- Aon plc announces the launch of its newly integrated Radford McLagan Compensation Database.
- This integration aims to enhance analytics capabilities for Human Capital clients by combining compensation and talent insights from multiple sectors.
Enhanced Analytics Platform
- Unified Database:
- The Radford McLagan Compensation Database now includes data from financial services, life sciences, technology sectors, and more.
- The platform serves over 8,000 client organizations globally, covering more than 30 million employees in over 100 countries.
- Purpose:
- Provides a comprehensive view for benchmarking pay, assessing plan design, and accessing actionable talent analytics.
- Job Offers Data:
- Insights into pay trends in fields like AI, data science, and machine learning based on job offers data from applicant tracking systems.
- Location Analytics:
- Comparison of talent availability, compensation levels, and pay differentials globally, important for remote and flexible working models.
- Talent Intelligence:
- Utilizes machine learning to predict pay for jobs or locations with limited market data.
- Talent Metrics:
- Monitors critical metrics such as salary increase budgets, turnover rates, and gender and ethnicity distributions (U.S. only) to inform compensation and workforce planning.
- Michael Deeks’ Insight:
- “Today’s announcement provides clients with the broadest view of the global talent marketplace, creating a powerful platform for analytics on attracting, retaining, and engaging talent in a volatile business environment.”
- Aon’s integrated Radford McLagan Compensation Database represents a significant advancement in talent analytics, offering clients deeper insights and enhanced capabilities for making informed workforce decisions.
