Aon Advances Data and Analytics Capabilities for Human Capital Clients with Launch of Integrated Radford McLagan Compensation Database

Rhea-AI Summary

Aon plc (NYSE: AON) has launched its integrated Radford McLagan Compensation Database, enhancing analytics capabilities for Human Capital clients. This unified platform combines compensation and talent insights from financial services, life sciences, and technology sectors, covering over 8,000 client organizations and 30 million employees across 100+ countries.

The database offers expanded features including:

• Job Offers Data for tracking pay trends in AI, data science, and machine learning
• Location Analytics for comparing global talent metrics
• Talent Intelligence for predicting pay in data-scarce areas
• Talent Metrics for monitoring salary increases, turnover rates, and diversity statistics

This integration aims to provide HR leaders and executives with comprehensive insights for making informed workforce decisions in today's volatile business landscape.

Positive

• Integration of Radford and McLagan databases, expanding analytics capabilities
• Coverage of over 8,000 client organizations and 30 million employees across 100+ countries
• Addition of new features like Job Offers Data, Location Analytics, and Talent Intelligence
• Enhanced ability to benchmark pay and assess plan design practices across industries

Negative

• None.

Newly combined platform enables HR and total rewards leaders to benchmark pay, assess plan design practices and access actionable talent analytics

CHICAGO, Aug. 29, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the launch of its newly integrated Radford McLagan Compensation Database to significantly expand its analytics capabilities for Human Capital clients. This move brings the firm's market-leading compensation and talent insights in the financial services, life sciences and technology sectors together on a unified platform, along with data from many other industries.

Collectively, more than 8,000 client organizations will now leverage the combined Radford McLagan Compensation Database to benchmark pay, assess plan design practices and access actionable talent analytics spanning more than 30 million employees working in over 100 countries across thousands of unique job roles.

"Boards, corporate executives, HR leaders, total rewards professionals, and governments around the world all rely on our data and analytics to make critical workforce decisions with confidence and today's announcement gives these clients the widest possible view of the global marketplace for talent," said Michael Deeks, head of integrated solutions and innovation for Aon's Human Capital capability. "Bringing this data together creates an incredible platform for expanded analytics on what it really takes to attract, retain and engage people in today's volatile business landscape."

Through the Radford McLagan Compensation Database, clients can now access a growing collection of value-add analytics features, including:

• Job Offers Data – View the latest pay trends in fast-moving fields such as AI, data science and machine learning with job offers data collected through applicant tracking systems.
• Location Analytics – Compare talent availability, compensation levels, and pay differentials around the world, an important differentiator given the rise of remote and flexible working models.
• Talent Intelligence – Harnesses the power of machine learning to predict pay for jobs or locations where market data is currently scarce.
• Talent Metrics – Monitor vital talent metrics to inform compensation and workforce planning activities, including salary increase budgets, turnover rates, and gender and ethnicity (U.S. only) distributions, among many other items.

Visit Aon.com to learn more about the Radford McLagan Compensation Database.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Media Contact
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SOURCE Aon plc

FAQ

What is the Radford McLagan Compensation Database launched by Aon (AON)?

The Radford McLagan Compensation Database is an integrated platform launched by Aon that combines compensation and talent insights from financial services, life sciences, and technology sectors. It covers over 8,000 client organizations and 30 million employees across 100+ countries, offering features like Job Offers Data, Location Analytics, and Talent Intelligence.

How many client organizations and employees does Aon's (AON) new compensation database cover?

Aon's newly integrated Radford McLagan Compensation Database covers more than 8,000 client organizations and over 30 million employees working in more than 100 countries across thousands of unique job roles.

What new features does Aon's (AON) Radford McLagan Compensation Database offer?

The new database offers features such as Job Offers Data for tracking pay trends in AI and data science, Location Analytics for comparing global talent metrics, Talent Intelligence for predicting pay in data-scarce areas, and Talent Metrics for monitoring salary increases, turnover rates, and diversity statistics.

How does Aon's (AON) new compensation database benefit HR and total rewards leaders?

The integrated Radford McLagan Compensation Database enables HR and total rewards leaders to benchmark pay, assess plan design practices, and access actionable talent analytics across a wide range of industries and job roles, helping them make informed workforce decisions in a volatile business landscape.