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Rewards Solutions Newsletter | September 2020

In this issue, we outline three steps companies across the globe can take to navigate an unusual compensation cycle, why corporate DEI programs often fall short of stated goals, our new salary increase findings in China by industry and much more. We also would like to invite you to download complimentary survey results from the 5th Edition of our COVID-19 Pulse Survey: Accelerating Workforce Agility and Resilience. 
How to Effectively Tackle the Most Unusual Compensation Cycle Ever 

Across the globe, rewards professionals are tasked with determining 2020 payouts and 2021 merit increases in the middle of extreme business uncertainty. We recommend three steps to take that will guide better decision-making.Read More

Many organizations have diversity and inclusion programs that fall short of stated goals, partly because they often don’t track key HR metrics. Using our framework and a case study, we explain how to establish DEI programs that create meaningful and lasting change, starting by examining pay equity.  
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New SEC Rules Could Alter the Proxy Voting Process; Here’s What Companies Should Know  

Although uncertain, new SEC rules could raise the importance of company statements in response to a proxy firm’s recommendations. They could also create a lag in proxy voting, resulting in less visibility of potential voting outcomes. Effective shareholder communication is vital.  

During times of uncertainty, carefully reviewing your CEO pay decisions for the 2020 fiscal year essential. Our analysis of early pay data provides a first look at key data points to help serve as a guide.

Addressing Gender Pay Gaps in the U.K.: Looking Backward to Move Forward   

As the economy and businesses in the U.K. head towards COVID-19 recovery, many firms are reviewing their rewards strategies, including reassessing their approach to gender equality and pay gap reporting.  

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While nearly all industries are reporting lower salary increases for 2020 compared to 2019, some industries are showing signs of recovery. Here’s how different industries have been impacted and what they need to consider as they plan for 2021.  
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Performance Rating Systems in the Middle East: To Remove or Not to Remove  

While some technology firms have moved away from performance ratings, financial services firms are much less likely to eschew the standard practice. We discuss the challenges and factors to consider for banks in the Middle East.  
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GEOvirtual 2020   

Interested in learning more about the hottest issues in global share plans and executive compensation? Learn from Aon experts at several sessions during Global Equity Organization’s interactive, virtual conference held each week from September 21 to October 30. 
Register Here


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About Rewards Solutions

The Rewards Solutions practice at Aon empowers business leaders to reimagine their approach to rewards in the digital age through a powerful mix of data, analytics and advisory capabilities. Our colleagues support clients across a full spectrum of needs, including compensation benchmarking, workforce and pay modeling, and expert insights on rewards strategy and plan design.