Compensation Cafe

OCTOBER 13, 2015

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). The data apparently shows that we will deliver base pay as a flat amount going forward. Don’t follow the data.

Bonuses and Incentives 40

Bonuses and Incentives AON Compensation Data 40

Rallyware for Human Resources

OCTOBER 10, 2017

Of course, there is a wide range of incentives including bonuses, cash rewards, discounts on company products, and so on. A poor experience with a sales rep will taint the customer’s overall buying experience for a long time. In fact, for each 1% increase in workforce training engagement, companies receive a 0.6% growth in sales.

Compliance Training 66

Compliance Training Training Bonuses and Incentives AON 66

Compensation Cafe

OCTOBER 14, 2015

Build a systematic, data-based approach for a highly emotional form of decision making. And as Dan pointed out yesterday, even the august duo of Towers Watson and Aon Hewitt are admitting to what the data has actually told us for a few years, ". Compensation specialists, what do we do well that others don't? well, you know.

Compensation 40

Compensation AON eBook Career Development 40

Workday

JANUARY 18, 2017

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. Special perks like Friday yoga or in-chair massage, retention bonuses, and large cash incentives for employee referrals may be critical components.

Compensation 28

Compensation Retention and Turnover Bonuses and Incentives Company 28

Vantage Circle

SEPTEMBER 11, 2023

Enhanced Data Analytics Many employee benefits platforms offer advanced data analytics tools to help organizations gain insights into their benefits programs. This includes metrics such as enrollment rates, claims data, and employee feedback. Compatibility is key to streamline processes and avoid data discrepancies.

HR Software 52

HR Software Planning Tools Onboarding Software Hiring Software 52

Engagedly

DECEMBER 3, 2024

By customizing incentives to better fit the individual ensures that your recognition efforts genuinely resonate , boosting morale and motivation. The AON Hewitt Model This model emphasizes Say, Stay, and Strive, the three primary engagement drivers. These metrics help businesses make data-driven decisions to boost morale and retention.

Employee Engagement 52

Employee Engagement Interview Software Planning Tools Retention and Turnover 52

Astron Solutions

SEPTEMBER 17, 2019

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. The top five retention incentives for millennial employees are: additional bonuses or financial incentives (44 percent).

Bonuses and Incentives 40

Bonuses and Incentives Compensation Planning Tools AON 40

DailyPay

NOVEMBER 17, 2020

Cynthia has over 25 years of HR management experience, with 15 years of leadership roles with companies like AON, ADP Canada. Her areas of expertise include leading enterprise wide HR projects such as influencing managers driving organizational incentives, cost benefit and compensation analysis. What surprised you about it?

Video Recruiting 52

Video Recruiting Hiring Software Onboarding Software Staffing Software 52