of U.S. employees are engaged – meaning they are “involved in, enthusiastic about and committed to their work and workplace.”

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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. 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.

Is 2017 the Year for Financial Wellness Among Your Employees?

HR Daily Advisor

Productivity at work (17%). Financial stress impacts my productivity at work (17%). Financial wellness programs drive engagement, productivity, and success by as much as $400 per employee. 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. Employers’ reasons for offering financial wellness programs (according to the Aon Hewitt report): It’s the right thing to do (85%).

This may be the key to increasing employee productivity: Financial education at work

HR Morning

Financial stress contributes to lost productivity, increased absences and healthcare claims, higher turnover and costs associated with workers who cannot afford to retire on time, the report also found. ———————————————————— When employees spend time worrying about their personal finances, productivity is what takes the biggest hit.

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How to Establish an Effective Employee Recognition Program that Delivers Results

HR Cloud

Rather, it’s proven to be a very real business metric in areas such as productivity, employee retention, and financial performance. According to the Aon 2018 Global Employee Engagement Trends Report , companies with high levels of engagement (65% or greater) even outperform the stock market, posting total shareholder returns 22% higher than the average. Employee engagement is so much more than just a “nice-to-have” item on HR’s wish list.

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Today’s workforce mindset – employees want a human experience

Achievers

Aon Hewitt recently surveyed 2,539 employees at companies of 1,000 or more across several industries, and Raymond Baumruk, partner and leader in the firm’s Next Practices/Employee Research & Insights group, shared top findings with attendees of Achievers Customer Experience (ACE) 2015. Productivity Open communications.

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Are Employees More Engaged?

HR Daily Advisor

The report, from global professional services firm Aon, is based on analysis of more than five million employees at more than 1,000 organizations around the world. In the last year, there has been political and economic stability in more mature regions and continued economic expansion in regions like Asia and Africa,” said Ken Oehler, Global Culture & Engagement practice leader at Aon. According to Aon, improving engagement can pay dividends.

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Are Some of Your Employees ‘Hard Wired’ for Engagement?

Cornerstone On Demand

According Anthony Boyce , organizational psychologist and product developer at Aon, these aspects predict who will work to overcome obstacles and show commitment to their organization and their teammates. To learn more about Aon’s Culture & Engagement practice, please go to www.aon.com/employeeengagement and to learn more about Adept-15 please click here.

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What Drives Employees to Say, Stay, and Strive

SocialChorus

Recently, Aon released its 2018 Trends in Global Employee Engagement. So per Aon, two out of three employees are engaged. Aon looks at 16 dimensions of work, including things that exist like Career & Development, Rewards & Recognition, Work Tasks, and some things that do not exist in real life like Work/Life Balance. In Aon’s research, each of these areas improved. You read one report about employee engagement, and it says it’s never been lower.

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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. An effective communication channel can help your organization avoid becoming one of the negative statistics: Aon Hewitt’s research found that in a typical company, the percentage of highly engaged employees did not rise back up to baseline levels for two to three years following a merger or acquisition.

Why High Salaries Can Be Bad for Your Business

Evil HR Lady

Consultants Aon Hewitt describe it as “ people who stay at their jobs despite feeling unmotivated, disengaged and generally negative about their employers.” Most employees who become dissatisfied with their job move on, but some stay, and those people are a drag on productivity and morale. One company that Aon looked into, found that among those who fell into the “prisoner” category, 61 percent received salaries above the market rate.

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How to Communicate About Your EAP More Effectively

Winston Benefits

Your employees face a lot of stresses at work — deadlines, production quotas, interacting with co-workers. They may also be facing all kinds of problems that don’t have anything to do with work but that affect the quantity and quality of their production. According to a report by Aon Hewitt , employee use of EAPs can range from 1 to 15 percent, depending on the company.

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Retirement Planning: The Gender Gap Persists

HRExecutive

As I sat this morning reading a press release summarizing new Aon Hewitt research, it felt like Prost’s story could have just as easily been written in 2016. based Aon Hewitt found that 83 percent of women aren’t saving enough to meet their needs in retirement, compared to 74 percent of men who feel they aren’t putting enough away to live comfortably after leaving the workforce. Aon Hewitt projects that women will need 11.5

Don’t Make Your Employees ‘Prisoners’

RecognizeThis!

As I write on the Compensation Cafe , this group of employees was the subject of some recent research: A report in the Wall Street Journal highlights a study by Aon Hewitt that looked at this group of employees. For employees who are either unwilling or unable to become more motivated and productive performers, the business and HR need to have processes in place to identify and move those employees out. By Derek Irvine. Recognize This!

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Retirement Success Starts with Financial Well-Being

HR Daily Advisor

According to a recent survey from Aon Hewitt, employers are generally happy with participation rates in their workplace retirement plans. In the Aon Hewitt report, 2017 Hot Topics in Retirement and Financial Wellbeing, nearly 90% of the 250 US employers responding said they are concerned about their workers’ level of understanding about how much savings they need in order to save enough for retirement. Maximizing Productivity Through Finances.

HR Tech 2019: PILOT coaching platform wins Pitchfest

HRExecutive

Customers include MetLife, CBS, Aon, Thomson Reuters, Pandora Radio and more. “Diversity and inclusion has been a big theme this year,” Brooks said, “and you have to get development out to a lot of people to level the playing field and that’s what our product is all about.” 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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Chad Atwell Podcast – What you wish someone had told you…

What is Paul Thinking

Chad is the Director, Product Strategy – Human Capital Management at Oracle leading the strategy for Oracle’s Compensation Cloud working with clients and prospects to help create future product functionality. He is also a Faculty member at WorldatWork teaching C4 Base Pay Administration, C12 Variable Pay and C17 Market Pricing and has also worked with Aon, Qwest Communications, Chipotle Grill.

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Guide: Burnout Prevention and Recovery

Limeade

Burnout could be driving away your top talent — potentially costing your company millions of dollars in lost productivity and turnover. They enjoy their work, help boost productivity, performance, morale and growth. COMPANIES WITH ENGAGED EMPLOYEES ARE: 78% more profitable 40% more productive 5 times less likely to have a safety incident Stock price growth 2.5x Aon Hewitt, 2009, SHRM, 2006, Hay Group, 2010).

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How to rehabilitate disengaged employees

Achievers

Because these workers can wreak havoc on productivity and morale, you need to be able to recognize the signs of disengagement so you can address it as it happens. An extensive report on disengagement by AON Hewitt notes that the leading aspects of job engagement for millennial workers are career opportunities, good manager performance, company reputation, pay scale, and good communication.

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The Importance of Helping Employees Visualize Mission When Implementing Change

Something Different

She recounted how several years prior, she was the HR Manager for a struggling manufacturing plant with numerous production and quality problems… and if those problems weren’t resolved in shorter order then the business was in danger of losing a big customer whose departure could mean the facility’s closure. …I share the above story after reading a fantastic Aon Hewitt blog post titled “ Why Retirement Models are Perfect, While People are Not.

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Why Recognition Is Essential to Employee Engagement

Achievers

According to Aon Hewitt’s 2017 “Trends in Global Employee Engagement,” study, Rewards and Recognition ranked as the strongest engagement opportunity this year. About the Author Chris Myers is VP Partnerships & Alliances for Igloo Software , a leading provider of digital workplace solutions that help companies build inspiring digital destinations for a more productive and engaged workforce.

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

HRExecutive

In turn,” adds Cameron, “this will provide the much-needed uplift to productivity, which has been below par since 2011, despite huge technological advancements.”. 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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Employee Engagement Impact on Revenue Growth

Kazoo

Highly engaged employees lead to positive outcomes on key performance indicators such as: increased retention, customer loyalty, safety, productivity and overall revenue growth within an organization. According to an analysis by Aon Hewitt in their report, “2013 Trends in Global Employee Engagement,” for every 1% increase in employee engagement, you can expect to see an additional 0.6%

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. Martha How, principal of Aon , says, “[The employee experience] acknowledges that engagement is not a one-off snapshot measured through a survey. For Kronos, one positive by-product of addressing the employee experience has been the company’s gaining a “Great Place to Work” certification.

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The Do's & Don'ts of an Engaging Wellness Program: Part One

Cornerstone On Demand

According to Aon Hewitt's 2012 Health Care Survey , only 17 percent of employers are using consumer marketing techniques to drive employee engagement. However, wellness programs are absolutely a product that needs to be properly marketed, and your employees aren't just employees: they're your target customer.

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

Workday

Advanced analytics can help them look forward and better forecast the future with predictions such as what products and customers are most profitable, or which customers are more likely to pay their invoices on time. Jim Kendall, vice president of finance solutions at Aon, one of the world’s leading professional services firms, describes how managing disparate finance systems in locations across the globe impacted Aon’s ability to analyze the business.

5 Industries that Desperately Need Financial Wellness Solutions

Best Money Moves

Stressed employees are found to be less productive, take more time off to deal with financial matters, are more likely to leave the company for higher compensation, and are more likely to cite health issues caused by financial stress,” the survey reported.

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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. Can you tell us more about the COVID-19 product configurations for managing the impact of the pandemic? Are there specific products you’re seeing our customers use more right now?

9 simple employee engagement ideas

Jostle

There seems to be more evidence than ever before to support the long-suspected belief that an employee who's engaged in their work is more productive than one who isn’t. Consider this: A Gallup study estimated that lower productivity due to disengaged workers costs the U.S. On the brighter side, engaged team members delivered 12% higher customer satisfaction scores, 18% higher productivity and about 12% higher profitability. A 2010 study by AON Hewitt also confirms this.

A Word to the Wise, Once Again!

Compensation Cafe

With Aon Hewitt' s assistance, The New York Times has laid it on the line. Especially informative is the Aon Hewitt visual about the share of companies' payrolls devoted to bonuses vs. the share devoted to salary increases. "If "Employee pay has become a trending topic in media and online." That was the first sentence in the April 15, 2014 Compensation Cafe article.

Ericsson: Uplifting Employee Engagement Scores With Achievers

Achievers

According to Gallup , engagement leaders see 21% higher productivity, 22% higher profitability and 41% higher quality of work. 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. Did you know companies in the top quartile of employee engagement see significantly better business results than bottom quartile organizations?

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. In the last three years, we have tripled our financial management customer community with organizations from midsized companies to large, global enterprises such as Aon, Nasdaq, Netflix , and Cushman & Wakefield having selected Workday Financial Management.

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Top Traits You Should Look For When Hiring An HR Manager

Continuwell

HR Managers impact the cost of health care, employee productivity, engagement and absenteeism. Healthcare That is Easy to Access In an effort to increase productivity and employee retention, more companies are seeking to build cultures which are focused on health and safety. A report from Aon Hewitt , the National Business Group on Health, and the Futures Company, indicates that employers with a stronger health-focused environment had a happier, healthier workforce.

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