All Industries 2015 Total Rewards Surveys India

Transcription

1 Towers Watson Data Services All Industries 2015 Total Rewards Surveys India Data, Analytics, Insights and Experience from a Market Leader 7 Industries 448,894 Incumbents 310 Participants Industry Surveys Business Process Outsourcing Consumer Goods & Durables Engineering/Manufacturing Financial Services High Tech Media Pharmaceutical

2 Global Reach, Local Market Expertise For more than 60 years Towers Watson Data Services has been a leading provider of compensation, HR policies and benefits design practices information to the global employer community. Covering over 110 countries, our reports and analyses contain compensation and practices information on millions of employees in organizations ranging from emerging growth companies to many of the world s largest conglomerates. Research Driven Significant investments in technical resources and tracking market practices Why Towers Watson Data Services? Value Added Services Global, regional and local account management Job-matching assistance Complimentary forums that provide updates on the latest thinking in HR and networking opportunities Cutting edge market trend reports Problem Solving Auditing your reward packages Expert advice on managing pay elements at a global or local level Market pricing/ pay assessment Insightful Reporting More than 10 million incumbents globally Comprehensive and sound compensation, HR policies and benefits design practices reports Consistent approach facilitating analyses across countries and regions Advanced web-based, self-service custom analyses of unique peer groups and industries Quality Assurance Rigorous job matching and data validation processes Sophisticated statistical modeling Global, regional, local country and subject matter expert review Continuous improvement of survey content, materials and tools, based on client and associate feedback Comprehensive Offerings Consistent Methodology 1. Survey reports and publications 2. Self-service custom analyses 3. Pulse surveys 4. Bespoke custom surveys 5. Data Plus consulting 1. Define your organization 2. Assign job levels 3. Assign job content (Functions and Disciplines)...provide decision-quality data and interpretation reflecting unique local governance and cultural practices. 2 twdataservices.com

3 Unique Survey Methodology Robust Results... Global Consistency Our job-matching process is more flexible than traditional methods, and easy to implement, understand and manage. Towers Watson Data Services survey methodology builds on our collective experience in serving clients for more than 60 years. Our approach provides a consistent process for mapping jobs to external market data and integrates Levels and Global Grades. A leveling approach: Towers Watson Data Services integrated leveling approach replaces traditional benchmark jobs with Levels, Global Grades and Functions/Disciplines. The Level design is underpinned by Global Grades and provides a simple solution for the following: Creating linkages between the market, how people are paid and how they progress within an organization Improving the matching process for diverse and unique jobs Capturing more data per level and Function Consistently viewing market data across Functions and countries Global Grades: The underpinning for the overall leveling methodology. Global Grades are the underpinning for all jobs. They measure the relative internal values of jobs in an organization and align to quantifiable differences in market pay. In the context of survey job-matching, Global Grades validate job matches and ensure consistent results across geographic areas and lines of business. We maintain over 4,000 combinations of Levels, Global Grades and Disciplines, drawing on data for more than 50 Functions/job families at various Levels from over 17,000 participants across more than 115 countries. Align your internal structure to the survey Levels and Global Grades, Functions (job families) and Disciplines. Integrated leveling methodology aligns Levels and Global Grades Global Grade 1 25 Supervisory/Management (5 Levels) Executive/Senior Management (11 Global Grades) Professional (6 Levels) Technical Support (4 Levels) Business Support (4 Levels) Production/Manual Labor (4 Levels) Customer/Client Management and Sales (6 Levels) Align your internal structure to the survey Levels and Global Grades Your Internal Structure Match your organization s jobs to Functions and Disciplines. Sample Functions Accounting Human Resources Sample Disciplines (Areas of specialization within each Function) Accounts Payable/Receivable Payroll Bookkeeping/Account Maintenance Human Resources (Generalist) Compensation and Benefits Organizational Development General Industry 3

4 Compensate. Reward. Engage. Compete. Grow. Fierce competition for talent and limited salary budgets are making it more challenging than ever for you to create a compensation plan that will attract and retain skilled employees. relative to your competitors or pay levels across countries, designing company car plans, calculating statutory employer costs or for those starting HR operations in a new market, or leveling roles for benchmarking. Covering more than 115 countries and all industry sectors, our portfolio of survey reports can help you build competitive compensation plans that align your organization s goals and objectives, whether it s comparing your company s position Compensation Survey Report General Industry Compensation Survey Report Germany CSD000 Direct Sales Generalist/Multidiscipline CSD000-S3-11 Sample Data Years in Service Total Incumbents Supervised Annual Revenues (millions) Pay Data Companies: 75 Incumbents: th 25th Median 75th 90th th 25th Median 75th 90th Base Salary Total Fixed Cash Allowances (excluding Car) Total Guaranteed Compensation Target Total Variable Pay Target Total Variable Pay % of Base Target Total Compensation % % % % % Actual Total Variable Pay Actual Total Variable Pay % of Base Actual Total Compensation % % % % % th 25th Median 75th 90th Valued Benefits Car List Price Car/Cash Allowance Benefits Design Practices Prevalence for six broad employee categories, retirement and savings, death, accident and disability benefits. Medical, dental and vision benefits, wellness benefits (e.g. medical check up, employee assistance plans). Paid time off, meal benefits, flexible benefits. General Industry Executive Compensation Survey Report France Covers jobs from regional/group executives to junior clerical and operational levels. Methodology Bands/Levels and Global Grades grouped by job Functions and Disciplines (areas of specialization). Compensation Employee location, geographic responsibility. Base pay, guaranteed bonus, allowances, variable pay, long-term incentives, value of benefits. HR Policies and Practices Salary review practices, sales force policies, starting salaries. Company cars. Guaranteed payments, cash allowances and perquisites. Education and training, working hours, business travel and relocation. Attraction, retention and termination, lengths of service awards. General Industry Executive Compensation Survey Report Covers regional/group executive levels Methodology Benchmark jobs and scope measures Compensation Annual base salary Actual, target and maximum bonus Long-term incentive eligibility and values Total cash and total direct compensation Company car data Global Grade Reporting level Board membership Geographical responsibility Annual revenues and number of employees Significant discounts apply on the General Industry Executive Compensation Survey Report when purchased together with the General Industry Compensation Survey Report. 4 twdataservices.com

5 Flexible and Insightful Reports and Analyses Delivered Online CompSource CompSource is a fully loaded data resource that will enable you to create customized, meaningful and presentation-ready reports that support your compensation planning objectives. Flexible and insightful reports and analyses delivered online wherever you do business View, download and print presentation ready reports * Preview your results Export data in a variety of formats * Combine jobs to mirror your internal job classifications * Design your unique group of peer companies by name or company characteristic such as industry sector or geographic location * Apply a best match algorithm of your data to the closest market equivalent Compensation Employee Id Level P4 P5 P4 P4 P5 U1 P4 P5 P1 Survey Job Match Level Global Name Grade Full Job Code Intermediate 10 AFT AMK ACA Intermediate 10 AMK Specialist 14 AFT000-P AFT Intermediate 10 AFA Top Executive 15 ASC--15 Top Executive 16 AFA--16 Top Executive 16 ALG--16 Top Executive 16 AHR Top Executive 16 ALG--16 Top Executive 16 AFT--16 Master 15 AFU000-P AFU Specialist 13 AHR010-P4-13 Specialist 13 ALG000-P4-13 Intermediate 10 AID Intermediate 10 AFU Intermediate 10 AFT Intermediate 10 AMK Master 15 AFT050-P5-15 Intermediate 10 AHR AFT ACA--11 Entry 05 AAS040-U1-05 Specialist 13 ASC-P AFT AFT ALG Master 15 AMK000-P ACD--12 Entry 09 AMK-P AMK Base Salary Your Data Market Data Value 10th 25th 50th 75th 90th 10th 25th Median 75th 90th ,1% 21,4% 11,5% 1,6% -8,2% ,4% 11,5% -2,8% -17,6% -26,9% ,1% 4,2% -0,5% ,7% 3,7% -13,2% -18,7% -23,3% ,1% 26,9% 2,6% ,4% 4,0% -9,4% -27,4% -34,5% ,2% 22,3% 9,1% -2,1% -13,4% ,3% 18,5% 0,0% ,0% 22,5% -1,3% -22,3% -24,2% ,1% 72,5% 33,1% 16,5% -1,6% ,6% 21,7% 10,3% -4,2% -12,6% ,8% 82,0% 40,4% 22,9% 3,8% ,2% -23,5% -33,6% -43,0% -49,3% ,8% 59,8% 30,4% 12,8% 3,1% ,4% 43,0% 19,6% 2,1% -7,1% ,9% ,7% 85,5% 54,0% 34,0% 25,5% ,6% 19,4% 4,6% -5,3% -16,9% ,2% 55,5% 37,6% 26,5% 21,6% ,7% -12,7% -20,3% ,8% 23,6% 3,5% -3,1% -8,6% ,3% -9,6% -16,5% ,5% 1,0% -9,8% -20,1% -28,9% ,1% 36,2% 18,6% -5,0% -14,3% ,8% 57,6% 33,1% 18,2% -4,0% ,8% 24,4% 7,9% 7,6% -24,4% ,1% 28,0% 10,5% -4,8% -11,8% ,9% 0,0% -12,9% -30,2% -37,1% ,4% -16,7% -24,9% -31,1% -41,5% ,7% -2,1% 10,8% -18,5% -23,4% ,7% 106,7% 74,2% 43,3% 23,8% ,5% 59,1% 12,7% ,3% 1,5% -9,7% -20,2% -25,0% ,1% Customize currencies, data elements and percentiles * Copy your customized peer groups, computational parameters and combinations across countries and years And much more *Advanced features, data submission is required. HR Policies and Practices Benefits Design Practices TRAINING/PROFESSIONAL DEVELOPMENT Training/professional development policy % reporting Policy for training/professional development or continuing education 86.7 Type of policy: Formally established 62.1 Discretionary (on a case by case basis) 27.7 Combination TOTAL of both BUDGETED SALARY INCREASES (INCLUDING 10.3 zero values) Coverage of costs All types increase N o of N o of Companies responding: 234 Companies 10th 25th 75th % 90th responding Percentile Percentile Median Percentile reporting Percentile Average All costs covered, including payment GM for missed working 207time All costs covered, excluding payment for missed working 230time No costs covered and no payment MM for missed working 244 time PR Contribution to development/education TB activities MW N o of Companies 183 responding: % 5.0% reporting % contributing 78.3 Contribution covers MBA/University Education 4.0% 69.2 Professional qualification (ACCA, CPA, CFA, or CIMA) 74.5 Other type of education th Percentile 3.0% 75th Percentile United Kingdom Summary Prevalence DC Retirement Plan 91% DB Retirement Plan 30% Private Medical Insurance 100% Dental 51% Optical 61% Medical check-up 60% Employee Assistance Plan 85% Wellness Program 69% Group Life 85% AD&D 37% Critical Illness 22% Disability 75% Business Travel Accident % Company Car/Transportation 81% Loan Program 30% Childcare 75% Meal benefits 63% Tuition 82% Flexible Benefits 49% Number of companies Total participants Prevalence of benefits 20% 40% 60% 0% 80% 100% DC Retirement Plan 91% DB Retirement Plan 30% Private Medical Insurance 100% Dental 51% Optical 61% Medical check-up 60% Employee Assistance Plan 85% Wellness Program 69% Group Life 85% AD&D 37% Critical Illness 22% Disability 75% Business Travel Accident % Company Car/Transportation 81% Loan Program 30% Childcare 75% Meal benefits 63% Tuition 82% Flexible Benefits 49% 2.0% 1.0% Median 25th Percentile 10th Percentile 0.0% GM MM PR TB MW Data displayed is for illustrative purposes only. Report formats and pay elements may vary by survey and country to reflect unique local practices. General Industry 5

6 Research and Publications hrresource.towerswatson.com Towers Watson produces extensive research and publications on remuneration planning as well as benefits and employment practices, which help employers to effectively manage their employees in diverse markets across the globe. The reports listed below are available on a non-participant basis. Global 50 Remuneration Planning Report Economic, labor law and rewards summaries Compensation trends and pay increases Snapshots of employee benefits and perquisites plans Salary structures base salary, variable pay and benefits value by Global Grade Regional and country comparisons of net and gross salaries Sample Country Global Salary Structure Belgium Company Car Benefits Survey Report Eligibility for company car, cash allowance and car loan Purchase/Leasing/renting amounts Benchmark car make and model Running costs Cash allowance provision Car loan provision Tax treatments Reports available: Asia Pacific, EMEA, Latin America and all 3 regions Company Car Benefits United Kingdom CSD000 M3-14 Companies: 133 Incumbents: 665 Valued Benefits #Cos #Cases 10th Avg 25th Median 75th 90th Annual Car/Cash Allowance Amount (including fuel) Annual Car/Cash Allowance Amount (excluding fuel) Full Purchase Value (incl. VAT and Typical Local Taxes) Monthly Leasing Value (excl. VAT & fuel) Monthly Rental Charge (excl. VAT & fuel) including maintenance Monthly Rental Charge (excl. VAT & fuel) - excluding maintenance Car Benefits - Cost to the Company Eligibility Prevalence Data Car Prevalence - Car Benefit Type Car Prevalence - Top 3 Make/Model Car Eligibility Criteria (% reporting) 32.3% Car Allowance BMW % Job need/requirement 26.5% Car BMW 320d 51.2% Job Status 31.5% Car or Allowance BMW 520d Touring 9.7% No Benefit Benefits Profile and Employment Terms and Conditions The reports provide up-to-date insights into local mandatory employee benefits (retirement, death/disability benefits and healthcare) and employment law, as well as market practice in over 60 countries Reports available: Asia Pacific, EMEA, Latin America, North America and Global Salary Budget Planning Report Budget salary increases by employee level Budget salary increases by industry Salary review policies Budget allocation Reports available: Asia Pacific, EMEA, Latin America, North America and Global HR Trends Report Asia Pacific Economic key data and salary increase Region and country economic outlook HR ad hoc issues and market actions Covering 15 countries in Asia Pacific Reports available: Asia Pacific New in 2015! Geographic Salary Differential Report Access geographic salary differentials within a country by employee level around the world. Reports available: Asia Pacific, EMEA, Latin America, North America and Global Starting Salaries Report Maintain competitiveness and cost effectiveness of starting salaries. Data is presented by function and by industry. Reports available: Asia Pacific, EMEA, Latin America, North America and Global For more information or to order the reports, please visit our website at hrresource.com, or contact us at dsap.marketing@towerswatson.com 6 twdataservices.com

7 Towers Watson Data Services in India Over 20 professional consultants in India contribute to our clients success through their unique capabilities and deep expertise, gained through Towers Watson Data Services 10+ years of local market experience. Our comprehensive total rewards database, one of the largest in the India market, reflects the practices of over 310 participating local and multinational companies. The following industry surveys and services are available: Industry Surveys Business Process Outsourcing Consumer Goods & Durables Engineering/Manufacturing Financial Services High Tech Media Pharmaceutical Also available: General Industry Executive Compensation Survey Surveys Offered in Asia Pacific Additional Services Access to local country and sector experts Individual or group job matching assistance Local, regional or global account management HR Trends report on current reward topics and pay movements Forum which provides updates on the latest HR issues and networking opportunities Custom surveys and compensation consulting In Asia Pacific, Towers Watson provides timely and comprehensive data from over 20 countries/locations, including: Australia, Bangladesh New, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Laos New, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka New, Taiwan, Thailand and Vietnam. Industry Australia Bangladesh Brunei Cambodia China Hong Kong India Indonesia General Industry General Industry Executive Aviation Business Process Outsourcing Chemical Construction & Engineering Consumer Products Education Energy and Natural Resources Engineering Financial Services Banking Financial Leasing Asset Management Futures, Trust Insurance Private Equity Securities High Tech Hotels, Resorts & Gaming Manufacturing Media Pharmaceutical & Health Sciences Plantation Real Estate Retail Trading Transportation/Logistics Japan Korea Laos Malaysia Myanmar New Zealand Pakistan Philippines Singapore Sri Lanka Taiwan Thailand Vietnam Asia Pacific General Industry 7

8 India 2nd Floor, Tower B, Unitech Business Park, South City-1, Sector 41 Gurgaon , Haryana, India Contact: Raghav Datta Phone: Asia Pacific Singapore Phone: Europe, Middle East and Africa Brussels Phone: London dataservices@towerswatson.com Phone: /512 Solitaire Corporate Park Bldg. No 5, 1st Floor Andheri Kurla Road, Andheri (E) Mumbai, Maharashtra , India Contact: Kavita Mahant Phone: kavita.mahant@towerswatson.com Latin America Miami twladata@towerswatson.com Phone: (toll free) (outside the U.S.) North America Canada twcadata@towerswatson.com Phone: (toll free) United States (outside Canada) twusdata@towerswatson.com Phone: (toll free) Phone: (outside the U.S. and Canada) Towers Watson Data Services Towers Watson Data Services is a leading provider information to the global employer community. Our databases are recognized worldwide as the most reliable source of current data for compensation planning. About Towers Watson Towers Watson is a leading global professional services company that helps organizations improve performance With more than 15,000 associates around the world, we offer consulting, technology and solutions in the areas capital management. Copyright 2015 Towers Watson. All rights reserved. towerswatson.com