Compensation

Attracting, motivating, and retaining the best talent is one of the greatest obstacles to growth over the next decade.  Clever organisations are finding ways to do this in a way that maximises their investment in compensation and rewards.  For many, this means creating programmes that establish a direct connection between an organisation's goals and objectives and an employee's focus and actions. It's an approach that shifts compensation strategies to performance-based programmes and emphasises the combined value of pay and benefits.

Backed by superior research and data, our consultants help you make the right choices for your organisation, offering a complete range of compensation and rewards services — from total rewards strategies to executive and broad-based plan design. These services are provided through our Executive Compensation, Broad-Based Compensation, Survey Data Solutions, Sales Compensation, and Global Rewards groups. We also help you tailor communication strategies for specific audiences, ensuring that your workforce truly understands how pay and benefits add up to total rewards.

Specialist compensation services for Financial Services, Technology, and Life Science companies

In addition to Aon Hewitt, Aon owns two companies providing specific compensation support to the Financial Services (McLagan), and Technology and Life Sciences (Radford) industries.

McLagan

McLagan is the financial services industry's leading compensation consulting, productivity and performance benchmarking firm.  Their industry focus, ongoing client work and proprietary study data allow McLagan to frame each consulting project within a broad business context and a keen understanding of competitive issues and practices.  For more information visit www.mclagan.com.

Radford

Radford is the industry leader, providing advice and benchmarking to technology and life sciences companies to address their toughest HR and rewards challenges: attracting, engaging and retaining talent. Our advisors provide industry-specific expertise, applying an analytical approach that integrates market data, trends and our experience in working with nearly 2,000 companies – from Global 1000 firms to start-ups – to balance the needs of executives, employees and shareholders. Our advice is customized to a client's unique situation to ensure your rewards programmes are not just competitive - but can be a competitive advantage.

Radford's uniquely data-driven perspective is why more technology and life sciences companies, and their Board of Directors and Compensation Committee, trust Radford for compensation data and advice than any other firm. Radford clients rely upon our global survey databases of more than four million incumbents for real-time insight on total compensation levels, practices and emerging trends to inform their HR and reward strategies.

Headquartered in San Jose, CA, we have professionals in Bangalore, Beijing, Boston, Chicago, Hong Kong, London, New York, Philadelphia, San Francisco, Shanghai and Singapore. Radford is an Aon Hewitt company.

Contact emea@radford.com for more information.

Broad-Based Compensation

Pay is critical in attracting, retaining and motivating the talent you need to maintain your competitive edge.

Unprecedented economic changes are impacting how companies approach compensation and talent management this year. Allow Aon Hewitt's Broad-Based Compensation consulting services to help you anticipate and solve your most complex compensation and talent related challenges.

We offer a complete solution that includes full services in compensation design, delivery and communication. We ensure that your pay programmes are effective, competitive and aligned with your business goals — yet are simple enough for employees to understand and HR to administer. We look at your entire pay structure — from base pay to bonus opportunities — to help you understand where your program is relative to the competition, where you want to be and how to get there. It's an approach that shifts compensation to performance-based programmes and emphasises the combined value of pay and benefits.

Our Broad-Based Compensation consulting services offer:

• Total rewards strategy and design
• Compensation administration and outsourcing support (COMPAS)
• Broad-based pay analysis
• Salary structure development
• Global compensation management
• Incentive plan design
• Sales force effectiveness
• Compensation surveys
• Market pricing
• Job evaluation
• Pay equity analysis
• Data solutions

Our consulting solutions are backed by a wealth of diagnostic tools to support data-driven decision making in an evolving marketplace, including:

• Total Compensation Measurement™
• Variable Compensation Measurement™
• Sales Compensation
• Salary Increase Survey

Total Compensation Measurement™ and Variable Compensation Measurement™ are trademarks of Hewitt Associates LLC

Last updated 2 December 2011.

Aon Hewitt Limited is authorised and regulated by the Financial Services Authority.