Aon Financial News

Subscribe to enjoy similar stories. India Inc. is expected to roll out an average increment of 8.5-9.5% in the upcoming appraisal cycle, as companies calculate the impact of the new labour code and almost-stagnant inflation.

salary hikes.The changing balance of power is visible in attrition data. According to a Mercer study, voluntary attrition across India Inc stood at 13.1% in 2023 and fell to 11.7% in 2024.

Bharat Dynamics Ltd (BDL), Bharat Electronics Ltd (BEL), and Astra Microwave Products could advance as much as 31%, ICICI Securities said, reiterating its ‘buy’ ratings on the stocks after the Defence Acquisition Council (DAC) cleared capital acquisition proposals worth Rs 54,000 crore. The brokerage said BDL is likely to benefit directly from the procurement of Varunastra Torpedoes, while BEL and Astra Microwave stand to gain from the Airborne Early Warning & Control (AEW&C) Aircraft Systems order that will boost India’s radar ecosystem.

comeback programmes — designed to help professionals, primarily women, re-enter the workforce after a career break — are paying off for companies, but there's still a long way to go, say experts. Companies that have adopted returnship programmes are seeing the benefits: access to a bigger pool of talent, improved diversity and low attrition rates among the returnees. Alumni of these programmes often become the organisation's strongest advocates, frequently referring friends, former colleagues and other professionals. «Returnships are likely to become a standard part of talent acquisition strategies as companies realise their strategic value in addressing skill shortages and promoting diversity,» said Shilpa Khanna, people advisory leader, India, at professional services firm Aon. «The vision is for all talent that is interested to work have a fair and objective chance of returning to the workforce, get relevant support to be successful and not be discriminated against for stepping away from their careers,» Khanna said.

Subscribe to enjoy similar stories. Top performers are likely to be handsomely rewarded—in some cases getting raises double that of their peers—in an appraisal season that will see overall increment lower than last year’s, according to a report by consulting firm Aon. “Top performers in IT product firms are expected to get a 1.9x hike versus 1.73x that differentiated him/her from his/her peers in 2024," said Roopank Chaudhary, partner for human capital solutions at Aon, adding that key talent in consumer and life sciences will get 1.76x and 1.67x raise, respectively.

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts

The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters

Subscribe to enjoy similar stories. The Los Angeles wildfires are set to be the costliest blaze in U.S. history, analysts said Thursday, as the first initial estimates of damage from the infernos soared with their unchecked spread.

Subscribe to enjoy similar stories. The Maha Kumbh Mela being held after 144 years is expected to attract not just 40-45 million pilgrims to the most populous district in India’s most populous state but also an army of digital fraudsters. Scamsters have already made victims out of several devotees using basic tech such as fake websites purportedly offering accommodation and other Kumbh Mela-related services besides WhatsApp and digital accounts to collect payments.

Elks, who has 22 years of industry experience, held the role of institutional client solutions director at RLAM, prior to which he spent eight years managing global business development and consultant relationships at JO Hambro Capital Management. The hire follows the appointment of Lindsay Nickerson, who joined Nordea AM in January as director of UK institutional relations, having spent a decade at Aon, where she was most recently an associate partner within the group's UK DC practice. Nordea AM to wind down emerging markets debt team At Nordea AM, Nickerson is tasked with strengt...

Subscribe to enjoy similar stories. Companies across industries are rolling out the red carpet for middle and junior management employees in a bid to both retain top performers as well as attract new talent. Long-term incentives, floating stock units and global postings are being liberally handed out at a time when companies cannot afford big hikes and bonuses.

Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but experts in economics, insurance and risk say they are likely to be in the pantheon of super-costly $50 billion disasters

Bradenton, Florida, Police Chief Melanie Bevan discusses the damage caused by Hurricane Milton on Cavuto: Coast to Coast.

Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. «Of the total cost of AoNs, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories,» said the official statement, For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness.

Contrarian Thinking Capital founder Codie Sanchez discusses the impact of inflation on small business owners and consumers on Making Money.

Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday.

Lenox Advisors, an affiliate of NFP and an Aon company, has extended its reach into the Mid-Atlantic wealth space with a sizeable acquisition.

A battle is under way for the future of Ohio’s $94 billion teacher pension fund

an anonymous 14-page memo and other documents containing “disturbing allegations" about the STRS board and was handing them over to authorities. Republican Attorney General Dave Yost launched an investigation the next day into what he called the fund's “susceptibility to a hostile takeover by private interests." He followed up with a lawsuit seeking to unseat two reform-minded board members — Wade Steen and Rudy Fichtenbaum — for backing a plan to turn over $65 billion, or roughly 70% of STRS assets, to a fledgling investment firm called QED. The outfit is co-run by two people, one a former deputy Ohio treasurer, out of a condo in suburban Columbus.