Towers Watson Data Services
All Industries
2015 Total Rewards Surveys – Philippines
Data, Analytics, Insights and Experience from a Market Leader
11 Industries
283,320 Incumbents
437 Participants
Industry Surveys • General Industry • Business Process Outsourcing • Consumer Products • Energy • Financial Services – Banking – Insurance
• High Tech – IT/Telco – Semiconductor/Electronics Manufacturing • Media • Pharmaceutical
• Engineering & Construction Design/ Real Estate • Retail • Food Service • Geographic Reports – Luzon, Visayas, Mindanao
Global Reach, Local Market Expertise
Wh yT ow e
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.
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Da n o ts
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Research Driven •• Significant investments in technical resources and tracking market practices
Problem Solving
•• Auditing your reward packages •• Expert advice on managing pay elements at a global or local level •• Market pricing/ pay assessment
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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
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)
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 Career Levels and Global Grades. A leveling approach: Towers Watson Data Services’ integrated leveling approach replaces traditional benchmark jobs with Career Levels, Global Grades and Functions/Disciplines. The Career 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
Align your internal structure to the survey Career Levels and Global Grades, Functions (job families) and Disciplines.
•• 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 Career Levels, Global Grades and Disciplines, drawing on data for more than 50 Functions/job families at various Career Levels from over 17,000 participants across more than 115 countries.
Global Grade 1 – 25 Executive/Senior Management (11 Global Grades)
Integrated leveling methodology aligns Career Levels and Global Grades
Supervisory/Management (5 Career Levels) Professional (6 Career Levels) Customer/Client Management and Sales (6 Career Levels)
Technical Support (4 Career Levels) Business Support (4 Career Levels) Production/Manual Labor (4 Career Levels)
Align your internal structure to the survey Career 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
Human Resources (Generalist)
Payroll
Compensation and Benefits
Bookkeeping/Account Maintenance
Organizational Development
General Industry 3
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: 1097 10th
25th
Median
75th
90th
2 29
3 84
6 254
11 1 495
17 1 495
10th
25th
Median
75th
90th
Base Salary Total Fixed Cash Allowances (excluding Car) Total Guaranteed Compensation
41 706 41 706
47 223 47 223
56 375 56 375
66 398 66 398
76 378 76 378
Target Total Variable Pay Target Total Variable Pay % of Base Target Total Compensation
6 688 12.00% 56 046
11 683 20.00% 61 317
17 320 32.84% 73 818
25 535 42.69% 87 149
35 060 66.67% 102 302
Actual Total Variable Pay Actual Total Variable Pay % of Base Actual Total Compensation
5 336 9.08% 54 000
10 424 15.75% 59 400
15 379 32.36% 71 630
25 357 45.00% 86 000
33 494 66.67% 100 311
10th
25th
Median
75th
90th
33 140 7 000
36 000 7 000
36 900 8 160
50 911 9 660
55 000 13 200
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 Career 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.
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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
Compensation Survey Job Match Employee Id 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230
* 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
Career Level P2 P3 P3 P2 P4 P3 P2 EX EX EX EX EX EX P5 P3 P4 P4 P2 P2 P2 P2 P5 P2 P3 P3 U1 P4 P3 P3 P3 P5 P3 P1 P3
Career Level Name Intermediate Career Career Intermediate Specialist Career Intermediate Top Executive Top Executive Top Executive Top Executive Top Executive Top Executive Master Career Specialist Specialist Intermediate Intermediate Intermediate Intermediate Master Intermediate Career Career Entry Specialist Career Career Career Master Career Entry Career
Base Salary
Global Grade
Full Job Code
10 11 11 10 14 11 10 15 16 16 16 16 16 15 11 13 13 10 10 10 10 15 10 11 11 05 13 11 11 11 15 12 09 11
AFT010-P2-10 AMK050-P3-11 ACA000-P3-11 AMK040-P2-10 AFT000-P4-14 AFT000-P3-11 AFA000-P2-10 ASC-EX-15 AFA-EX-16 ALG-EX-16 AHR000-EX-16 ALG-EX-16 AFT-EX-16 AFU000-P5-15 AFU000-P3-11 AHR010-P4-13 ALG000-P4-13 AID020-P2-10 AFU000-P2-10 AFT050-P2-10 AMK040-P2-10 AFT050-P5-15 AHR130-P2-10 AFT000-P3-11 ACA-P3-11 AAS040-U1-05 ASC-P4-13 AFT000-P3-11 AFT050-P3-11 ALG000-P3-11 AMK000-P5-15 ACD-P3-12 AMK-P1-09 AMK090-P3-11
Your Data
Value
10th
44 590 49 491 52 000 34 125 91 364 45 968 38 090 109 486 100 009 151 086 123 604 159 354 78 871 110 006 60 000 75 400 97 045 45 500 51 506 34 112 40 677 91 832 36 400 60 190 64 506 28 990 68 055 44 200 41 015 44 655 153 894 85 000 32 500 62 000
37,1% 39,4% 14,7% 15,4% 39,2% 42,0% 95,1% 38,6% 105,8% -12,2% 64,8% 68,4% 131,7% 28,6% 69,2% 36,8% 20,5% 51,1% 69,8% 34,8% 80,1% 10,9% -5,4% 11,7% 131,7% 8,3%
Market Data
25th
50th
75th
90th
21,4% 11,5% 25,1% 3,7% 39,1% 4,0% 22,3% 57,3% 22,5% 72,5% 21,7% 82,0% -23,5% 59,8% 43,0%
11,5% -2,8% 4,2% -13,2% 26,9% -9,4% 9,1% 18,5% -1,3% 33,1% 10,3% 40,4% -33,6% 30,4% 19,6% 33,9% 54,0% 4,6% 37,6% -12,7% 3,5% -9,6% -9,8% 18,6% 33,1% 7,9% 10,5% -12,9% -24,9% 10,8% 74,2% 59,1% -9,7% 26,1%
1,6% -17,6% -0,5% -18,7% 2,6% -27,4% -2,1% 0,0% -22,3% 16,5% -4,2% 22,9% -43,0% 12,8% 2,1%
-8,2% -26,9%
32 526 35 502
-23,3%
29 739
-34,5% -13,4%
39 847 27 358
-24,2% -1,6% -12,6% 3,8% -49,3% 3,1% -7,1%
70 412 77 422 89 205 77 422 89 859 66 771 35 630
34,0% -5,3% 26,5% -20,3% -3,1% -16,5% -20,1% -5,0% 18,2% 7,6% -4,8% -30,2% -31,1% -18,5% 43,3% 12,7% -20,2%
25,5% -16,9% 21,6%
41 887 35 388 30 439
-8,6%
29 739
-28,9% -14,3% -4,0% -24,4% -11,8% -37,1% -41,5% -23,4% 23,8%
30 202 39 847 38 000 21 513 37 786 39 847 43 365 39 977 66 428
-25,0%
30 000
85,5% 19,4% 55,5% -1,7% 23,6% 1,3% 1,0% 36,2% 57,6% 24,4% 28,0% 0,0% -16,7% -2,1% 106,7% 86,5% 1,5%
10th
90th
25th
Median
75th
36 737 44 386 41 559 32 906 65 664 44 200 31 145 69 608 81 654 87 570 101 548 87 570 103 110 68 820 41 966
40 000 50 940 49 890 39 300 72 000 50 750 34 925 92 400 101 354 113 523 112 043 113 523 118 743 84 377 50 166 56 317 63 002 43 509 37 437 39 060 39 300 101 551 40 365 50 750 48 461 26 856 61 591 50 750 54 624 50 043 88 340 53 431 36 000 49 183
43 885 60 073 52 236 41 982 89 044 63 340 38 927 109 486 128 759 129 708 128 958 129 708 138 464 97 505 58 772
52 311 38 113 33 118 34 686 32 906 90 675 36 022 44 200 40 938 23 300 53 148 44 200 49 217 45 610 74 436 45 566 32 004
48 548 67 690 44 498 70 232 44 004 131 990 153 566 141 394 153 566 155 440 106 713 64 553
72 413 77 350 48 039 54 781 40 710 42 374 42 794 41 982 44 498 110 004 45 541 51 188 63 340 70 232 54 571 67 203 31 387 38 324 71 472 77 124 63 340 70 232 59 544 70 088 54 823 58 260 107 396 124 260 75 399 40 746 43 311
* Apply a best match algorithm of your data to the closest market equivalent 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
United Kingdom
Training/professional development policy
Summary
% reporting 86.7
Policy for training/professional development or continuing education Type of policy: • Formally established
62.1
• Discretionary (on a case by case basis) • Combination of both
27.7
TOTAL BUDGETED SALARY INCREASES (INCLUDING zero values) 10.3
Coverage of costs
All types increase
No of No of Companies responding: 234 Companies 10th 25th responding Percentile Percentile GM 207 0.4 1.9 All costs covered, including payment for missed working time All costs covered, excluding payment for missed working EX 230time 0.7 1.9 No costs covered and no payment time MM for missed working244 1.0 1.9 PR 247 1.3 2.0 Contribution to development/education activities 227 TB 1.0 1.9 o N of Companies responding: 263 MW 183 1.1 1.9
Median 2.5 2.5 2.5 2.5 2.5 2.5
75th % Percentile reporting 3.0 82.9 15.0 3.0 3.02.1 3.0 3.0 3.0 % reporting 78.3
5.0%
% contributing Contribution covers • MBA/University Education
90th Percentile 4.0 4.0 3.9 4.0 3.5 3.5
69.2 74.5 47.1
4.0% • Professional qualification (ACCA, CPA, CFA, or CIMA) • Other type of education
Prevalence of benefits Prevalence
3.0%
Average 2.5 2.5 2.5 2.5 2.4 2.4
90th Percentile
DC Retirement Plan DB Retirement Plan Private Medical Insurance Dental Optical Medical check-up Employee Assistance Plan Wellness Program Group Life AD&D Critical Illness Disability Business Travel Accident Company Car/Transportation Loan Program Childcare Meal benefits Tuition Flexible Benefits
Number of companies
91% 30%
61 20
100% 51% 61% 60% 85% 69% 85% 37% 22% 75% 67% 81% 30% 75% 63% 82% 49%
67 34 41 40 57 46 57 25 15 50 45 54 20 50 42 55 33
Total participants 67 67 67 67 67 67 67 67 67 67 67 67 67 67 67 67 67 67 67
0%
20%
40%
60%
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 Critical Illness
37% 22%
Disability
75% 67%
Business Travel Accident
81%
Company Car/Transportation Loan Program
30% 75%
Childcare Meal benefits
63% 82%
Tuition Flexible Benefits
49%
75th Percentile Median
2.0%
25th Percentile 10th Percentile
1.0%
0.0% GM
EX
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
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
Company Car Benefits Survey 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
• Eligibility • for company car, cash allowance and car loan • Purchase/Leasing/renting • amounts • Benchmark • car make and model • Running • costs allowance provision • Cash • • Car • loan provision treatments • Tax • Reports available: Asia Pacific, EMEA, Latin America and all 3 regions
Sample Country Global Salary Structure – Belgium
Company Car Benefits – United Kingdom CSD000 | M3 - 14
Companies: 133 | Incumbents: 665
#Cos #Cases
Valued Benefits
Avg
10th
25th
Median
75th
90th
7 680
8 500
9 000
8
30
7 588
6 000
7 060
Annual Car/Cash Allowance Amount (excluding fuel)
20
101
6 194
4 543
5 558
Full Purchase Value (incl. VAT and Typical Local Taxes)
14
63 26 466 18 744 25 780
Annual Car/Cash Allowance Amount (including fuel)
Monthly Leasing Value (excl. VAT & fuel)
6 060
7 140
8 250
26 910
30 000
30 000
4
9
585
...
550
600
630
...
Monthly Rental Charge (excl. VAT & fuel) - including maintenance
19
93
490
435
450
464
520
650
Monthly Rental Charge (excl. VAT & fuel) - excluding maintenance
...
...
...
...
...
...
...
...
Car Benefits - Cost to the Company
...
...
...
...
...
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Eligibility Prevalence Data Car Prevalence - Car Benefit Type
Car Prevalence - Top 3 Make/Model
Car Eligibility Criteria (% reporting)
32.3% Car Allowance
BMW 320
48.8% 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
HR Trends Report – Asia Pacific
•• Budget salary increases by employee level •• Budget salary increases by industry •• Salary review policies •• Budget allocation
•• 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, EMEA, Latin America, North America and Global
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 us at hrresource.towerswatson.com, or contact us at
[email protected] 6 twdataservices.com
Towers Watson Data Services in the Philippines Over 40 professional consultants in the Philippines contribute to our clients’ success through their unique capabilities and deep expertise, gained through Towers Watson Data Services’ more than 30 years of local market experience. Our comprehensive total rewards database, the largest in the Philippine market reflects the practices of over 400 participating local and multinational companies. The following industry surveys and services are available:
Industry Surveys
•• General Industry •• General Industry – Executive •• Business Process Outsourcing •• Consumer Products •• Energy and Natural Resources •• Banking •• Insurance •• High Tech
Additional Services
•• Hotels, Resorts & Gaming •• Media •• Pharmaceutical & Health Sciences •• Real Estate •• Retail •• Transportation/Logistics
•• 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
Also available: Executive Compensation Survey *Separate Industry cuts availability subject to minimum of eight participating companies in that specific industry
Surveys Offered in Asia Pacific
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General Industry – Executive
Brunei
General Industry
Bangladesh
Industry
Australia
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.
General Industry 7
Contact Us: Philippines
Towers Watson Philippines 15th Floor, The Marajo Tower, 312 26th St. corner Fourth Avenue, Fort Bonifacio Global City, Taguig City 1634 Phone: +632 902 0777 Email:
[email protected]
Asia Pacific
Latin America
Singapore
Miami
Email:
[email protected]
Email:
[email protected]
Phone: +65 6880 5688
Phone: +1 866 824 5815 (toll free)
+1 954 767 1345 (outside the U.S.)
Europe, Middle East and Africa
North America
Brussels
Canada
Email:
[email protected]
Email:
[email protected]
Phone: +32 2 678 15 11
Phone: +1 877 550 4402 (toll free)
London
Email:
[email protected]
United States
Phone: +44 20 7170 2999
Email:
[email protected]
+1 416 960 2700 (outside Canada)
Phone: +1 800 645 5771 (toll free) Phone: +1 914 289 3200 (outside the U.S. and Canada)
Towers Watson Data Services
About Towers Watson
Towers Watson Data Services is a leading provider of compensation, benefits and employment practices information to the global employer community. Our databases are recognized worldwide as the most reliable source of current data for compensation planning.
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With more than 14,000 associates around the world, we offer consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management.
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