The construction industry is adapting to a variety of stresses and pressures and working to increase resilience and sustainability in a changing climate. Host and Aon’s Chief Commercial Officer of Global Construction and Infrastructure, Tariq Taherbhai, is joined by Aon’s Global Industry Specialty Leader, Construction and Infrastructure, James MacNeal, to discuss today's global construction industry.

• [2:02] A high-level overview of today’s global construction industry
• [4:22] Key renewable energy and energy transition construction projects
• [7:46] Addressing inflation, workforce shortages and geopolitical factors
• [10:55] Diversification of risk capital as an essential component in construction projects
• [14:30] The role of the risk capital market in addressing client needs

Note: This episode was recorded on March 21st. The Baltimore Bridge incident is not included in the discussion.

Additional Resources:

Aon’s website

Aon’s Global Risk Management Survey

Aon’s Global Construction and Infrastructure

Inflation Reduction Act of 2022

Chips and Science Act of 2022

Infrastructure Investment and Jobs Act of 2021

Tweetables:

• “Crucially, [clients] are now asking the question, ‘What else do I need to do in the design construction operation of this asset to make it more resilient in the face of this changing climate?’.” — James MacNeal
• “The failure to attract and retain talent and workforce shortages are featured in the top six concerns of our industry clients.” — James MacNeal
• “It’s really important that construction clients and their brokers increasingly explore other options for risk transfer. You can’t just rely on the traditional construction market anymore.” — James MacNeal

Around the world, governments are introducing regulations to ensure fair payment for every employee. But the transition from basic regulatory compliance to sustainable pay transparency solutions remains a challenge. Host and Aon’s Head of Talent Solutions, North America, Brooke Green, welcomes Aon’s Head of Rewards and Career Advisory, North America, Kelly Voss, for a conversation about advancing pay equity and transparency.

• [2:42] Terms and concepts surrounding pay transparency
• [4:52] Historical events that shaped pay expectations
• [9:37] Transitioning from compliance to a culture of transparency
• [11:12] Three prongs of an effective pay transparency culture
• [14:35] First steps to lasting change

Additional Resources:

Aon’s website

Pay Transparency Consulting

Pay Equity Consulting

Understanding and Preparing for the Rise in Pay Transparency

Five Big Human Resources Trends to Watch in 2024

Webinar: The Five Top HR Trends to Watch for in 2024

Mastering Pay Transparency to Bridge the Gender Wage Divide

Tweetables:

• “This is not about compliance. It’s about the workforce and who our workforce and future is, and it’s about talent.” — Kelly Voss
• “As an organization, decide which of these foundational pieces you’re going to start with because there isn’t one right answer for every organization.” — Kelly Voss
• “If you start to think about this and plan accordingly, we’ll all be in good shape. It’s just a matter of taking that first step.” — Kelly Voss

Resilience and growth are dependent on business leaders taking action to respond to pressing global challenges and opportunities. In this episode, Aon’s Laura Wanlass, partner, Human Capital Solutions, is joined by Leslie Follmer, head of Investor Relations and ESG, for a look at Aon’s 2023 Impact Report.

• [1:40] What ESG means to Aon’s 3x3 Plan
• [3:42] Three key takeaways from this year’s report
• [5:31] Insights into Aon’s Sustainability Network
• [6:24] Examples of environmental sustainability grants

Additional Resources:

Aon’s website

Aon's 2023 Impact Report

Insurance Insider: Aon’s 3x3 plan positions firm to deliver a 'big set of answers' to clients

On Aon Insights: What Does ‘ESG’ Really Mean?

Ep 49: On Aon's ESG Impact with Leslie Follmer

Aon’s 2022 ESG Impact Report

Special Edition: Aon CEO Greg Case on 2024 and Evolving to Serve Clients

Tweetables:

• “When you think about what’s in ESG, those risks match right up against risk capital and human capital.” — Leslie Follmer
• “We really do have core capabilities here to help our clients think about ESG risks in ways that help them make better decisions.” — Leslie Follmer
• “Aon colleagues are joining together with the support of these environmental sustainability grants to drive local impact on environmental causes.” — Leslie Follmer