Total Rewards Benchmarking Platform
What is the Total Rewards Benchmarking Platform?
Aon’s Total Rewards Benchmarking Platform brings together compensation and benefits data with employee population insights to support organizations struggling with fragmented benchmarking data. This comprehensive snapshot allows leaders to optimize and measure the impact of total rewards investments with unmatched clarity and confidence.
By sourcing from our trusted Radford McLagan Compensation Database (RMCD) and our Benefit Index data, the benchmarking platform delivers a holistic view of an organization’s market positioning – all in one place. Employers are equipped with on-demand analytics and intuitive data dashboards, helping them fully understand their most pressing total rewards questions, such as:
- What gaps exist in our total rewards programs in attracting, retaining and motivating top talent?
- How can we better optimize our total rewards spend and determine return-on-investment?
- How does our total rewards program impact overall business performance and employee experience?
- How does our total rewards package compare to competitors and peers?
- Are our compensation and benefits aligned with employee expectations?
Total Rewards Overview
Source: Sample Total Rewards Benchmarking Platform Output
Why is Total Rewards Benchmarking Important?
In today’s dynamic business environment, organizations face mounting pressure to attract, retain and develop top talent amid rising health costs, talent shortages, and evolving pay expectations. To meet these challenges and unlock the full potential of their people, leaders need a data-driven total rewards strategy that balances employee needs with financial sustainability and performance.
Yet many companies struggle with fragmented compensation and benefits data, limiting their ability to generate meaningful insights. Without a unified benchmarking platform to consolidate total rewards data, it becomes difficult to identify gaps, measure impact, and make informed decisions that drive workforce engagement and business outcomes.
#4
Failure to attract or retain top talent is the fourth biggest risk facing organizations globally.
Source: Aon’s Global Risk Management Survey
Benefits of the Total Rewards Benchmarking Platform
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Total Rewards Insights
Unify compensation and benefits analytics to evaluate market positioning and uncover strategic opportunities.
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Unmatched Data Depth
Leverage 50 years of trusted benchmarking expertise through Aon’s unified data environment.
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Modern UI and UX
Navigate a seamless, intuitive platform with a design built to eliminate fragmented data challenges.
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On-Demand Access
Access insights instantly through our self-service platform available anytime to support decision making.
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Automated Analytics
Transform complex data into clear, actionable visuals with our dynamic dashboards.
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Flexible Filtering
Pinpoint trends and gaps by filtering data across job levels, functions, geographies, and more.
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Industry and Peer Group Comparisons
Understand your organization’s total rewards value compared to industry peers and cross-sector benchmarks.
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Easy Collaboration
Use the “flag for discussion” feature to align with consultants and prepare for more strategic conversations.
Competitive Positioning of Total Rewards Components
Source: Sample Total Rewards Benchmarking Platform Output
How Aon Can Help
Powered by one of the world’s largest proprietary compensation and benefits datasets, Aon’s Total Rewards Benchmarking Platform provides employers the data and analytics needed to build competitive, equitable, and market-aligned total rewards strategies. Whether you're a new or existing client, our curated offerings provide flexible levels of customization and bespoke analysis to meet your organization’s unique needs.
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Existing Compensation and Benefits Subscriber
With a simple add-on, clients can quickly access integrated total rewards data and insights.
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Existing Compensation Subscriber Only
By sharing their benefits data, clients gain access to integrated total rewards value, helping them identify optimization opportunities and extract more value from benchmarking.
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Existing Benefits Subscriber Only
By subscribing to the Radford McLagan Compensation Database (RMCD), clients can integrate compensation data with their existing benefits insights, enabling a holistic view of workforce investments and market positioning.
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New Client
Clients gain access to integrated total rewards data and insights across countries, with the ability to dive deeper into compensation and benefits details and leverage analytics to make better decisions.
