Attracting, motivating and retaining the best talent is one of the greatest obstacles to business growth in competitive industries. That is why it's important to have reward plans and performance-based programs that emphasise the combined value of pay and benefits. Aon Hewitt's reward consultants know how to transform HR challenges and requirements into remuneration solutions aligned to your specific business objectives.
We assist you with the design, development, implementation and review of new and existing remuneration structures and systems to meet your business requirements. Our consulting team offers both advisory and corporate experience ensuring that your solution will have a foundation in best practice that's also practical to implement.
Fixed remuneration structures that suit your needs
We create fixed remuneration structures that consider not only market competitiveness, but how employees progress through their careers at your organisation.
Depending on your organisation, we may recommend broadbanding, career levelling, job evaluation or a completely customised solution. Aon's proprietary job evaluation methodology JobLink™ is a global solution designed around the most relevant job sizing factors in the contemporary employment market.
We take into consideration the size of your organisation, your industry, your strategic direction and the remuneration resources available within your organisation to administer the system. We know from our extensive engagement research the importance of aligning your remuneration structure with career paths at your organisation – for a fully integrated talent and rewards approach.
We know the importance of a performance pay plan
A clear performance pay plan will help motivate your employees to achieve their best. Our consultants can assist with the development of new plans or review existing plans for all forms of performance pay, including sales commission, short and long-term incentives, bonuses, and low-cost reward and recognition schemes.
Incentivise for success
At Aon, we work with HR practitioners to help you understand the way to design and implement short and long-term incentive (STI/LTI) plans and variable pay practices. We'll help you understand the relationship between performance and payout, tools and best practice approaches and help with implementation and communication of the plan to key stakeholders.
Executive compensation expertise
We provide executive compensation expertise to navigate the performance and governance challenges inherent in executive remuneration programs.
Having an executive remuneration program creates a strong link between your workforce and business goals. Our consultants can help deliver positive ROI, balance stakeholder interests, achieve business continuity and attract and retain key personnel through creative and performance-based reward strategies.
Develop a sales compensation plan to drive results
A highly competitive marketplace is impacting how companies approach sales compensation. We provide full services in compensation design, delivery and communication. At Aon 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. We specialise in 'best fit' solutions for your salesforce to closely align to your sales and business strategy. In sales compensation we are acutely aware that what works in one environment will not be the solution in another – and our impact is measurable.