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Aon strikes $17 billion deal for rival USI Insurance Services
Aon will purchase rival USI Insurance Services for seventeen billion dollars. This acquisition aims to strengthen Aon's position in the middle-market segment. The deal highlights increasing consolidation within the insurance brokerage industry. USI, founded in nineteen ninety-four, offers various insurance and consulting services. The transaction is expected to finalize in the fourth quarter of twenty twenty-six.
Nifty 50 firms get dismal score on gender pay parity
Most Indian companies show a persistent gender pay gap, with women earning less than men. Only a small percentage of companies reported progress towards pay parity in the recent fiscal year. New labor codes strengthen legal foundations against wage discrimination for equal work. Structural career drivers and representation in high-value roles remain unchanged for women. Women are concentrated in junior roles and underrepresented in core business functions.
Pay hikes at India Inc likely higher this year; Average rise expected at 9.1% from 8.9% in 2025
Indian companies anticipate a 9.1% average pay hike in 2026, an increase from last year. Real estate and NBFC sectors are expected to offer the highest increments. Attrition rates have slowed to a five-year low. Companies are investing in critical talent and building sustainable compensation strategies. New Labour Codes are being assessed for their impact on pay structures.
India Inc pay hikes seen at 9.1% in 2026: Aon
India Inc employees can expect average pay hikes of 9.1% in 2026, up from 8.9% in 2025, with real estate and NBFCs leading at around 10%. Attrition levels have also declined to a five-year low of 16.2% in 2025, reflecting more targeted hiring and employee engagement efforts.
India is not just a market, it’s a growth accelerator: Jennifer Richards, Aon Asia Pacific CEO
Aon sees India as a key growth market in Asia-Pacific. The company expanded its capabilities through acquisition. An Aon survey reveals Indian employees are open to job changes. Rising healthcare costs and AI adoption are workforce trends. Geopolitical issues impact talent management in India. Companies are focusing on workforce efficiency. India is a hub for global delivery centers.
Gender pay gap widens as women go up the tech ladder
Aon’s latest estimates shared exclusively with ET showed that the unadjusted gender pay gap in the technology sector in 2023 is in the range of 28-30%, while for junior management, it is 8-10%.
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Corporate coaching goes democratic post pandemic
According to Aon, a professional services firm, until last year almost no company was looking at coaching beyond the leadership level. But in 2023, it is a different scene altogether with one in three coaching assignments also including junior and middle-management levels other than leadership, Aon director Anustup Chattopadhyay told ET. Companies are mostly opting for group coaching sessions instead of one-on-one sessions to drive more coverage.
Rajnath-led council approves Rs 70,500-cr defence proposals
The Rajnath Singh-led Defence Acquisition Council accorded Acceptance of Necessity (AoN) to projects worth Rs 70,500 crore. This is the first firm step towards acquisitions, which is followed by the formal tendering process.
Amid AI frenzy, HR wish list to bridge tech-people gap
The chatbot-human facilitator to bridge the gap between technology and people is one of the top items on the HR wish-list of India Inc. It also includes other HR-centric profiles to deal with the new realities of a hybrid workforce and the changing dynamics of employee wellbeing that bring in a new set of challenges.
Talent challenges ahead: It's back to basics for companies in 2023 after year of the big quit
From rushing to hold on to the critical talent and devising ways to stem attrition in 2022, companies will focus on growing and building the talent pool in 2023 as they prepare for potential economic uncertainty and volatility, according to the findings of an ET-Aon survey on corporate India's people priorities and challenges for 2023.
Financial services battle flight of talent to lucrative sectors
The Aon analysis also showed that overall attrition in the banking segment is 24.7% between January and September, with domestic banks showing 30.6% attrition and foreign banks 16.3%. Fintech players also contributed to high attrition levels of 27.4%. Wealth management players, too, saw a significantly high number of employee departures at 26.4%, while investment banks saw exits at 21.8%. The lowest exits in the BFSI space were recorded with asset management companies at 16.3%.
Companies stick to 'special leaves' offered during Covid times
Most of the leaves - like recharge, mental well-being, bereavement and unlimited wellness time-offs - were rolled out during the peak of the pandemic. Many companies have opted to continue with these even as offices have reopened and most sectors are performing at pre-pandemic levels.
Startup Hiring: Frenzy slows down, but many CXOs sitting on multiple offers
Profiles like chief technology officer, chief product officer and chief revenue officer continue to command high compensation owing to high demand, according to experts.
It’s an all-out talent war at new-age tech startups
Attracting and retaining talent has become a significant challenge, especially in the last two quarters as about 100 new-age companies are facing as high as 40% rejection rate by candidates.
Demand for tech talent keeps recruiters on toes
The dream run for tech talent in India has led to record attrition rates.
How many candidates does it take to fill one tech position in India?
The dream run for tech talent in India has led to record attrition rates. The buoyant market is keeping recruiters on their toes. They're being forced to keep a shortlist of at least five candidates for one job posting, said experts.
Survey finds vaccination may not be ‘must’ to return to office
Only 33% of companies are taking vaccination as one of the requisites for resuming offices, according to the survey by professional services firm Aon shared exclusively with ET.
It's bonus as usual: India Inc keeps calm and carries on
About two-thirds of major companies in the country, including ITC, PepsiCo and Maruti Suzuki, have handed out bonuses, variable payouts and incentives to their employees this year, despite the Covid-19 outbreak taking its toll on their businesses.
Aon buys 49% in Catamaran-owned insurance broker
Aon’s Asia Pacific CEO says the deal is first of several tranches to acquire Anviti completely
See you in bell: How India Inc may rate its employees
Appraisal time – bell curve time. So, how will India Inc place its employees on the bell curve? Here are the main findings from a survey of last year’s salary revisions by 1,000 companies across 20 sectors. The survey was done by Aon, available exclusively with ET.
Aon India's senior executives quit firm to join Deloitte
Anandorup Ghose, a partner and the head of emerging markets at Aon, who also headed its performance, rewards and organisation practice, has resigned after a nearly 14-year stint and joined Deloitte. A team of 15-plus consultants including three directors have left with him.
Campus hiring, compensation on upswing this year
Among business schools, tier-2 and tier-3 institutes have witnessed a higher year-on-year compensation growth, according to Aon Campus Study 2018-19, shared exclusively with ET.
India Inc's boardrooms: Only 6 out of 100 chairpersons are women
Aon Consulting in its ‘OnBoard’ report studied India’s top 158 companies.
Here is how India Inc’s top guns are getting paid
A pay package of Rs 2 crore on average is the new normal for CXO level roles in large companies across sectors, according to Aon Consulting research shared exclusively with ET.
Companies look to reinvent employee performance evaluation: Survey
Not many have noticed it yet, but companies have effected major changes in appraisal systems in last 2-3 years, a study by consulting major Aon says.
Telecom companies may offer better hikes next year to retain talent
Vodafone India and Idea Cellular, second and third on the leader-board, and are awaiting clearances for their merger, and so are Reliance Communications, Aircel and MTS.
Implementation of seventh pay to make entry level government jobs more attractive: Aon Hewitt
The analysis shows that compensation at entry levels in the private sector is under-indexed compared to that in the government.
How companies in India are retaining talent
In sync with this, companies’ employee benefits strategies have seen a marked shift, becoming visibly aligned with business objectives.
Campus hiring gets more zing, reveals study
The optimism in the economy is reflecting in the feel-good sentiment across campuses, the fourth edition of the Aon Hewitt study has revealed.
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