All Industries 2015 Total Rewards Surveys Philippines

Towers Watson Data Services All Industries 2015 Total Rewards Surveys – Philippines Data, Analytics, Insights and Experience from a Market Leader...
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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

...

...

...

...

...

...

...

...

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



• •

• •



• •

• •

• • •

Aviation Business Process Outsourcing









Chemical Construction & Engineering



Consumer Products

• •



• •

Energy and Natural Resources



Engineering



– Banking – Financial Leasing – Asset Management – Futures, Trust – Insurance – Private Equity



– Securities High Tech



• • • • • • • •

• • •

• • • • •

• • •

• •







• •















• •

• • •





• •













• •









• • •

• •

• •

• •

• • •







Pharmaceutical & Health Sciences







• •

• • • •

Plantation Real Estate Retail Trading Transportation/Logistics















• •







• •



• •













• • •













Manufacturing Media



• •





Hotels, Resorts & Gaming





Education

Financial Services

Asia Pacific



Vietnam



Thailand

• •

Taiwan



Sri Lanka

• •

Singapore

• •

Philippines

• •

Pakistan

Laos

• •

New Zealand

Korea

• •

Myanmar

Japan

• •

Malaysia

Indonesia



India



Hong Kong



China

Cambodia

• •

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.

www.twdataservices.com

Copyright © 2015 Towers Watson. All rights reserved.

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