EMEA Reward Trends in 2012 / 2013 - Aon Hewitt

  • 821 views
Uploaded on

Aon Hewitt reward experts discuss the latest compensation trends and salary increases in EMEA in 2012/2013.

Aon Hewitt reward experts discuss the latest compensation trends and salary increases in EMEA in 2012/2013.

More in: Career
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
821
On Slideshare
0
From Embeds
0
Number of Embeds
2

Actions

Shares
Downloads
13
Comments
0
Likes
1

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Aon Hewitt | September 2012EMEA Reward Trends webinarSalary increases and reward practices in EMEACopyright © 2012 Aon Hewitt Limited. All rights reserved.Aon Hewitt Limited, 8 Devonshire Square London EC2M 4PL Registered in England No. 4396810
  • 2. Aon Hewitt speakers Vincent Cornet Martin McGuigan Director EMEA Reward Consulting | Paris Senior Reward Consultant | Dubai François Auger Jackie Waller Senior Reward Consultant | Paris Senior Reward Consultant | London Gregor Lötsch Senior Reward Consultant | Vienna 2
  • 3. Salary increase budgets & economic context 3
  • 4. Aon Hewitt Global Salary Planning Report14,165 data submissions across 117 countriesData 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. 4
  • 5. Key observations and challenges for 2013Observations:• 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 contextChallenges:• Linking salary increase with performance• Communicating more effectively• Demonstrating the value of the whole package Click on the image for more information. 5
  • 6. Trends in reward practices 6
  • 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 Click on the image for more information. Source: Aon Hewitt Reward Fundamentals Study, November 2011 7
  • 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. 8
  • 9. A successful salary review process 9
  • 10. Execution of reward programmes is criticalIn most companies, the basics are already in place:• A compensation philosophy• Processes, tools and procedures• Reliable data• Competent teamsHowever, reward strategy falls down due toexecution:• 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. 10
  • 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 11
  • 12. Aon Hewitt global footprint 12
  • 13. More informationAon Hewitt worldwide Join us on:Reward Data Services @AonHewittUKTotal Compensation Measurement™ http://linkd.in/HUN04ISales Incentive SurveyRemCentral, Salary Management ToolPlease click on the images below for more information: 13
  • 14. Copyright © 2012 Aon Hewitt Limited. All rights reserved.Aon Hewitt Limited, 8 Devonshire Square London EC2M 4PL Registered in England & Wales No. 4396810To protect the confidential and proprietary information included in this material, it may not be disclosed or provided toany 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, otherthan the intended recipient, using or relying on this material.Authorised and regulated by the Financial Services Authority. 14