Aon’s McLagan team, which specializes in the review and design of compensation programs, provides professional service firms with best in class compensation analytics and supporting advisory services. These tailored solutions enable firms to recruit, engage and retain talent and drive profitable business outcomes.
- Comparing your organization’s compensation market position to peers in the industry.
- Staying informed on the latest business and compensation trends.
- Identifying roles and functions for which there is a premium in the competitive market.
- Harmonizing compensation strategy and overall organizational and human capital objectives
- Deepening alignment between performance and reward resulting in heightened employee engagement.
- Projecting salary budgets and develop accruals for incentives with greater precision.
- Creating a general sense of fairness and objectivity.
- Providing greater transparency around reward opportunity.
- Mitigating legal risk associated with pay inequity within positions.
We work with a wide range of professional service firms - and have deep expertise in specific segments, such as accounting & tax, financial advisory, management consulting, government, healthcare, PR & strategic communications and executive search.
- Compensation Surveys
- Productivity Benchmarking
- Staffing, Utilization, and Differentiation Analysis
- Cost and Size of Infrastructure
- Location Strategy
- Pay Strategy Development
- Annual and Long-Term Incentive Plan Design
- Competitive Pay Level Analyses
- Job Alignment and Evaluation
- Board and Compensation Committee Advisory Services
- Customized Research
Our surveys are designed to cover all practices/functional areas within professional service firms, including leadership roles, client-facing positions and support/infrastructure units. The diagram below is an illustrative example from a recent survey identifying the types of positions/areas that we can address.
Our analytics allow you to spend more time making strategic decisions and less time manipulating large volumes of information.
Executive Summary
- Performance
- Reward
- Staffing
Compensation Spend per Billable Hour
- Overall
- By seniority level
- By business line
Utilization Analysis
- Overall
- By seniority level
- By business line
Reward Summary
- Aggregate compensation spend
- Gap to market
- Quartile positioning
Performance Rating Analysis
- Mix of staff by performance rating
- Percent salary increases by performance rating
- Bonus as a % of salary by performance rating
Business Line Summary
- Aggregate competitive position
- Mix of staff by title
- Salary increases
- Incentive pay