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 compensation plans and performance — based programs that emphasise the combined value of pay and benefits. Aon Hewitt's compensation consultants know how to transform HR challenges and requirements into compensation solutions aligned to your specific business objectives.
We assist you with the design, development, implementation and review of new and existing compensation structures and systems that 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 compensation structures that suit your needs
We create fixed compensation 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 Hewitt's proprietary job evaluation methodology JobLinkTM 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, the strategic direction of your business and the compensation resources available within your organisation to administer the system. We know from our extensive engagement research the importance of aligning your compensation 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 Hewitt, 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.
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 Hewitt 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.