McLagan has assumed an increasingly active role in India since 2005. With the merger of Aon Hewitt in 2010, McLagan and Hewitt have joined forces to provide superior quality fact-based advice to financial institutions in India. The McLagan India team is uniquely positioned to advise clients by leveraging the market knowledge that comes from close relationships with international firms and a strong understanding of local market players engaged in the financial services industry.
Building on McLagan’s experience in capital markets and private equity and Hewitt’s long standing expertise in the banking, asset management, NBFC, wealth management and insurance sectors, our seasoned consultants conduct proprietary market studies and provide advisory services to the India market.
Our market studies include the annual compensation surveys and benchmarks, benefit surveys, and customized surveys .
The annual compensation surveys cover the following business areas:
- Banking and Capital Markets
- Corporate and Retail Banking
- Transaction Banking
- Private Banking
- Asset Management
- Private Equity
- Non-banking Financial Institutions
- Life and General Insurance
- Micro Finance Institutions
- Retail Brokerage
We are equally strong in consulting services focused on performance and reward. We partner with both international and local firms in India as advisors to human resource teams, business managers and compensation committees on total rewards. Our consulting capabilities include designing rewards strategy, short and long-term incentives, as well as conducting pay reviews, crafting job evaluations and job descriptions, and performing large integrated total rewards assignments.