The survey findings painted a similar picture. U.S. They also offered insight into how they are currently managing their plans and where they see their greatest opportunities. Request a Demo Learn More . These efforts, among many others, are all designed to improve workforce resilience, which includes the physical, social, emotional, professional and financial wellbeing of employees. CHICAGO, September 10, 2020 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the results of a new global pulse survey focused on how companies are rethinking their human capital strategies in response to the humanitarian and economic impacts of the novel coronavirus (COVID-19) pandemic. “This workforce agility gap—between what employees and teams can handle today versus what will be required of them in the near future—is significant and represents a major challenge for companies looking to reshape their business and human capital strategies,” said Pete Bentley, chief commercial officer for Aon’s Human Capital business. However, most of these efforts are currently tied to enhancing Employee Assistance Programs (EAPs) and expanding networking groups for parents. Category: FINANCIAL, MENTAL, PHYSICAL, SOCIAL . This is an excerpt from the full report. The costs of employer medical benefits across the world are forecasted to rise 8.0 percent in 2020, outpacing general inflation by 4.9 percent. 18% of survey participants offer special pay programs, typically … For additional Aon insights on how companies can support workforce resilience, please visit: aon.com/risingresilient. We'd love to give you a personalized tour of the Radford Network and share more about our global rewards surveys. Since 2010, we’ve produced our Benefits and Trends survey – providing expert insights into the world of employee benefits. Highlights: 2020 Benefits Survey of Hospitals Now in its fifteenth year, the Benefits Survey of Hospitals provides crucial benchmarking and trend information that hospital executives need to manage their employer-sponsored health plans. Twitter Facebook LinkedIn Email. … On a global basis, 35% of survey respondents indicate their companies have changed, or are actively considering changing, their time-off policies in response to the pandemic. The survey also predicts that the pandemic will increase US employer … 2020 US medical claims lower than expected: Aon. Aon is pleased to present the results of its midyear 2020 survey of leading healthcare carriers in the U.S. Aon Reveals the Ward’s 50 List of Top-Performing Insurance Companies for 2020 Aon plc , a leading global professional services firm providing a broad range of risk, retirement, and health solutions, has released the list of Ward's 50 ® top-performing insurance companies for 2020, identifying U.S. companies that have achieved superior financial performance. AON Benefits & Trends Survey – 2020 . Aon 2019 Retiree Health Care Survey. This includes covering cell phone, internet and home office expenses, and in most cases, these enhancements are being provided on a temporary basis. The survey was conducted among 107 Aon offices that broker, administer, or otherwise advise on employer-sponsored medical plans in each of the countries covered in this report. Read the discussion on emerging trends, future trends and other key findings from our consultant team. Almost four-fifths of respondents (78%) saw the greatest increase in the number of policies underwritten in 2019 compared to 2018 in North America, and 68% expected that market to show the greatest increase in 2020. Among these companies, 32% created additional emergency paid leave policies beyond what is required by law to cover caregiving, illness or quarantining in 2020. Employers to Experience Lower Health Benefit Costs in 2020 Due to COVID-19 Impact, Aon Carrier Survey Finds. Media Contacts This Aon survey asked Canadian employers about the disability benefits they are offering to their employees and how those benefits are funded and administered. At the same time, companies continue to struggle with many of the acute challenges presented by the pandemic, such as assisting working parents when schools are closed or employees who are caring for elderly family members. Subscribe to our mailing list Subscribe. Aon also recorded growth in M&A insurance in Asia and Europe. May 4, 2020. Due to the dynamic nature of infectious diseases, Aon cannot be held liable for the guidance provided. Our October 2020 survey publications have arrived and, despite the unique challenges and opportunities this year has presented, we have reached several new milestones with the number of participating companies as well as incumbent counts. +1 408 321 2584. Globally, 84% of survey respondents view workforce agility, defined as the ability to quickly move employees into new roles or areas of the organization to support changing business needs, as very important or extremely important to the future success of their organization following the onset of the pandemic. To help address this need, we're excited to announce the release of our 2020 Salary Increase and Turnover Study - Second Edition results, featuring input from more than 2,800 participating companies on pay trends across 122 countries. For example, 71% of survey respondents globally said their companies are actively investing in tools and technologies to support remote collaboration, followed by 58% of respondents who said their companies are providing employees with more wellbeing tools and programs. Explore key findings from Aon's midyear 2020 survey of leading healthcare carriers in the U.S. Aon is pleased to present the results of its midyear 2020 survey of leading healthcare carriers in the U.S. Note: Your firm has signed an agreement not to share data on this site with any unauthorized party. The Aon Salary Increase Survey 2020 findings also revealed that India still lead the race of salary increase among other countries in the Asia Pacific region including China, Philippines, Malaysia, Singapore, Australia and Japan. Another top factor is the ability to assess employees for adaptability, collaboration and communications skills. Supporting workforce resilience is a work in progress. As more companies announce plans to expand or extend remote working arrangements for employees, they are also providing new tools and programs to improve the productivity and wellbeing of their remote workforce. In Aon’s U.S. 2020 Defined Contribution (DC) Employer Survey, employers revealed what they perceive as the keys to DC plan success – now and in the future. Globally, 85% of survey respondents said this factor was very important or extremely important. Let us know how best to reach you and we’ll be in touch shortly. “The degree to which firms are focused on improving workforce agility and making remote working effective is incredible. Lynette discusses the findings of the AON Global Risk Management Survey 2019 which involved responses from more than 2,600 risk managers from 33 industries, representing small-, medium- and large-sized organisations operating in 60 countries. In regard to insurance coverage questions, whether coverage applies, or if a policy will respond to any risk or circumstance is subject to the specific terms and conditions of the policies and contracts at issue and underwriter determination. Get valuable insights to improve your global understanding of salary increase trends and the various economic factors that influence those numbers. The survey was conducted across 105 countries where Aon brokers, administers or otherwise advises on employer-sponsored medical plans. Making remote working better is a priority. In this report, you will find critical insights on 2021 budget plans and the current hiring environment, as well as pay practices and performance management data. Aon is pleased to present the results of our 2020 survey of average medical trend rates from countries around the world. At a global level, we are expecting a lower average Medical Trend Rate in 2021 relative to 2020 reported projections. Aon Surveys Contact Us. The survey was conducted August-September 2020, after the initial emergence of the coronavirus (COVID-19) in the U.S. He added, “this gap is remarkably consistent across regions and industries.”, Diversity and inclusion are viewed as key to improving workforce agility. Forgot your user id or password? Other content in this Stream. Aon conducted the study, “Accelerating Workforce Agility and Resilience,” from August 17 to August 25, 2020, and a total of 2,004 human resources leaders and professionals responded globally. Only two other factors rated higher than diversity and inclusion―technology tools and infrastructure and communications tools and infrastructure. The aim of the survey is to identify key risks, trends and challenges facing organisations. Request a Demo . Complete study results are available here. Helping employees address acute challenges related to the pandemic remains an ongoing and evolving challenge for companies. 10th December 2020 - Author: Katie Baker. Aon's 2019 Global Risk Management Survey dives deeper into the macro factors leading to this decline. This press release provides general information and data as an informational resource. Another 10% of companies created policies covering both 2020 and 2021, and 5% created permanent policies. Additionally, on a global basis, 42% of survey respondents said their companies have already enhanced, or are actively considering enhancing, allowances and reimbursement policies for remote employees in response to the pandemic. Media Kit, Aon Survey Highlights Steps Companies are Taking to Accelerate Workforce Agility and Resilience, Key findings include HR professionals observing a strong link between diversity and inclusion and developing agile workforces. APRIL 28, 2020. The Radford Global Technology Survey now includes data from 2,594 organizations reporting information on 8.6 million employees in 86 countries. To help enhance organizations' position against evolving cyber security risks and threats, Aon is pleased to present the 2020 Cyber Security Risk Report. Radford survey data helps with targeted, accurate and timely compensation data to set you up for success. Aon 2020 Capital Accumulation Plans Employer Survey Report With (CAPs) becoming the primary workplace retirement vehicle for most Canadian employees, Aon surveyed … Read the full report to learn more. Previous Flipbook. Aon strongly encourages readers to seek additional safety, medical and epidemiologic information from credible sources such as the Centers for Disease Control and Prevention and World Health Organization. Aon (including Radford ) just published data collected from April 7 to 10, 2020. Stay up to date by visiting the Aon Newsroom and hear from Aon’s expert advisors in The One Brief. Globally, 86% of respondents said this factor was very important or extremely important, ahead of factors such as identifying employees with key digital skills, introducing new career paths and developing flexible compensation programs. Responses were collected from 44 national and regional carriers that offer medical, prescription drug, dental, and/or vision benefits. About the speaker. About Aon The Carrier Trend Report reflects carriers’ predicted increase in claims costs for renewals occurring in 2019 and is intended to assist in evaluating insurance premium renewals. Username. It is intended to provide general guidance on potential exposures and is not intended to provide medical advice or address medical concerns or specific risk circumstances. It focused on the actions taken since 2018 and the changes that schemes plan to make over the next year to the level of support available to members at retirement. Sign up for News Alerts here, Media Contact Aon Salary Increase Survey 2020 . For complete study results by region and industry, including additional data on performance management practices, rewards programs, workforce actions including layoffs and furloughs, the state of hiring, and adjustments to time-off policies, click here. Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Benefits and Trends Survey | Employee Benefits | Aon. Celebrating its 10th anniversary, Aon’s 2020 UK Benefits & Trends survey looks at the evolution of benefits provisions and the emerging trends in the employee benefit market. Kelly Sparrer Unveiling insights from Aon's 24th Annual Salary Increase Survey 2020, and Annual Executive Compensation Survey 2019 – 2020 What does the year 2020 look like in terms of Salary increases and Pay? Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Home / Aon Salary Increase Survey 2019-2020 / German Risk readiness has dropped to its lowest level in over a decade. Show previous Show next. However, while workforce agility is widely viewed as vital to future success, on a global basis, only 39% of survey respondents currently view their workforces as very agile or extremely agile. ksparrer@aon.com The human capital business at Aon recently launched its 2020 Mid-Year Salary Increase Report for Chinese Market, covering 576 companies in various cities and industries. ... Our most revent investment surveys are included here - please contact us to find our about subscribing to our surveys, or to obtain a copy of a historical survey that isn't shown below. 11% of survey … Machen Sie mit bei der Gehaltserhöhungsumfrage 2019-2020 von Aon Schließen Sie sich Tausenden von Unternehmen in über 100 Märkten an, um zu erkunden, wie sich die Gehälter weltweit entwickeln. Sign in to Continue. Media Releases Search for: Articles. (Image source: Aon Salary Increase Survey 2020) “Despite economic challenges in 2019, organizations in India are taking a positive view. Join us as we share insights from our two flagship studies and deep dive into performance and rewards movements with the backdrop of economic trends. This document has been provided as an informational resource for Aon clients and business partners. As per the Aon Salary Increase Survey 2020, the salary hike in 2020 is among the lowest figure since 2009 (at 6.6 percent). Aon 2020 Member Options Survey Aon’s third annual Member Options Survey canvassed the views of over 310 pension schemes. The prevalence of new or temporary programs to provide direct assistance to parents to cover childcare, tutoring, or e-learning costs remains low. Game-changing insights from Aon's thought leaders powered by industry-leading data and cutting-edge data science. Companies with best-in-class responses are looking at these issues holistically to serve their people from every angle.”, Workforce agility is vital to the future success of organizations, but agility gaps are widespread. Our April 2020 survey publications have arrived, and we are pleased to announce, we have reached even more new milestones with the number of participating companies as well as incumbent counts. Aon encourages all readers to consult with appropriate advisors before acting on any of the information contained in this press release and accompanying reporting. Complete study results are available here. Now in its fifteenth year, the Benefits Survey of Hospitals provides crucial benchmarking and trend information that hospital executives need to manage their employer-sponsored health plans. An update on rate and market trends in the property marketplace, with Q1 representing the 10th consecutive quarter of increasing property rates. Download our 2020 Benefits and Trends Survey. ET India Dialogues: What should be India’s employment strategy? Aon conducted the study, “Accelerating Workforce Agility and Resilience,” from August 17 to August 25, 2020, and a total of 2,004 human resources leaders and professionals responded globally. Now is the time to review current retiree health care strategies and consider alternatives for the future that better support cost and risk-management objectives. Aon is New Zealand's leading insurance broker and provider of risk management services. Globally, 59% of survey respondents say their companies have taken some action to support working parents who may not have the ability to send their children to on-site schools or other childcare facilities. Aon is pleased to present the results of its 2021 survey of average medical trend rates from countries around the world. Readers should not use this report as a replacement for legal, tax, accounting or other consulting advice that is specific to the facts and circumstances of their business. The survey was conducted August-September 2020, after the initial emergence of the coronavirus (COVID-19) in the U.S. When survey respondents were asked to assess 10 key factors needed to build and maintain an agile workforce, the ability to attract and retain diverse employees and create an inclusive culture ranked near the top. According to the ‘Salary Trends Survey 2020 - 2021' which captured responses of 1050 organisations spread across 20 sectors, the average salary hike in 2020 stood at 6.1 percent, which is the lowest level seen in 25 years of the survey. Explore the Aon 2019 Global Risk Management Survey results. Follow Aon on Twitter and LinkedIn  This year’s survey highlights shifting strategic benefits and wellbeing priorities in response to the COVID-19 pandemic. The survey responses reflect the carriers’ predicted increase in claims costs (net of COVID-19 impacts) for renewals occurring anywhere from July 1, 2020, through June 30, 2021, and are intended to assist in evaluating insurance premium renewals. “This study demonstrates how companies are actively preparing for the future of work,” said Michael Burke, chief executive officer for Aon’s Human Capital business. M&A insurance volume in APAC was 40% higher in 2019 compared to 2018, with Europe up 4%. Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below. 2,100+ Pay hikes in India to fall to decadal low in 2020: Aon survey report. Aon DC Survey Summary 2020 Download summary Responses were received from representatives of over 200 DC schemes, covering over half a million members and £50bn of assets. Signing in... First time user? A new report from global insurance and reinsurance broker Aon shows that medical claims in 2020 are estimated to increase at a rate of 5 percentage points lower than initially estimated by US insurers due to COVID-19. To complement the survey, we’ve recorded a webinar that covers everything from idea to implementation, tracking to trends and expert commentary from our Aon specialists focusing on 5 key areas: The 2019-2020 survey includes more than 2,100 employers across dozens of industry sectors in 132 countries, making it the largest and most comprehensive survey of its kind in the world. Aon’s Canada 2020 Capital Accumulation Plans Employer Survey (CAP Employer Survey) findings are presented in this report and supported by insights from Aon’s Canadian CAP Points of View Paper, which outlines our view of the key building blocks and design principles which will have a positive impact on individual outcomes. Email; Print; CHICAGO, Nov. 11, 2020 /PRNewswire/ -- A global pandemic did what no health expert or innovation has been able to do in decades. Link here. The third quarter update of the Aon Property Market Dynamics report includes a review of current property market rate and trends. Password. 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