Professional Services

Transcription

1 Aon Hewitt Talent, Rewards & Performance Professional Services Remuneration Report Information pack 2016 Risk. Reinsurance. Human Resources.

2 145 positions from Data in this report covers 25 organisations Professional Services Remuneration Report 2016 This remuneration report provides professional consulting organisations with market remuneration information across a number of specialisation areas, including audit, human capital, IT/technology, legal, strategy/operations, sustainability, and tax. Aon Hewitt is calling for subscriptions to join the leading remuneration report for organisations in the professional services industry Comprehensive remuneration and benefit tables are published for 145 positions with results based on the salaries and benefits information of 14,200 employees from 25 organisations. Participants in the March 2016 remuneration report included: Accenture Australia Ltd Corrs Support Services Deloitte KPMG Australia Pricewaterhouse Coopers Services Pty Ltd SMS Management & Technology SparkeHelmore Lawyers Telstra Corporation Ltd WSP Parsons Brinckerhoff This report is produced on a bi-annual basis in March and September each year. 2

3 Why participate in an Aon Hewitt remuneration report? As an Aon Hewitt remuneration report participant you have access to the very latest market data to ensure informed salary decisions within your organisation. Along with Aon Hewitt s high level of client service, your remuneration report subscription includes: Online remuneration data through Data Centre that can be filtered according to your needs. With enhanced data visualisation, individual report dashboards and real-time polling and updates, Aon Hewitt s Data Centre is at the forefront of online remuneration analytics. Comprehensive coverage with data on all major elements of the remuneration package; salary, benefits and both short and long-term incentives. Historical coverage of actual salary movements, as well as forecasts for the coming year. Online access to remuneration reports from the past five years. Career level data that provides separate remuneration tables for each job family, which can be used to enhance job matching, or as an alternative source of data for non-standard positions. Staying informed of market movements is critical to ensure your reward strategies are meeting your business needs whilst minimising costs. The money spent on a remuneration report subscription can be made back many times over in savings through optimising total reward spend and retaining key talent. Attendance at remuneration forums, complimentary events that provide a chance to discuss and critically evaluate data findings and market trends and network with industry peers. Easy access to relevant economic indicators via Data Centre. Invitation to participate in the annual Policy and Practice Report that provides access to quantitative and qualitative information which supports the review and design of total reward programs. From year to year we see many variations in the way organisations reward their employees. Some positions begin attracting a significantly higher rate of pay whilst others drop, as supply and demand for various skill-sets shift and change. As circumstances change organisations adjust their reward packages to get the most out of limited salary budgets. 3

4 Job families surveyed Job family: Senior Executive Job family: Management Consulting Job family: Legal Job family: Audit Job family: Actuarial Job family: Legal Assistance Job family: Sales Management Commercial Sales Digital Channel Sales Account Management Job family: Marketing Generalist Analytics Customer Experience Communications Public Relations Sponsorship Digital / Online Other Job family: Business Development Job family: Finance Management Accounting Treasury Financial Accounting Taxation Accounting Management Accounting Internal Audit Accounts Credit Payroll Facilities and Property Other Corporate Social Responsibility / Sustainability Job family: Administration Secretarial Administration Job family: Human Resources Generalist HRIS & Reporting Remuneration & Benefits Learning & Development Recruitment Occupational Health & Safety Leadership and OD Change Management Industrial / Employee Relations Global Mobility Associate Level Job family: Information Technology Management Systems Analysis Programmers Test Analysis Systems Programming IT Services Computer Operations Business Analysis Software Engineering Job family: Library / Record & Knowledge Management Job family: Hospitality Commercial For detailed descriptions of all positions surveyed, and participating organisations please visit our website: (aonhewitt.com.au/home/resources/reports-and-research/australian-professional-services-rem-report) 4

5 Single Data Capture Submit your data once per year, at a time that suits you. At Aon Hewitt, we know submitting remuneration data takes time, especially if you participate in multiple remuneration reports. So to make things easier, we utilise a single data capture document regardless of the survey you subscribe to. We also allow you to elect the time of year to complete your submission*. One data submission per year saving you time Flexible data submission dates select the timeframe that suits you Position matching matrices to make job matching easier. * As most Aon Hewitt reports are participant only, data submission may be required pre-survey release to begin your first subscription. Data submission The provision on your organisation s remuneration data is a condition of participation in Aon Hewitt remuneration reports. This ensures the veracity of the data provided in the remuneration report. Our customised data input software Rapid Rem makes submitting remuneration data a simple process. Aon Hewitt also provides participants the support of a dedicated remuneration analyst, who can assist with submitting your data and interpreting the report results. 5

6 Sample position description Position title Consultant Position code Aon.PRO Career level 3 Responsible for Providing an externally-facing service to clients in the development of industry specific strategic business solutions aligned to projects and consulting assignments Reports to Professional Services Manager, Senior Manager/Manager or Partners Supervises Provides guidance to less experienced Consultants/Analysts Main activities Providing evaluations of customer s business needs comprising differing product options Liaising with customers on basic consulting and conducting of preliminary investigation and transaction analysis of project reviews Management of specific small defined work assignments/projects often involving immediate action or short term planning of human and other resources Designing and developing high quality business solutions and other projects Evaluating customer s business needs with input to strategic planning of business processes and directions Assisting with the preparation of sales proposals Identification of potential follow-on business opportunities Key skills Specialist level competence/knowledge in industry and/or strategy experience A strong understanding of industry dynamics, value creation opportunities, and use of strategic processes for competitive advantage Fully competent in one or more related areas with strong analytical skills At least one area of expertise, with the ability to contribute in a number of areas outside of specialty Understanding business/organisation/marketing context of business solutions Proven leadership ability Strong interpersonal and communication skills Internal contacts Industry and Product Marketing Managers, Project Managers, Strategic Consulting Specialists, Product Specialists External contacts Customers, industry specialist consultants and peripheral suppliers Typical experience At least 3-6 years work experience in relevant specialised business areas and/or consulting, with proven experience in superior problem identification, structuring, and analysis. B.A. or B.S. degree in Finance or Economics (or equivalent) Other comments Alternative Title: Consultant - Strategic Business, Technical, IT, Human Capital (Change Management), Tax, Audit, Corporate Recovery, Sustainability and Climate Change 6

7 Remuneration data Position title Consultant Position code Aon.PRO No. of incumbents 1,361 Career level 3 No. of organisations 11 Percentiles Remuneration Component % Rec Average % of FR 25th 50th 75th Taxable Base Salary (TBS)* 100% 70,562 90% 57,534 68,493 79,360 Nominal Base Salary (NBS) 100% 70,573 90% 57,534 68,493 79,360 Company superannuation 100% 6,704 9% 5,465 6,506 7,539 Annual leave loading 0% Car allowance Company car/novated lease Health insurance 21% Other benefits /other cash 24% 3,208 4% 3,075 3,339 3,681 Total Benefits 100% 7,608 10% 5,552 6,767 9,847 Fixed Remuneration (FR) 100% 78, % 64,000 75,029 89,000 Target incentive 22% 6,751 9% 6,216 6,568 7,232 Target commission Target Short-term Incentive 22% 6,751 9% 6,216 6,568 7,232 Target Annual Remuneration (TAR) 100% 79, % 64,000 75,990 92,164 Long-term incentive Target Total Remuneration (TTR) 100% 79, % 64,000 75,990 92,164 Additional Payments Overtime 21% On-call/standby allowance 0% Shift allowance SAMPLE DATA ONLY Total Employment Cost 100% 81, % 64,000 76,500 97,009 Actual Remuneration for comparison Actual incentive 23% 5,508 7% 3,485 4,850 7,453 Actual commission 0% Actual ad-hoc bonus 3% 1,837 2% 915 1,000 2,288 Actual Short-Term Incentive 26% 5,252 7% 3,000 4,520 7,340 Actual Annual Remuneration (AAR) 100% 79, % 64,000 76,000 91,680 Please refer to Data Centre for statistics on the following: No. of subset No. of Inc s No. of Org s Human Capital 72 6 IT/Technology Strategy Operations 61 3 Tax Audit Corporate Recovery/Insolvency 27 3 Sustainability 18 3 Risk 50 2 Analytics 7 1 State No. of Inc s No. of Org s New South Wales Victoria Queensland Western Australia South Australia 45 5 Australian Capital Territory 78 7 Tasmania 9 1 Northern Territory 5 1

8 About Aon Hewitt s Reward practice Aon Hewitt provides expert advice and innovative solutions to assist organisations with all areas of remuneration management. With a reputation for excellence and integrity, we are the primary source of remuneration information and advice for entire industries, as well as individual organisations of all sizes. Our clients Over eight hundred organisations throughout Australasia and across various industry sectors use Aon Hewitt s products and services, ranging from small to large local firms through to the largest multinationals. Our people Aon Hewitt is a team of knowledgeable, experienced, passionate, creative and energetic people who thrive on exceeding client expectations, providing expert advice to organisations, and leading the market in the design and development of innovative remuneration solutions, products, training and technology. 8

9 Our technology The Aon Hewitt Data Centre is an innovative, intuitive platform allowing you to access exactly the data you need quickly and easily, on your PC or mobile device. Data Centre provides remuneration report data visualisation, individual dashboards, position description matrix views and real-time polling and updates. In addition, functionality includes: Advanced filtering: enables you to filter data by multiple options including organisation size (headcount/turnover), industry and/or geography. Peer cut: enables you to filter data by a select group of report participants to ensure alignment in a competitive talent market. Compa-ratio reports: enables you to review how your employees compare to market data. We pride ourselves on outstanding customer service and our ability to tailor solutions that are aligned to your remuneration needs and contribute to the success of your business. Age data: enables you to age the data to ensure you are future proofing projected remuneration movement in the near future. Create custom position(s): enables you to combine multiple roles where there is no current market data for hybrid/mixed positions. 9

10 Our services Remuneration consulting services Remuneration and benefits strategy design Remuneration structures/systems Policy development and review Job analysis Position description writing Remuneration benchmarking Customised market surveys Job pricing Performance pay plan design and review Salary budget planning and reviewing the remuneration environment Salary review assistance Remuneration outsourcing Employee opinion surveys Survey services Industry-specific and general industry salaries and benefits surveys Customised salary surveys tailored to individual organisations needs HR benchmarking and remuneration policy and practice survey reports Access to international market data Survey forums Training services Public training seminars ranging from a basic introduction to remuneration through to advanced remuneration theory and practice topics Customised in-house remuneration training, designed to meet specific organisational requirements and conducted on client premises Access to comprehensive HR reference manuals Remuneration mentoring Executive remuneration services Executive benchmarking Long and short term incentive design Providing remuneration advice and recommendations to Boards of Directors For further information regarding the Professional Services Remuneration Report, or to participate, please contact: Yong Gim t e yong.gim@aonhewitt.com

11 Contacts For further information regarding this remuneration report, please contact Yong Gim directly: t e yong.gim@aonhewitt.com Sydney Level 33, Aon Tower 201 Kent Street Sydney NSW 2000 t f Melbourne Level 51, 80 Collins Street Melbourne Vic 3000 t f Brisbane Level 2, 175 Eagle Street Brisbane Qld 4000 t f Perth Level 7, 28 The Esplanade Perth WA 6000 t f About Aon Hewitt Part of Aon plc, Aon Hewitt is the global leader in human resource consulting and outsourcing solutions. Our services focus on helping organisations mitigate risk in their workforce and realise the untapped potential of their employees. We also help individuals maximise their wealth to enable people to live the life they want. In Australia, our team of experts partner with your organisation to develop and deliver people strategies that achieve positive business outcomes in the areas of: superannuation and retirement; financial advice; workers compensation; work, health and safety; workforce risk solutions; employee benefits; talent, leadership and employee engagement; remuneration and incentives; total rewards; actuarial services; and mergers and acquisitions. With more than 30,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. Aon Hewitt is the global talent, retirement and health solutions business of Aon plc. For more information on Aon Hewitt, please visit aonhewitt.com.au.

12 About Aon Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit aon.mediaroom.com Aon Hewitt Limited Terms and conditions Please note: Aon Hewitt is still trading as Hewitt Associates in Australia. Hewitt Associates reports of salary and benefits are produced and issued under the following conditions. Confidential and copyright Hewitt Associates Remuneration Reports are confidential and copyright. Contributors may only use the reports within their own organisations and are not to convey the contents to any third parties. Contributors may not photocopy or reproduce by any other method, the contents of the reports extra copies may be purchased at nominal extra copy cost rates. Hewitt Associates Remuneration Reports are contributor only reports. Contributors are required to supply accurate salaries and benefits data by the due dates which are outlined in our annual planners. Disclaimer/limitation of liability This Remuneration Report is designed to provide a summary of pay rates as at the date of publication. The report does not purport to be conclusive or to provide specific guidelines. No responsibility can be accepted by Hewitt Associates for loss occasioned to any person acting or refraining from acting as a result of any statement in this publication. This Remuneration Report has been produced using contributors data that, to the best of Hewitt Associates knowledge, was current and correct at the time of publication. Whilst considerable lengths have been taken to verify all contributors data, Hewitt Associates gives no guarantee as to the accuracy or validity of the information contained herein, nor its applicability to any specific circumstances. The Remuneration Report is intended as a guide only and Hewitt Associates will not be liable to any person for any claim or loss as a result of any actual or perceived inaccuracy contained in the report. Hewitt Associates privacy policy Hewitt Associates has had a long standing commitment to respecting the privacy of the information entrusted to it by clients and others. This commitment has ensured the ongoing success of our business and our clients ongoing support of our products and services. Our formal Privacy Policy document explains Hewitt Associates commitment to comply with the Privacy Act 1988 (Cth) and how we collect, use, disclose and protect the information we collect from our clients. To view this policy document, please go to our website aonhewitt.com.au for further information. A0283_1126S C aonhewitt.com.au Risk. Reinsurance. Human Resources.