Aon Advances Data and Analytics Capabilities for Human Capital Clients with Launch of Integrated Radford McLagan Compensation Database
Newly combined platform enables HR and total rewards leaders tobenchmark pay, assess plan design practices and access actionabletalent analytics
CHICAGO, Aug. 29,2024 /PRNewswire/ --Aon plc (NYSE: AON), aleading global professional services firm, today announced thelaunch of its newly integrated Radford McLagan CompensationDatabase to significantly expand its analytics capabilities forHuman Capital clients. This move brings the firm's market-leadingcompensation and talent insights in the financial services, lifesciences and technology sectors together on a unified platform,along with data from many other industries.
Collectively, more than 8,000 client organizations will nowleverage the combined Radford McLagan Compensation Database tobenchmark pay, assess plan design practices and access actionabletalent analytics spanning more than 30 million employees working inover 100 countries across thousands of unique job roles.
"Boards, corporate executives, HR leaders, total rewardsprofessionals, and governments around the world all rely on ourdata and analytics to make critical workforce decisions withconfidence and today's announcement gives these clients the widestpossible view of the global marketplace for talent," saidMichael Deeks, head of integratedsolutions and innovation for Aon's Human Capital capability."Bringing this data together creates an incredible platform forexpanded analytics on what it really takes to attract, retain andengage people in today's volatile business landscape."
Through the Radford McLagan Compensation Database, clients cannow access a growing collection of value-add analytics features,including:
- Job Offers Data – View the latest pay trends infast-moving fields such as AI, data science and machine learningwith job offers data collected through applicant trackingsystems.
- Location Analytics – Compare talent availability,compensation levels, and pay differentials around the world, animportant differentiator given the rise of remote and flexibleworking models.
- Talent Intelligence – Harnesses the power of machinelearning to predict pay for jobs or locations where market data iscurrently scarce.
- Talent Metrics – Monitor vital talent metrics to informcompensation and workforce planning activities, including salaryincrease budgets, turnover rates, and gender and ethnicity (U.S.only) distributions, among many other items.
Visit Aon.com to learn more about the Radford McLaganCompensation Database.
About Aon
Aon plc(NYSE: AON) exists to shapedecisions for the better — to protect and enrich the lives ofpeople around the world. Through actionable analytic insight,globally integrated Risk Capital and Human Capital expertise, andlocally relevant solutions, our colleagues provide clients in over120 countries with the clarity and confidence to make better riskand people decisions that protect and grow their businesses.
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