Total Rewards

Employee Rewards and Workforce Advisory

Total Rewards

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Total Rewards Advisory and Data for a Stronger Workforce Strategy

The right Total Rewards strategy turns workforce investment into greater value for employees and stronger business performance.

Total Rewards is no longer just about programs and pay. It’s a strategic lever to:

  • Optimize costs
  • Retain and engage talent
  • Boost productivity and performance
  • Enhance employee wellbeing

Every rewards dollar is a choice. Aon helps clients make investments that create the greatest talent and business impact. We combine data, advisory, analytics and broader capabilities, including:

  • Health and benefits
  • Retirement and financial wellbeing
  • Compensation, career development and rewards, data and advisory
  • Workforce transformation and AI
  • Recognition

Total Rewards Strategy for Employee and Business Value

Total Rewards is more than a collection of separate programs. Aon’s framework uses five interconnected dimensions:

  • 01

    Compensation

    Base pay, short-term incentives, long-term incentives and executive rewards.

  • 02

    Benefits

    Health, retirement, wellbeing and financial security programs.

  • 03

    Career Development

    Skills development, learning, career mobility, growth opportunities and workforce transformation.

  • 04

    Work Environment

    Ways of working, hybrid and on-site models.

  • 05

    Recognition

    Monetary and non-monetary programs that recognize and reinforce desired behaviors. Together, these dimensions influence attraction, retention, engagement and performance.

Working With Aon

Our integrated Human Capital data platform spans compensation, benefits and workforce insights. Aon’s advisors deliver actionable intelligence on market competitiveness, employee perception and value, and ROI.

Using these insights, and Aon’s Values Framework, we help employers identify where to invest, where to scale back and how to navigate change with confidence.

  1. Strategic Value - How does our strategy influence performance, productivity, and wellbeing?
  2. Employee Value - What truly matters to employees?
  3. Competitive Value - How competitive is my total rewards package?
  4. Financial Value - What return am I getting for my investment?

Our Total Rewards Capabilities

  • +Strategic Value

    Create Total Rewards approaches that respond to workforce changes, cost pressures and evolving employee expectations. Tools include:

    • A Total Rewards philosophy and guiding principles
    • Total Rewards Roadmap and activation
    • Ongoing reassessment
  • +Employee Value

    Challenge assumptions with employee listening. Understand what’s valuable to employees and how they perceive total rewards through research, surveys, sentiment studies and feedback programs. Tools include:

    • Focus Groups
    • Perception surveys
    • Conjoint analysis
    • External employee sentiment data
  • +Competitive Value

    Use data, technology and analytics to understand how rewards programs compare to the market and where opportunities exist to improve outcomes. Tools include:

    • Total Rewards Benchmarking Platform
    • Radford McLagan Compensation Database
    • Benefits benchmarking
    • Human capital analytics
    • Employee sentiment research
  • +Financial Value

    Manage and measure Total Rewards spend, engagement and values to track ROI. Tools include:

    • Total Rewards optimization initiatives
    • Governance framework
    • KPI development and dashboard
  • +Workforce Transformation and M&A

    Navigate organizational change, AI workforce redesign, acquisitions and integration activities with confidence.

More Insights

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Let’s Connect

Talk to Our Team

Connect with our Total Rewards team to learn how a strategic, data-driven approach can help you create more value for your employees and your business.

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