Designed to be a complete market offering for organisations in the Financial and Insurance sectors, this survey harmonises and combines three of Aon’s previous market offerings into a single comprehensive remuneration report. The combined survey offering will provide greater role coverage in industries that have similar, and competing talent pools, and creates a centralised document for organisations that have business activities across multiple industries.

Key features of this survey include:  

• Matching Aon’s global career framework to allow granular differentiation between different focuses and responsibilities within job families.
• Recognition of pay differentials between subject matter experts/technical specialists and multi-focus roles
• Supports organisations needs to remain flexible and agile to the market by capturing distinct function, role and focus matches while keeping a broad picture with rolled up categories

Participation Statistics:  

35

organisations

 

8,937

employees

194

key positions

The survey focuses on industry specific job families outlined below:

Insurance

• Claims
• Assessing
• Underwriting
• Risk Engineering
• Clinical Advisory
• Provider Management
• Actuarial Services
• Product
• Reinsurance
• Product
• Insurance Brokerage

Financial

• Fund Administration
• Wealth Management
• Investment Management
• Investment Banking
• Institutional Banking
• Business Banking
• Transaction Banking
• Retail Banking
• Retail Banking Operations

Cross Industry Role Coverage

• Customer Support
• Risk and Compliance
• Analytics, Modelling & Reporting
• Sales/Business Development
• Relationship Management

The Financial and Insurance Services Industry remuneration report is a premier product in the marketplace and combined with Aon’s advisory services will assist organisations to enhance strategic resilience.

Key Survey Features

When you participate in an Aon Remuneration Report, you gain access to numerous standard and custom reporting tools, all of which are updated with new data upon each release either annually or bi-annually, as well as a host of additional benefits. Features include:

• This survey will be upgraded in 2024 to the Radford Global Compensation Database, which combines data from leading Australia, New Zealand, and global companies into one intuitive portal. The functionality allows for: filtering of survey data, combining market filters (such as revenue and industry); unlimited peer cuts; ageing data; reports showing your position to market; non-standard percentile calculations; custom/combined positions; position descriptions and bulk data.
• Comprehensive coverage, with data on all major elements of the remuneration package; salary, benefits and both short and long-term incentives, as well as historical coverage of actual salary movements (with reports from the past five years available) and forecasts for the coming year.
• Invitation to participate in other qualitative reports that provide access to quantitative and qualitative information, supporting the review and design of total reward programs.
• The option to submit data once a year at a time that suits you, with a single data capture document, as well as the support of a dedicated remuneration analyst, who can assist with submitting your data and interpreting report results.
• Invitation to remuneration forum that allows for robust discussions and the critical evaluation of data findings and market trends, while networking with industry peers.