McDonald Gold & General Mining Industries

Transcription

1 Aon Hewitt Talent, Rewards & Performance McDonald Gold & General Mining Industries Remuneration Report (Australasia) Information pack 2016 Risk. Reinsurance. Human Resources.

2 568 positions from Data in this report covers 83 organisations McDonald Gold & General Mining Industries Remuneration Report 2016 The McDonald Gold & General Mining Industries Remuneration Report was established in 1988, and is one of a suite of McDonald surveys which have been the leading source of remuneration data for the resources industry for more than 25 years. Aon Hewitt is calling for subscriptions to join the leading remuneration report in Australasia, for the gold and general mining industry The McDonald Gold & General Mining Industries Remuneration Report provides Directors, Remuneration Committees, Executive Management and Remuneration Practitioners of participating organisations with accurate and comprehensive data and reliable analyses of remuneration for key personnel in the industry. The report covers the metalliferous and other mining sectors, including gold, iron ore, base metals, PG metals, cobalt/nickel, uranium and salt and is the largest and most comprehensive for this sector in Australia. Comprehensive remuneration and benefit tables are published for 568 key positions with results based on the salaries and benefits information of over 37,646 individual employees from 83 organisations. Participants in the October 2016 remuneration report included: BHP Billiton Iron Ore Fortescue Metals Group Ltd Macmahon Holdings Limited Metals X Limited Newcrest Newmont Asia Pacific Northern Star Resources Limited Rio Tinto Limited South32 This report is produced on a bi-annual basis in April and October each year. 2

3 Why participate in a McDonald remuneration report? As a McDonald remuneration report subscriber you will 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. 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 bi-annual Resources Policy and Practice Report that provides insights into how organisations structure their site remuneration benefits, including accommodation, rosters and uplifts. Invitation to participate in the annual Aon Hewitt 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: Corporate Administration Business Development Commercial Finance & Accounting Human Resources Information Technology Legal Operations Environmental Affairs Health & Safety Sales & Marketing Supply Chain External Relations; Govt/Community Affairs Job family: Exploration Exploration Job family: Operations Business Development Business Improvement Maintenance Mining Operations Mining Technical Services Mining/Geotechnical Operations Management Processing Job family: Operations Support Services Administration Finance & Accounting Human Resources Information Technology Environmental Affairs Health & Safety Supply Chain External Relations; Govt/Community Affairs Job family: PM&C Project Engineering Project Management For detailed descriptions of all positions surveyed, and participating organisations please visit our website: (aonhewitt.com.au/home/resources/reports-and-research/mcdonald-gold-general-mining-rem-report) 4

5 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 Head of Mine Site Position code MCA_00101 Career level 6 Responsible for Providing overall management, direction and coordination of all aspects of site operations Reports to Chief Executive Officer or Head of Operations (Corporate) Supervises Mine operations, technical & commercial team Main activities Normally responsible for all aspects of site operations encompassing: mine production and mine planning quality control ore processing, gold recovery and (if applicable) other mineral recovery maintenance of fixed and mobile plant and other facilities camp or township administration budgeting, cost control and asset management direction, motivation and health of the workforce These activities may be carried out directly, or through other senior staff or contract personnel Typical experience Incumbents are expected to be tertiary graduates in mining engineering, geology or metallurgy with appropriate state certification for underground or open-cut mining activities Other comments Alternative Titles: Resident Manager, Operations Manager, Mine Manager or General Manager - this may be applicable to an open cut (surface) or underground work environment and all work patterns 6

7 Remuneration data Position title Head of Mine Site Position code MCA_00101 No. of incumbents 110 Career level 6 No. of organisations 58 Please refer to Data Centre for statistics on the following: Percentiles Remuneration Component % Rec Average % of FR 25th 50th 75th Nominal Base Salary (NBS) 100% 328,487 88% 296, , ,486 Company superannuation on fixed remuneration* 100% 32,656 9% 24,957 29,909 36,170 Car allowance/company car/novated lease 29% 23,560 6% 17,927 25,000 29,100 Health insurance 22% 5,030 1% 3,000 4,400 6,448 Market premium Other benefits /other cash 20% 4,009 1% 3,000 3,300 5,276 Remuneration (excludes uplifts) 100% 369,896 99% 330, , ,371 Commute Uplift 5% 22,084 6% 5,000 8,256 27,500 Overtime Uplift Role Uplift Shift Uplift Site Uplift 7% 25,337 7% 13,750 26,843 31,568 Fixed Remuneration (FR) ** 100% 372, % 331, , ,637 Target Incentive 65% 110,021 30% 70, , ,900 Target Annual Remuneration (TAR) 100% 443, % 365, , ,042 Long-Term Incentive 37% 169,168 45% 94, , ,421 Target Total Remuneration (TTR) 100% 506, % 367, , ,594 Actual Short-Term Incentive 62% 164,818 44% 58, , ,804 Actual Annual Remuneration (AAR) 100% 474, % 343, , ,751 * Excludes super on STI. ** Includes super on uplifts. SAMPLE DATA ONLY State No. of Inc s No. of Org s NBS FR AAR New South Wales , , ,953 Victoria 3 2 Queensland , , ,369 Western Australia , , ,443 South Australia , , ,851 Australian Capital Territory 1 1 Tasmania 2 2 Northern Territory 3 3 General roster panel No. of Inc s No. of Org s NBS FR AAR 2/ , , ,060 5/ , , ,922 8/ , , ,161 9/5 1 1 Even , , ,975 Other 3 3 Work environment work pattern No. of Inc s No. of Org s NBS FR AAR Surface Day , , ,276 Surface Shift - Cont , , ,512

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/revenue), location, work patterns, rosters and commodity. 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 McDonald Gold & General Mining Industries Remuneration Report, or to participate, please contact: Steph Drury t m e steph.drury@aonhewitt.com

11 Contacts For further information regarding this remuneration report, please contact us directly: t m e steph.drury@aonhewitt.com t m e jenny.bertucci@aonhewitt.com t e froilan.samonte@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 the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon s global partnership and shirt sponsorship with Manchester United 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_1127A C aonhewitt.com.au Risk. Reinsurance. Human Resources.