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Pay transparency is coming for the global workforce. Is your HR department ready?

HR Brew

While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. As such, Aon is recommending that employers know “what their gender pay gap is today,” Voss said. More than compliance.

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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. Survey results can also serve as a useful benchmark for the milestones of your restructuring strategy. Communicate Clearly and Consistently.

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7 Employee Engagement Models To Help Improve Engagement (In 2024)

Analytics in HR

Aon Hewitt’s Say-Stay-Strive model 2. Here’s how: Data-driven decisions: Engagement models replace guesswork with informed insights through mechanisms like surveys and direct feedback. Aon Hewitt’s Say-Stay-Strive model Professional services consulting firm Aon Hewitt developed the Say-Stay-Strive model.

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Employee Experience Tools and Providers: 6 Vendor Types

DecisionWise

Many human resource information systems incorporate employee survey features inside their platforms.  Survey functionality is also robust, as are benchmarking and normative datasets. Willis Towers Watson , Aon Hewitt , Deloitte, Mercer , and PWC. Qualtrics, Medallia , Forsta , Survey Monkey, and Alchemer. HRIS (HCM) Systems.

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To give, or not to give? Navigating the 2023 merit pay dilemma.

HiBob

According to Adam Barnett, a partner at Human Capital Solutions, Aon , “rising economic uncertainty and increased market fragmentation are making salary increase planning especially difficult this year.” What are the compensation benchmarks on average merit increases for 2023? Keep your people in the loop. What’s our cash flow?

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Salary Negotiation Strategies: Securing Your Worth in the Workplace

Heyyy HR!

This means knowing how to negotiate effectively and using available salary data to inform your direction or confirm your confidence during these discussions. Salary Surveys and Benchmarks Utilize surveys : External compensation agencies have the best data. Below is another visual where he has compiled great information.

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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

HR analytics can sift through all the information and skills in new candidates’ applications, compare this with the skills and behaviors of your current top performers, and make a shortlist of the best potential candidates using algorithms. Managers received this information to reduce the risk of turnover and improve retention.

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