Salary & Benefits Survey 2018 edition - pwc.ro · Salary & Benefits Survey 2018 edition . PwC Dear...

PwC

PayWell 20 years

Salary & Benefits Survey2018 edition

www.pwc.com

PwC

Dear HR Professional,

We are pleased to invite you to the 20th edition of our Salary & Benefits Survey - PayWell 2018!

This document presents useful information about the survey: types of data analysed, content and structure of reports, as well as involvement required from participants.

We are looking forward to working together with you in improving your remuneration practices!

PayWell Team

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January 2018PayWell - Salary & Benefits Survey

PwC

PayWell report provides specific information covering three areas:

What is PayWell Salary & Benefits Survey?

PayWell report is a tool created to assist HR professionals and decision-makers to develop competitive HR policies that attract, motivate and retain talent & support the business strategy.

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About PayWell

PwC

1. Salary statistics by job and by grade

4


• Statistics reflecting market data on base pay and guaranteed pay (reflecting the application of social contribution transfer, whether included in base pay or in bonus payments), variable pay (target and paid out value), total pay and total rewards + benefits cost, deferred bonus, company car acquisition price and eligibility for variable pay and company car

• Customised analysis depending on geographical distribution (Bucharest, Banat Transilvania, Muntenia and Moldova), number of employees and company revenue

Report content:

PwC 5


2. Interactive report

Sector

Com pare by

Filter

Percentile

1

2

Position group

Function

Departm ent

Job Code

Region

PwC Level

Period

Currency

Adjustm ent

Your

employee

Market

90th

percentile

Market

Index

Percentile

Rank

Your

employee

Market

90th

percentile

Market

Index

Percentile

Rank

7 8 9 8 HR a ssista n t Ba n a t & Tr a n silv a n ia 6 GEN-HR-G-9 7 HR/ Per son n el A ssista n t HR G 9 . Cler ks/a dm in s 4 ,000 4 ,6 00 87% 75% 4 ,000 3 ,8 00 105% 75%





PwC Level

Base Pay Variable Pay (Paid Out)

Comparison

ID Job title RegionJob

grade

PwC

Code

PwC

GradePosition title Func. Depart.

Monthly

RON

0%

Your positions PwC Benchmark

Com parison

PayWell 2012

RomaniaAny

90th percentile

Reward

com ponents

Base Pay

Variable Pay (Paid Out)

Display ed individuals

General

HR

General

HR/ Personnel Assistant GEN-HR-G-9

Banat & Transilvania

Statistics options

Client NameMarket com parison

Health Care Serv ices

Job Report

Capital country of origin Selection < 100 employ ees

A tool which allows you to compare own data with market statistics of your choice (e.g. certain sector, region, company size).

2017

Report content:

PwC


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3. Customised peer report*

On top of the statistics provided according to the selected package, the participants canreceive a customised report. This report supports more accurate analysis based on thesample of companies selected by you.

Customised reports

*Available only for companies who acquire one of the PayWell report options (full/sectorial report). Please see details regarding reports& fees on slide 11. A minimum of 5 companies must be selected to create a Peer customised report, due to confidentiality reasons. Thereport will be generated by PwC and we reserve the right to restrict access to a Peer customised report if data confidentiality is notensured.

Report content:

2017

PwC


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4. Compensation & Benefits policies report

Compensation policies:

• Salary review policies

• Pay for time worked & not worked

• Fixed and variable bonuses

• Employment relations

Benefits policies:

• Details related to eligibility, cost / value and utilisation policy for: protection benefits (pension, insurance, medical services), social benefits (transportation, vouchers), perks (company car, mobile phone), wellbeing benefits (sport, kindergarten)

SectorMiddle

Management Staff

Sales Staff

Financial Services 3.3% 3.3%

Hotels 6.7% 6.7%

Industry 7.5% 5.7%

Pharmaceuticals 4.2% 4.4%

Retail 4.5% 4.7%

Overall Market 4.7% 4.5%

Report content:

PwC

PayWell report is available through PwC C&B Survey Platform*

*access to PwC C&B Platform is provided to participants and companies that acquire the report, through allocation of a user name and a password.

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Report content:

PwC

Participation in PayWell involves:

Your role:

• Provision of information related to compensation & benefits policies

• Provision of detailed salary related information for each employee in your organisation (i.e. monthly salary, bonuses & value of benefits offered)

New

Our support

• As participant in PayWell survey, you will be assigned a dedicated consultant, who will be available to assist you during data completion process.

• The Smart Salary Sheet was created as an .xlsm extension that provides new easy-to-use fill in features, enabling clients to complete the required data in less time, including interactive suggestions in order to automate the job mapping process.

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You involvement

PwC

Survey timeline

Confirm participation of your company in PayWell survey by contacting us [email protected]

Participants’ enrolment

10 minutes

Attend presentation session dedicated to job matching and explanation of data collection tools

Participants’ workshop

2 - 3 hours

Complete PayWelldata collection tools with the assistance of PwC consultants

Data collection

2 - 4 hours

Receive PayWellreport based on your chosen package

Support in reading and analysing data

Report delivery

10 minutes

Tim

efr

am

e &

pr

oje

ct

ph

as

eY

ou

r i

nv

olv

em

en

t(a

cti

vit

ies

& t

ime

)

Permanent assistance from your assigned consultant

February March April August September

PayWell 20 Launch &

Celebration

Stay tuned !

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Timeline

mailto:[email protected]

OptionalBenchmarking and Analysis Tools

www.pwc.com

PwC

Benefits Ranking Survey

Key features:

• Open survey addressed to employees, no personal or company identifiable information is collected

• Easy and fast, available online on PC, laptop or smartphone

• More than 30 benefits analysed, in terms of preference and utilization

• Provides statistics for the overall market, as well as by profession, sector of current job, age, gender, family status etc.

Benefits are an important reward element that can truly make the difference in employer brands. Traditionally, salary surveys focus on analyzing the most common benefits offered by employers, without analyzing their perceived value. Our Benefits Ranking Survey will close the loop by exploring the employees’ perspective on benefits.

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23%

27%

30%

33%

44%

56%

8%

12%

9%

34%

11%

16%

7%

3%

24%

3%

20%

12%

62%

58%

37%

30%

25%

16%

Transport allowance

Christmas bonus

Work from home

Meal tickets

Life insurance

Holiday vouchers

Benefits ranking - by importance(% of participants)

under 30 years

31 - 35 years

36 - 40 years

over 41 years

Benchmarking and Analysis Tools

PwC

Base Pay Review Tool

Key features:

• Allows input of your company information on job evaluation, grading and base pay ranges by grade

• Allows input of information from the market in a flexible manner (up to 3 sources – different salary surveys, different samples etc.)

• Calculates market index (salaries in your company vs market) and base pay gap (actual salaries vs desired structure) and their distribution by position / grade

• Calculates financial impact based on either individual increase decisions or generic principles up to 3 scenarios.

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Either you have a base pay structure, but you need to adjust it to reflect organisational changes and market dynamics, or you intend to build a new one, the Base Pay Review tool will help you integrate information from job evaluation / grading and market data and test impact of salary increase scenarios.

2%

5%

7%

22%

22%

27%

33%

42%

37%

34%

23%

28%

9%

8%

1%

Base Pay

Total Pay

TotalRewards

Market index distribution(% of employees)

less than 70% 70%-90% 90%-110% 110%-130% more than 130%

Budget to cover difference to target/ grade

Grade Base Pay Total Pay Total Rewards

1 23,887 45,555 65,594

2 4,504 5,019 5,412

3 17,682 19,673 19,209

4 26,771 62,109 64,715

5 8,355 12,705 13,915

6 13,437 21,841 25,448

Total (monthly, RON) 145,562 216,551 269,304

% of current salary budget increase in order to allign to market

9.3% 15.2% 18.1%


PwC

HR Reporting Tool

105155

120

2014 2015 2016

Investment in training & development

program (EUR / employee)

1.30 1.28

1.44

2014 2015 2016

Human Capital Return on Investment

6.6%

14.4%

20.0% 18.0%

9.5%

15.8%20.0% 19.6%

Management Specialists Admin Workers

Termination rate by staff category

2015 2016

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January 2018

PayWell - Salary & Benefits Survey

You need more and more complex HR data in order to make decisions related to people strategy or improve HR processes or simply to report to management. You do not have adequate software to process such analysis and generate reports quickly and accurately. Our HR Reporting Tool provides a large set of people and HR processes metrics in a presentable format.

Key features:

• Allows you to input source data in a database format or to input information from other sources

• Calculates a large set of metrics* related to workforce structure and performance, as well as key HR process

• Allows input of targets for each metrics• Allows integration of benchmarking data • Generates reports with metrics value and

comparisons against targets or market and comparison between multiple years, structures, staff categories etc.

*Metrics are developed based on our Saratoga

methodology, therefore using the tool will make participation in our survey very easy.


PwC

Let’s talk!

This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon theinformation contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as tothe accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers Tax Advisors and Accountants, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

© 2018 PricewaterhouseCoopers Tax Advisors and Accountants. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Tax Advisors and Accountants which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.

[email protected]

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Salary & Benefits Survey 2018 edition - pwc.ro · Salary & Benefits Survey 2018 edition . PwC Dear...

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