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Human Capital Solutions Newsletter | February 2021

 
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As employees transition into more permanent remote working arrangements, we explore what that means for pay. Our featured article debates the pros and cons of applying geographic differentials to equity compensation while our infographic looks at location-based pay adjustments in the life sciences sector. Also, don’t miss talent insights on the implications of more gig workers and how organizations can place as much emphasis on reskilling as hiring.
Are Geographic Differentials for Equity Compensation a Step Too Far?

While many firms use geographic pay differentials for salary, this decision is becoming more nuanced with greater remote working. A looming question is whether to apply geographic differentials to equity pay. Here, we consider the pros and cons. Read More
 
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A new pay data disclosure rule is a reminder that pay equity legislation will continue to be pervasive and employers need to conduct regular pay equity audits. We look specifically at what this new law requires.
 
 
 
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The Future of Recruitment and Talent Assessment

The shape of the workforce is changing. In Aon’s Digital Readiness Survey, we found that 42% of firms plan to use contingent workers as part of their future talent strategy. We explore the implications to individual workers and employers.
 
Roadmap
 

Hiring can no longer be the only solution. Organizations must look within and develop an internal pipeline of talent to meet future needs, with a goal of understanding current skills and capabilities, to build a path to reskill and upskill the workforce.
 
 
 
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U.S. Property-Casualty Insurance Industry Trends and Outlook  

In this article, we take a look back at the year as well as a look forward, highlighting profits and losses, as well as adjustments insurance firms should make to their human capital strategies to successfully embrace agility and the future of work.
 
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Total Rewards Effectiveness in a Changing World

 

Hosted by WorldatWork, Aon’s Brooke Green discusses how world changes are influencing how workers view total rewards and provide a new framework for measuring the effectiveness of total rewards programs.

Date: February 24, 2021
Time: 9:00 a.m. – 10:00 a.m. PST
Register Here


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Life Sciences: Changes to Total Rewards and Geographic Pay
 

Learn approaches life sciences firms are taking to geographic pay differentials, how many firms expect their workforce to stay remote and adjustments that have been made to reduce costs of total rewards. Data is based on responses from 176 life sciences firms to our latest COVID-19 Pulse Survey. Read more

 

 

More Human Capital Insights

 

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About Human Capital Solutions

Aon's human capital business provides leaders with a powerful mix of data, analytics and advice to help them make better workforce decisions. Our team, spanning 2,000 colleagues in more than 30 countries, includes the firm's rewards, talent assessment, and performance & analytics practices. To learn more, visit humancapital.aon.com.
 
 

humancapital.aon.com 

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