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Radford Newsletter | May 2018

 
 
 

Our May issue begins with a feature article on cost-effective talent strategies every company can use to move past simply paying more and more in compensation— and if you're a visual person, check out our companion infographic at the end of our newsletter. Up next, we have two sets of twin articles on hot skills and retention bonus trends at technology and life sciences companies. Finally, read on for Aon’s latest article on cyber security and the C-suite, our latest survey findings on talent practices and where to find us at WorldatWork's 2018 Total Rewards Conference later this month.

 
 

 
 
We recently met with 200-plus HR and compensation leaders in Silicon Valley to discuss the difficulties of hiring and retention in today's fierce talent environment. As everyone in the room agreed, paying top dollar helps, but there are many other ways to become a top-talent destination without breaking the bank. 
 
 
 
 
Today's Top-5 "Hot Skills" at Technology Companies

In today's super-charged job market, technology companies are engaged in a frantic battle to attract and retain people who possess game-changing skills. While a large number of companies still don't believe in paying special premiums for "hot skills", among those that do, the five hot skills listed in this article currently command the largest salary premiums.
 
       
 
 
  
With a shortage of workers possessing specialized clinical and business infrastructure skills, life sciences firms often struggle to attract and retain this evasive talent. When someone possessing these rare "hot skills" is found, companies often find themselves paying a large salary premium to acquire them. We go over the top five skills that fit in this category.
 
 
 
 
 
Life Sciences Firms Increasingly Turn to Retention Bonuses as a Key Rewards Strategy

Our latest quarterly trends survey shows the use of retention bonuses in key global life sciences markets continues to rise over the past five years. Our article explores the reasons behind this trend.
 
       
 
 
  
Retention bonuses are still common at technology companies, but our latest survey shows a decline in use in the US and several other key markets. We explore why.
 
 
 
    
Purchase Your Copy of the 2018 Radford Talent Pulse Survey
   
We recently surveyed 270+ technology and life sciences companies on the biggest trends shaping the future of talent management. To learn how some of today’s best firms approach assessments, culture, development, diversity and inclusion, recognition and more, purchase results today:
   
 

 

Shifting Your Talent Mindset to Create a Winning Culture

Although compensation remains a powerful tool in the total rewards arsenal, money only goes so far when it comes to creating an employee value proposition that keeps talent engaged via a compelling corporate culture. Our new infographic explores some shifts you can make to create a winning culture regardless of your compensation budget.


More Infographics ►

 


Stop by booth #529 to meet Aon and Radford compensation and rewards leaders at this year's WorldatWork Total Rewards Conference. Additionally, we hope to see you at one of the following presentations featuring Aon speakers:

  • "Ditch the Calculator: Using Analytics to Solve Broader Pay Inequities" by Brooke Green and Stefan Gaertner
  • "Increasing the Effectiveness of Variable Pay" by Ken Abosch
  • "Fantastic Performance Awards and Where to Find Them: The Ever-Evolving World of Performance Equity" by Daniel Kapinos and panelists

Date: May 21-23, 2018
Location: Gaylord Texan Resort & Convention Center, Dallas, Texas
Register Now

 

 

Cyber And The C-Suite: Breaking Down Silos To Take On The Hacker

The fact that cyber-attacks now affect every aspect of an organization means that cyber security is no longer simply an IT issue. To combat cyber risk successfully, the organization's exposure must be understood and addressed by the entire C-suite, with board involvement. All departments need to know their roles and responsibilities well before an attack happens.


More Insights from Aon ►

 

About Radford

Radford partners with technology and life sciences companies to reimagine their approach to rewards, empowering them to achieve superior levels of people and business performance. Radford is part of Aon plc (NYSE: AON).
 
For more information, please visit radford.aon.com.
 
 
 

Radford.aon.com