Insights from AON's experts on inflation, retention, and employee investment
In the dynamic and ever-evolving world of HR, staying ahead of the curve is essential for success. As HR teams navigate significant trends such as inflation, flexibility, and DEI, experts from AON stress the need for data-driven decision-making and measuring the ROI of HR initiatives.
In an episode of HRD Talk, Jeffrey Smith speaks to Joey Raheb, Chief Commercial & Broking Officer, and Cathy Perron, Health Canada Co-Leader, both from Health Solutions at AON, about the trends and challenges HR is facing right now.
Go to the full podcast to hear valuable insights around benefits packages, dealing with the affects of inflation, DEI, data & analytics, and more.
Listen to the full podcast here
Balancing inflation with affordability can be a tricky business but it’s also critical according to Perron. Stressing that employers must be diligent when it comes to cost management Perron said, “The total rewards strategy is key.”
She believes that employers must explore innovative options to keep their benefits attractive. “Compensation is still very important, but it needs to be balanced,” Perron said.
“For some employees, it will be flexibility and compensation, for others, it could be a different combination but most of the time, it will not be on the compensation so how we balance every aspect in our total reward strategy is very important,” she continued.
By focusing on innovative strategies that prioritise employee satisfaction, well-being, and diversity, organisations are positioning themselves for success in a rapidly evolving world.
Listen to the full podcast to hear Peron and Raheb’s insights into:
- The balancing act between inflation and affordability
- Diversity, equity, and inclusion as a core focus
- Bridging the gap between communication and engagement
- The importance of culture, wellbeing, and prioritising employee satisfaction
- The power of data driven decision making