We are pleased to announce that beginning in July 2022, we are integrating Aon’s domestic India Compensation Surveys into the Radford Global Compensation Database. The Radford Global Compensation Database is relied upon by the world’s most innovative companies to help make better workforce decisions.
The Radford Platform currently has over 5,000 participating organizations with over 15 million employees and is composed of the following three key components:
- Radford Global Compensation Database – A unified compensation database containing all employees across industries and geographies
- Radford Global Job Architecture & Leveling System – A unified and highly differentiated job leveling system and job library that creates a common language for all clients
- The Radford Network ® - A dynamic and intuitive portal to access compensation insights quickly and efficiently
- A series of Market Practice Studies that offers insight into the “how” of pay policy design, supplementing the “how much” data that is collected by employee.
Our comprehensive job family coverage in our unified database provides more client value, faster across the following areas:
Expanded Coverage
- Globally consistent job architecture
- Increased job specificity, geography, employee coverage
- Expanded industry capabilities
Increased Precision
- Industry leading executive, management, professional, support, and technical/scientific leveling system
- Advanced filtering capabilities including revenue, headcount, industry, and geographic locations
- New locally relevant data elements to deliver a consistent global experience that is grounded in regional practices
Faster Insights
- Easier, dynamic job matching and identification leveraging our proprietary job search algorithms
- On-demand peer group reporting and filtering capabilities
- Enhanced analytical offerings such as Workforce Metrics, Location Analytics, Aging, Regression, and more
By bringing our local India compensation surveys together with our industry leading global database, we are able to provide clients with more differentiated value, including:
- More Data Coverage: We anticipate that by collecting and reporting data in a united manner, it will be easier for clients to provide us with full census submissions for richer data sets
- New Job Module: We have released a new Business Process Outsourcing (BPO) job module that provides updated and enhanced coverage for these unique roles
- New Jobs Added: Over 2,800 new jobs were added across 28 job families for wider coverage
- New Data Elements: We have modified and expanded the data elements collected to ensure local relevance including salary, retirals, gratuity, and new allowances
We have mapped all legacy products to align to the most relevant job in the Radford Global Compensation Database but at a high level the following products have been integrated into the RGCD:
|
Legacy Aon India Survey |
RGCD Job Module |
|
Aon New Hi-Tech Survey – India |
Technology |
|
Aon Life Sciences: CRO Survey – India |
Life Sciences |
|
Aon Life Sciences: MedTech Survey – India |
Life Sciences |
|
Aon Life Sciences: Pharma Survey – India |
Life Sciences |
|
Aon Manufacturing: Cement Survey – India |
Manufacturing |
|
Aon Manufacturing: Chemical Survey – India |
Manufacturing |
|
Aon Manufacturing: Energy Survey - India |
Manufacturing |
|
Aon Manufacturing: Engineering Design Survey - India |
Manufacturing |
|
Aon ITeS / BPO Industry Survey – India |
Business Process Outsourcing |
In order to provide the most amount of value for clients in the integrated offering, we made adjustments in how we collect and report data, as outlined below:
|
Data Element |
2021 Data Elements Collected |
2022 Data Elements Collected |
|
Basic Salary |
Current Annual Basic Salary Plus Annual Other Regular Allowances |
Current Annual Base Salary |
|
Current Annual Basic Salary (Base Salary + DEA - India only) |
||
|
Allowances |
Individual Allowances |
|
|
Annual Retirals |
Current Annual Retirals |
Current Annual Retirals |
|
Data Element |
2021 Data Elements Reported |
2022 Data Elements Reported |
Element Type |
|
Basic Salary |
- |
Current Annual Basic Salary (Base Salary + DEA) |
New Element |
|
Cost to Company: Total Direct Comp + Retirals |
- |
Total Direct Comp + Retirals: Actual & Target |
New Element |
|
Fixed Compensation |
CFY Basic Salary + Total Allowances (includes Car Allowances) |
CFY Base Salary + Individual Allowances (includes Car Allowances) |
Standard Element |
|
Fixed Compensation with Retirals |
CFY Basic Salary + Total Allowances (includes Car Allowances) + Retirals |
CFY Base Salary + Individual Allowances (includes Car Allowances) + Retirals |
Standard Element |
These methodology changes enables complete alignment with the global framework while maintaining the ability to provide the local specificity when necessary.
If you have any questions or need additional assistance to help support this exciting transition please contact your Sales Account Manager or Survey Consultant