SPAIN
2011/12 EMEA Salary Budget Planning Report I 12011/12 EMEA SALARY BUDGET PLANNING REPORTGENERAL INDUSTRIES SALARY MOVEMENT...
2011/12 EMEA Salary Budget Planning Report I 22011/12 EMEA SALARY BUDGET PLANNING REPORTGENERAL INDUSTRIES SALARY MOVEMENT...
2011/12 EMEA Salary Budget Planning Report I 3OVERVIEW - The graph below compares the projected salary budget increases re...
2011/12 EMEA Salary Budget Planning Report I 4TABLE 4: Salary review statusCompanies were asked to indicate the status of ...
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
Estudio towers watson salary budget planning spain 2011 2012
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Estudio towers watson salary budget planning spain 2011 2012

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Estudio realizado por Towers Watson en el que se analizan los datos de incrementos salariales tanto reales (2011) como previstos para 2012 por compañías españolas pertenecientes al sector Retail. El Estudio cubre aspectos tales como: •Comparativa entre los incrementos salariales (incrementos, decrementos y congelación) con indicadores macroeconómicos (inflación, PIB y tasa de desempleo) •Situación de la revisión salarial: incrementos, decrementos y congelación salarial •Asignación del presupuesto destinado a los incrementos salariales para empleados con alto desempeño.

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Transcript of "Estudio towers watson salary budget planning spain 2011 2012"

  1. 1. SPAIN
  2. 2. 2011/12 EMEA Salary Budget Planning Report I 12011/12 EMEA SALARY BUDGET PLANNING REPORTGENERAL INDUSTRIES SALARY MOVEMENTThis report summarises the findings of Towers Watson’s annual survey on salary movement and review practices as ameans of helping companies with their compensation planning for 2012.The survey was conducted on-line in July/August 2011 amongst companies participating in Towers Watson’scompensation surveys. We received approximately 6,800 sets of responses covering more than 60 countries acrossthe EMEA (Europe, Middle East and Africa) region.The main sections of this report include actual and projected data for 2011 and 2012 respectively. Details include:• Summary of key findings• Graphic overview of results• Salary movement in comparison with key economic indicators• Salary movement by employee group for all industries and by specific industry sectors• Salary review status• Allocation of salary budget increase to high performers• List of participants by sectorNotes:The salary movement figures provide median salary increases awarded or anticipated overall and for each employeegroup as a percentage of base salary. They include merit and statutory increases, promotions and cost of livingadjustments.The employee groups are generally defined as:Executive Directors - The most senior executive position in the organisation coordinating the full range of functions.Provides leadership and has overall direction and control of the company’s operations/divisions. Responsible for long-range planning and establishment of basic policy. This position excludes the Chairman with no executive responsibilityin the organisation.Senior Management - Is defined as those executives who report directly to the General Management with fullresponsibility for major departments or functions. They actively participate in developing company policy and closelyadvise the General Management on strategy.Middle Management - Is defined as those employees who may report directly to the General Management but are notregarded as the top level of management, or alternatively report directly or indirectly to department heads or heads offunction.Professionals - Professional employees are personnel who through a specific qualification or a level ofskill/competence in a particular discipline are considered as experts in their field e.g. Accountants, Legal Advisors, KeyAccount Managers, Product Marketing Specialists, Business/Technical Consultants, HR Professionals.Technical/Business Support - Are defined as white collar personnel employed directly by an organisation, either inan office environment or in the field. Managerial levels should not be included here.Production/Operations - Are defined as blue-collar personnel, operators or technicians employed in a plant/factory,as well as basic clerical support roles in an office environment, kitchen staff, security personnel, drivers etc. For thiscategory of personnel, job descriptions often differentiate between highly skilled, skilled, semi-skilled and unskilledpersonnel.
  3. 3. 2011/12 EMEA Salary Budget Planning Report I 22011/12 EMEA SALARY BUDGET PLANNING REPORTGENERAL INDUSTRIES SALARY MOVEMENTSUMMARY OF KEY FINDINGSThe following is a summary of current economic forecasts from the (EIU) Economist Intelligence Unit and key findingsfrom our Salary Budget Planning Survey, highlighting the current trends in salary movement and review practicesacross EMEA.Economic conditions in the Euro zone continue to be a tug-of-war between the strongest economies (real GDP growthof 3% or more) and the weakest (growth of 1% or less). Led by Germany, the strongest economies account for aboutone third of the Euro zone’s total GDP while the weakest account for slightly more than a third. The middle group,where growth is neither very strong nor very weak is led by France and comprises about 28% of total GDP in the EU.The situation has barely changed from 2010 in terms of the strength of the respective economies. In fact, overall realGDP growth in the Euro zone is forecast to be 1.8% in 2011, compared with 1.7% in 2010. In the EU as a whole, thesituation is the same, with the EU economy forecast to expand by 1.8% in 2011; the same as in 2010. The centralissue within the Euro zone and the EU going forward into 2012, is the performance of the German economy. The EIUis currently forecasting real GDP growth in Germany of just 2.0% in 2012. If this turns out to be the case, it wouldmean that growth in the largest EU economies (Germany, France, the UK and Italy) would average 1.4% per annumnext year. There are however, a few EU markets where the economies are forecast to perform well above the averagein 2011 and 2012. This includes Lithuania (5.0%/3.6%), Poland (4.2%/4.2%) and Sweden (3.7%/3.2%). Outside theEU, real GDP growth across EMEA is expected to be higher in general, led in particular by Qatar (15.8%/5.9%),Ghana (10.5%/7.5%), Kazakhstan (6.7%/6.3%), Saudi Arabia (6.3%/5.3%), Nigeria (6.2%/6.7%) and Turkey(6.0%/4.5%).Inflation (CPI) rates are up in 2011 and far off the lows recorded in 2009. In the Euro zone, CPI is expected to peak at2.6% in 2011 (compared with 1.6% in 2010) falling back to 1.9% on average in 2012. The situation is the same for theEU as a whole, with CPI expected to average 3.0% in 2011, falling back to 2.2% in 2012. Of the big four EUeconomies, CPI is expected average around 2.5% for 2011/12, with the UK continuing to see the highest rates ofinflation (CPI expected to average 4.5% in 2011 before falling back to 2.9% in 2012). Inflation rates are highest in theeconomies of the Mideast and North Africa where CPI is sharply up from last year, forecast to average 8.8% in 2011,compared with 5.8% in 2010. However, inflationary pressures are expected to ease somewhat in 2012, with CPIexpected to average 7.5%. Prices are rising in Sub-Saharan Africa also, with CPI forecast to average 7.7% in 2011and 7.2% in 2012. EMEA countries that are struggling the most to contain inflationary pressures include the Ukraine(forecast CPI of 10.6% and 9.4% respectively in 2011 and 2012), Russia (8.9%/7.7%), Belarus (15%/11%), Egypt(16.2%/11.6%), Ghana (9.7%/9.1%) and Nigeria (11.8%/11.0%).Unemployment levels generally remain elevated in most EMEA markets as economic growth tends to slowly impactlabour markets. Across the EU, unemployment is expected to continue to decline modestly in most economies, fallingfrom an estimated average of 9.6% in 2011 to 9.3% in 2012. However, this is not the case in the troubled economiesof Greece, Ireland and Portugal where unemployment is expected to continue to rise amidst their recessions. Labourmarkets where unemployment levels are expected to be considerably better than the EU average in 2011 and 2012include Germany (6.1%/5.9%), Sweden (7.6%/7.2%), Denmark (5.9%/5.3%) and Finland (7.7%/7.0%).
  4. 4. 2011/12 EMEA Salary Budget Planning Report I 3OVERVIEW - The graph below compares the projected salary budget increases reported by country with the localinflation rate. Salary budget increase figures include promotions and zero salary budget increases. Macroeconomicdata source: Economist Intelligence Unit (EIU)TABLE 1: Overall salary budget increases in comparison with key economic indicatorsMedian actual and projected overall salary budget increases as a percentage of annual base salary are presented incomparison with the consumer price index inflation, gross domestic product increase and unemployment rates foreach country. The overall percentage figures are based on the General Industry sample. 2011 2012 Unemployment Unemployment Overall Inflation Overall Inflation Sector Country GDP Rate GDP Rate % % % % % % Spain 2,7 3,1 0,8 20,6 3,0 2,0 0,9 19,7TABLE 2: Salary budget increases by employee group – excluding zero salary budget increasesThis table reports the median salary budget increase by employee group. Note: not all companies providing an overallsalary increase also provided data broken down by employee group. This resulted in a different sample andsometimes higher or lower statistics. This information is reported by General Industry only. 2011 Actual Salary Increase Budget (%) 2012 Projected Salary Increase Budget (%) Professionals Professionals Management Management Management Management Production Production Execcutive Execcutive Technical Technical Business Business Directors Directors Country Overall Overall Middle Middle Senior Senior SectorALL INDUSTRY Spain 2,8 2,5 2,6 2,8 2,8 2,6 2,7 3,0 3,0 3,0 3,0 3,0 3,0 3,0TABLE 3: Salary budget increases by employee group – including zero salary budget increasesThis table reports the median salary budget increase by employee group. Note: not all companies providing an overallsalary increase also provided data broken down by employee group. This resulted in a different sample andsometimes higher or lower statistics. This information is reported by General Industry and then by sector. 2011 Actual Salary Increase Budget (%) 2012 Projected Salary Increase Budget (%) Sector Country Professionals Professionals Management Management Management Management Production Production Execcutive Execcutive Technical Technical Business Business Directors Directors Overall Overall Middle Middle Senior SeniorALL INDUSTRY Spain 2,7 2,4 2,5 2,7 2,7 2,5 2,6 3,0 3,0 3,0 3,0 3,0 3,0 3,0RETAIL Spain 2,3 2,0 2,3 2,3 2,3 2,5 2,5 2,0 2,0 2,0 2,0 2,0 2,0 2,0NB: Macroeconomic data source: Economist Intelligence Unit (EIU)The data for salary budget increases includes zero values (salary freezes)“-“ indicates where there is insufficient data to report a result
  5. 5. 2011/12 EMEA Salary Budget Planning Report I 4TABLE 4: Salary review statusCompanies were asked to indicate the status of their salary review for 2011 and 2012. This information is reported byall industries and specific sectors. Some companies provided more than one response, and is hence why somepercentages add up to more than 100. 2011 Salary review status (% of responses) 2012 Projected review status (% of responses) Regular Regular Sector Country Freeze Postponed Statutory Freeze Postponed Statutory Review ReviewALL INDUSTRY Spain 5 5 83 7 3 2 89 6RETAIL Spain 0 0 60 40 0 0 75 25TABLE 5: Salary budget increase – allocation to high performersCompanies were asked to indicate how they plan to administer their salary budget increase in relation to highperformers. This information is reported by All Industries and then by sector. Salary budget increase allocation for 2012 (% respondents) Budget increase allocated Exclude high performers Entire budget increase to Larger portion to high Sector Country to all employees at same from planned salary high performers performers rate decreasesALL INDUSTRY Spain 7 82 10 1RETAIL Spain 17 66 17 0NB: Macroeconomic data source: Economist Intelligence Unit (EIU)The data for salary budget increases includes zero values (salary freezes)“-“ indicates where there is insufficient data to report a result

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