Aon announces United Growth employee-compensation plan
Aon has announced its United Growth Ownership Plan, through which its employees will receive either stock options or cash-settled performance units, the value of which will be determined by the broker’s growth as a company.
It said the plan would grant employees of every level – from apprentices to senior executives – an equal award.
In a note to staff, CEO Greg Case said Aon’s employees “brought to life” the broker’s three values – committed, united and passionate.
“As we ask you to commit to living these values, we are also excited to recognise the role you have played and will play in growing our firm,” he stated.
The move follows news at the end of July that Aon and Willis Towers Watson would terminate their $30bn mega merger in the face of opposition from the US Department of Justice.
Days after the termination, Willis announced a $1bn increase to its share-buyback scheme. The broker said the capital would be used, among other things, to “increase its investment in organic and inorganic growth opportunities” over the coming three years.
Soon thereafter, Aon unveiled its new executive committee, superseding its prior announcement of the group that would have run the combined Aon-Willis, as it continued with rapid moves to put the terminated deal behind it.
The committee is responsible for seeing through the broker’s four-pronged Aon United Blueprint, which aims to “create new sources of value for clients, deliver more effective client service, drive innovation at scale and ensure a unique and sustaining colleague experience”.