So much has happened in 2018 – have you taken the time to sit back and reflect? As the year winds down, we’ve compiled this list of the top rewards-related articles your peers have been reading so you can dive in and catch up (if you haven’t already).
The CHRO is considered a strategic business partner at many organizations and compensation reflects this fact. The strategic role of the CHRO continues to expand as companies get better at measuring the value of human capital to organizational success. A competitive talent landscape has elevated the need for the CHRO to focus on total rewards. As such, it’s not a surprise that median compensation for CHROs continues to increase. Has target total compensation for CHROs changed? Are they eligible for LTIs? Here’s what you should know.
The intent of the CEO pay ratio disclosure rule is to provide shareholders with some sense of the relationship between CEO compensation and employees. Public companies are required to report the ratio of CEO annual total compensation to the annual total compensation of the median employee. How is your organization navigating the complexities of this new corporate governance issue?
One of the most common challenges HR leaders face is ensuring there is a systematic way to compare the value of work across the organization. HR and compensation leaders need to evaluate the nature of work done and relative impact of each job, which means analyzing the job responsibilities, the technical and behavioral skills needed to perform the tasks, and assessing the business outcomes. Implementing a global job architecture can be a daunting task, but organizations have been pressing to complete implementations at a faster pace. That means having the right data and expertise at your disposal. Your efforts will pay off; here are four compelling reasons to do it.
Salary increase budgeting is always an area of interest for our readers. Companies in all parts of the world have generally been seeing growth in their salary budgets. We consider this to be an indicator of a healthy improvement in the overall world economy. If you are looking to build a salary increase budget now or in the future, these tips will help.
Millennials — commonly defined as individuals born between 1981 and 1996 — comprise a significant portion of the workforce. By 2020, projections indicate half of the workforce will be millennials, and by 2025, it will jump to three quarters. That’s why it’s more important than ever to devise creative and effective compensation strategies to attract and retain this generation of talent. Planning and customizing employee rewards for this generation can be key in helping you set your organization apart. How do you stack up?
Aon's experienced compensation team is here to help if your team needs any extra support or to get you the timely survey data you need to remain competitive and make the right compensation decisions in 2019 and beyond. To learn more about our solutions or if you have specific questions for our compensation experts, please contact us now.