Aon  |  Professional Services Practice
Reward Solutions

For professional service firms, attracting and retaining talent is a critical issue. As the war on talented continues unabated, the ability of firms to deploy compelling and innovative compensation strategies represents both a critical success factor and key competitive advantage in the marketplace.

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.


Our approach focuses on:                                            

  • Top Talent

  • Compensation Spend

  • Pay Practices

Attracting and retaining top talent – by:                       

  • 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.                      


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.


Our Solutions

Analytics

  • Compensation Surveys
  • Productivity Benchmarking
  • Staffing, Utilization, and Differentiation Analysis
  • Cost and Size of Infrastructure
  • Location Strategy

Advisory

  • 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


Compensation Surveys

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 surveys are designed to cover all practices/functional areas within professional service firms, including leadership roles, client-facing positions and support/infrastructure units

Sample Analytics

Our analytics allow you to spend more time making strategic decisions and less time manipulating large volumes of information.

Executive Summary

  • Performance
  • Reward
  • Staffing
mclagan-sample-analytics-executive-summary

Compensation Spend per Billable Hour

  • Overall
  • By seniority level
  • By business line
mclagan-sample-analytics-compensation-speed

Utilization Analysis

  • Overall
  • By seniority level
  • By business line
mclagan-sample-analytics-utilization-analysis

Reward Summary

  • Aggregate compensation spend
  • Gap to market
  • Quartile positioning
 
mclagan-sample-analytics-reward-summary

Performance Rating Analysis

  • Mix of staff by performance rating
  • Percent salary increases by performance rating
  • Bonus as a % of salary by performance rating
mclagan-sample-analytics-performance-rating

Business Line Summary

  • Aggregate competitive position
  • Mix of staff by title
  • Salary increases
  • Incentive pay
 
mclagan-sample-analytics-business-line