Aon assists companies in making better decisions – not only to address the challenge of attracting and retaining talent, but also to optimize investments in benefits and foster a healthy, productive workforce.
Active Health Management
Protecting people’s health is a crucial responsibility, especially for companies that can and must play a key role in its promotion. Aon is committed to highlighting proactive measures that employers can take to support and improve health outcomes.
Making Better People Decisions
People are an organization’s most valuable asset, its largest cost, and a major source of risk. Therefore, getting your people’s strategy right can often be the difference between success and failure. Unfortunately, amid rapidly rising healthcare costs, growing retirement savings gaps, fierce competition for talent, ongoing technological change, and unprecedented shifts in workforce behaviors and expectations, organizations struggle to develop the comprehensive human capital strategies they need to compete in an increasingly volatile world. At Aon, our Human Capital products and advisors help clients navigate today’s most pressing people challenges to create a healthier, more engaged, and ultimately more productive workforce.
According to the latest Global Medical Trend Rates Report 2024 from Aon, medical costs are rising globally by 10.4 % per year – and the trend is upward. To control and manage these costs, it is time for employers to shift their focus from an approach of returning sick employees to the workforce toward preventing potential illnesses from the outset. This idea aligns with the need for targeted, transparent communication of the benefits offered to ensure that they are understood and utilized by the company’s workforce. After all, employee benefits can only be effective if they are utilized. Another important component is determining which benefits are the right ones.
The basis for this decision lies in a better understanding of which employee benefits hold value. With the help of high-quality data – either based on the evaluation of previous experiences or obtained through the use of benefits platforms – the return on investment (ROI) of a company’s own wellbeing strategy can be optimized and maximized.
Better Informed. Better Advised. Better Decisions.
Delivering compelling total rewards that meet the needs of a diverse workforce requires a strong connection to your Employee Value Proposition (EVP) and innovative technology. This means, first, employers need to ensure that what is offered matches what the company values and delivers for its people. Second, compensation and benefits – from salary and incentives to healthcare, retirement, and voluntary benefits – should be accessible through a digital platform that allows employers and employees alike to gain a full picture of what is being delivered and how total rewards are utilized.
While many organizations focus on having a platform to deliver compensation and benefits, they don’t spend as much time ensuring rewards align with EVP and meet the needs of a diverse, multi-generational workforce. It’s after that foundational work is established that innovative technology can deliver further value for businesses and their employees.
At Aon, we support our clients with global, market-leading capabilities and access to a network of benefit experts to deliver globally consistent, yet locally relevant, solutions that improve the health, well-being, and resilience of your workforce by making better decisions – today and tomorrow.
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