Aon is Selling a Chunk of its Talent Business
Aon has just announced that it’s shedding its talent business—well, a chunk of it, anyway. The global professional services firm is selling the culture and engagement and leadership development and advisory parts of its talent practice, along with related products and services, to Spencer Stuart, the executive search and consulting firm.
“Selling [these] businesses provides an opportunity for Spencer Stuart to create greater value for clients, given their focus on talent and leadership,” says Cary Grace, CEO of Aon’s Retirement & Investment Solutions. “In return, Aon has additional opportunities now to further focus its investments on new and enhanced solutions on behalf of its clients.”
Indeed, Aon will still be a significant player in the HR and talent development space. The company plans to intensify its focus on its rewards, assessment and performance offerings, says spokeswoman Nadine Youssef. This will include its rewards advisory, rewards data and benchmarking, equity solutions, salesforce effectiveness, people analytics and organizational effectiveness capabilities, she says.