Management Consulting
Aon
Full Credential Description
Aon collaborated with a healthcare company that was struggling with below-market retirement benefits, which they believed they could not afford to enhance. Through data analysis, Aon demonstrated that the inadequate retirement benefits were causing many employees to delay their retirement. This delay had potential negative consequences, including increased salary costs, higher health expenses, and decreased productivity and engagement among the workforce. By adopting a holistic approach to total rewards, Aon helped the client navigate the complexities of improving retirement benefits while simultaneously achieving savings through better workforce management. This strategic adjustment not only addressed the immediate concerns regarding employee retention and satisfaction but also positioned the company to enhance overall operational efficiency and employee engagement. The tailored solution provided by Aon allowed the healthcare company to align its retirement offerings with market standards, ultimately fostering a more engaged and productive workforce.