emea reward trends in 2012 / 2013 - aon hewitt
Post on 19-May-2015
1.004 Views
Preview:
DESCRIPTION
TRANSCRIPT
Copyright © 2012 Aon Hewitt Limited. All rights reserved.Aon Hewitt Limited, 8 Devonshire Square London EC2M 4PL Registered in England No. 4396810
EMEA Reward Trends webinarSalary increases and reward practices in EMEA
Aon Hewitt | September 2012
2
Aon Hewitt speakers
Vincent Cornet Director EMEA Reward Consulting | Paris
François AugerSenior Reward Consultant | Paris
Martin McGuiganSenior Reward Consultant | Dubai
Jackie WallerSenior Reward Consultant | London
Gregor Lötsch Senior Reward Consultant | Vienna
3
Salary increase budgets & economic context
4
Aon Hewitt Global Salary Planning Report
14,165 data submissions across 117 countries
Data collected:
• Overall salary increase budgets
• Mandatory increase budgets
• Merit increase budgets
• General increase budgets
• Special adjustments, miscellaneous budgets, promotional budgets and salary structure movement
• Current trends & hot topics
Click on the image for more information.
5
Key observations and challenges for 2013
Observations:• Very few salary freezes
• Relative stability: all European countries above 2.8 %
• Rise in merit increases
• Companies are competing for talent versus governments facing debts
• Competitive context for key resources in all markets
• Salary increases somewhat driven by industry sector context
Challenges:• Linking salary increase with performance
• Communicating more effectively
• Demonstrating the value of the whole package Click on the image for more information.
6
Trends in reward practices
7
Reward strategy priorities
Priority
Rewarding & motivating high performers 1
Linking pay / incentives to performance 2
Retaining key staff 3
Getting the most from Total Reward 4
Staff engagement / morale 5
Source: Aon Hewitt Reward Fundamentals Study, November 2011
Click on the image for more information.
8
Aon Hewitt Total Compensation Measurement™
• 180 countries, 680 job positions, 9 million employees
• Globally consistent methodology and delivery in all countries
• Executive, management, professional and sales roles
• Unique dual-matching methodology
• Data reported by position, level, or both
• TotalCompensationCenter.com our online tool allows you to benchmark your company data using the comparator group of your choice
• Data for base salary, fixed payments and allowances, target and actual bonuses, and long- term incentives
Click on the image for more information.
9
A successful salary review process
10
Execution of reward programmes is critical
In most companies, the basics are already in place:
• A compensation philosophy• Processes, tools and procedures • Reliable data• Competent teams
However, reward strategy falls down due to execution:
• Lack of articulation between existing systems• Lack of effective communication • Lack of credibility for reward programmes • Lack of governance, leadership and/or “courage”
Click on the image for more information.
11
Aon Hewitt Total Reward consulting
• Total reward strategy & design
• Total reward communication, including Total Reward Statements
• Broad-based pay analysis
• Job evaluation
• Salary structure development
• Performance management design, implementation & upskilling
• Incentive & Recognition plan design
• Salesforce effectiveness
• HR policies & processes
• Reward data services, including surveys and bespoke benchmarking
• Executive compensation analysis & consulting
12
Aon Hewitt global footprint
13
More information
Aon Hewitt worldwide
Reward Data Services
Total Compensation Measurement™
Sales Incentive Survey
RemCentral, Salary Management Tool
Please click on the images below for more information:
Join us on:
@AonHewittUK
http://linkd.in/HUN04I
14
Copyright © 2012 Aon Hewitt Limited. All rights reserved.Aon Hewitt Limited, 8 Devonshire Square London EC2M 4PL Registered in England & Wales No. 4396810
To protect the confidential and proprietary information included in this material, it may not be disclosed or provided to any third parties without the prior written consent of Aon Hewitt Limited.
Aon Hewitt Limited does not accept or assume any responsibility for any consequences arising from any person, other than the intended recipient, using or relying on this material.
Authorised and regulated by the Financial Services Authority.
top related