The economics of the private banking business are under serious pressure. On average, firms are seeing a 6% decline in per head revenues and profitability is under even more strain, down by 10% per head. With COVID-19 disruption set to continue for a while longer, firms cannot afford to wait any longer to address tough decisions.
Published: December 2020
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Originally published in WorldatWork’s #evolve magazine, we discuss three AI-enabled tools that can benefit different areas of the human resources function, including job matching, benchmarking pay and career pathing.
When the founder at a company asks for more equity — not an uncommon request — private company boards must understand the competitive landscape and nuances within market data.
Originally published in The Retailer magazine, we discuss how agile workforce strategies, including virtual working, flexibility and aligned benefits, can help retailers succeed in the post-pandemic world.
Published: November 2020
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ISS has finalized its 2021 policy updates that cover board composition, shareholder proposals and more. The updates do not include executive compensation topics, which the firm will likely cover in updated FAQs next month.
Ian Karcher, Associate Partner im Bereich Rewards Solutions bei Aon, sprach kürzlich mit Markus Enzner, Executive Director Total Rewards bei Johnson Controls darüber, wie die Digitalisierung Human Resources in einer der weltweiter Markt- und Technologieführer und Anbieter ganzheitlicher und intelligenter Gebäudelösungen beeinflusst.
In the third and final article of our European Leaders in Rewards series, we discuss whether rewards functions are benefitting from the digital revolution to the same extent as other business areas.
San Francisco voters passed a new pay ratio tax this month for companies operating in city limits that becomes effective in 2022. We explain what businesses need to know.
This regulatory update summarizes the broader context of ISS’ announcement, the firm’s rationale and the potential impact to proxy voting recommendations and voting outcomes.
Before COVID-19, the term “future of work” was often viewed as nebulous and intangible. The pandemic has changed everything, and when it comes to human capital, it’s the biggest catalyst to workforce change. Yet, businesses are struggling to juggle priorities. While plans for returning to the workplace and adjusting compensation are top concerns for many organizations, there is much more firms should be addressing. This Q&A discusses various aspects of the future of work in an increasingly complex world.
Too much discretion or exercise of upward discretion can lead to liability treatment for equity plans. This article discusses potential ramifications and ways to avoid them.
Over the past decade the Registered Investment Advisor sector has boomed. This breadth of choice is likely to have benefited clients, as many of these new-to-market RIAs left larger organizations to start their own firms. Yet, the outlook for the RIA sector is not all positive following a difficult 2020.
In the second article of our "European Leaders in Rewards" series, we discuss the benefits and risks of rewards segmentation and its potential impact on employee engagement.
Published: October 2020
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With a more remote workforce, European life sciences firms are seeing an increase in talent moving within countries. As such, organisations face pay-related questions, including analysing cost of living, market pay, tax and accounting-related laws in local jurisdictions.
ISS’ preliminary FAQs provide some guidance for companies preparing for the upcoming proxy season as year-end compensation and program decisions are being made.
Despite increased U.S. trade restrictions, China remains a key market with strategic importance for foreign pharmaceutical and medical device companies, many of whom anticipate making additional investments in their business and human capital.
Der größte Wettbewerbsvorteil, den ein Unternehmen gegenüber seinen Konkurrenten hat, sind seine Mitarbeiter. Dies ist ein Aspekt, der von niemanden kopiert werden kann. Im Jahr 2020 ist die HR-Welt mit modernen Instrumenten wie der KI gesegnet worden, die die HR-Belegschaft immens verändert hat.
As part of its annual policy review and update process, ISS has issued draft 2021 policy updates for comment until October 26. While the proposed changes cover a variety of topics, they do not include executive compensation for the second consecutive year.
With employee turnover rising among retailers, businesses must closely benchmark pay as they look to replace workers and, in some cases, ramp up hiring plans.
In the face of the challenges and disruption caused by the COVID-19 pandemic, businesses have opportunities to revamp their HR strategies to meet short- and long-term needs. Here are five useful tips for navigating and embracing change to secure a positive future.
In today’s uncertain environment, many companies are actively considering new approaches to mitigate performance and payout volatility, including the use of non-financial metrics, individual performance, widening performance ranges and flattening pay curves.
In the first article of our “European Leaders in Rewards” series, we examine the pros and cons of job evaluation and how firms should adjust methods to reflect the evolving business world.
Investors are even more focused this year on how remuneration committees exercise discretion, connect pay to performance and disclose key pay actions. Firms should scenario plan to guide decisions, anticipate curveballs and prepare for discussions with stakeholders.
As companies develop a comprehensive approach to managing their talent remotely, they need to examine many areas, including adjusting rewards for location, redefining the employee value proposition and delivering on inclusion and diversity through different hiring opportunities.
This article, first appearing in Bank Director, highlights the impact of COVID-19 on executive compensation decisions for banks and how incentive plans will need to be adjusted.
To explore how recovery efforts are shaping up in China, Judy Zhang, Partner and Head of China’s Rewards Solutions practice at Aon, recently spoke with Rosa Lee, Executive Vice President at Bosch (China) Investment Ltd. The following is an edited transcript of their conversation.
With ESG issues gaining prominence among institutional investors, there is a need in the market for standards to evaluate how organizations are addressing these issues.
Published: September 2020
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The new rules are principles-based, but the SEC did give examples of what could be considered material and worth including. Companies will be well-served to start preparing for disclosure now.
Board leadership structures and compensation can vary greatly depending on company size. Our research reveals key data, such as trends in stock ownership guidelines, types of perks that are declining and differences in how pay is structured for CEOs and executive chairs.
As remote work becomes the new reality, companies across Europe are assessing geographic pay differentials and the impact of location strategy on total rewards.