Talent Spotting: Using the Latest Data To Drive Value From Rewards
In the dynamic and rapidly evolving Asia Pacific (APAC) job market, successfully identifying, rewarding and retaining top talent continues to be critical for business performance. In Aon’s 2024 Global Salary Increase and Turnover study, two thirds of 4,500 organisations surveyed report that they actively identify their critical talent and key roles, as well as pinpointing high performers.
The second edition of the study, released in Q3 2024, provides insights on key workforce trends for hiring, attrition, performance management and merit/salary budgets across the globe. In this article we drill down into current pay and reward behaviours in APAC and explore how organisations are using talent insights to inform decisions that maximise business value from their rewards budget.
Key Takeaways for APAC Organisations
- Annual merit salary awards are continuing to be a tool of choice for recognising and retaining top talent.
- Merit awards are a key driver of overall salary increases.
- Despite the effort organisations are putting into tracking talent, most do not have a separate and dedicated merit budget.
Download the full report to learn more.