PwC Financial sector Salary Survey PayWell 2016 · PwC Financial sector Salary Survey PayWell 2016...
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PwC Financial sector Salary Survey PayWell 2016 www.pwc.com
Transcript of PwC Financial sector Salary Survey PayWell 2016 · PwC Financial sector Salary Survey PayWell 2016...
PwC Financial sector Salary Survey PayWell 2016
www.pwc.com
PwC
General description and basic methodological principles
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PwC
Why PwC?
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The largest Russian and International banks and financial organizations participate in our surveys
Long-term experiencein conducting surveys (since 1999)
Multilevel data check; high quality of final reports
High standards of data privacy
PwC
General description of Salary Survey PayWell
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Survey 2015:
157 participants
55 regions and 68 cities of Russia
2 000 unique positions
and 11 hierarchical levels
600 000 individual records
PwC Salary Survey PayWell
Detailed job catalogue with specific financial sector positions
All elements of compensation: base salary, variable pay, total remuneration
Detailed analytical section on salary practices
An analytical section on labour market tendencies
Availability of Peer group report (reference group) from the list of Survey participants
New! Availability of headcount benchmarks with a breakdown by functions and departments
PwC
Basic methodological principles
Traditionally, Salary Survey data is used for evaluation and adjustment of employees remuneration on various positions.
Salary Survey data collection implicates matching of client’s positions with PwC PayWell Standard Job Catalogue according to functional job description and hierarchical level of the position. For example:
After information accumulation, multilevel incoming information checking and statistical data processing are conducted, so that it will not be possible to ascertain that this information pertains to a particular Respondent Company.
In accordance with generally accepted procedures, the disclosure comes upon several conditions:
• the arithmetic average – as minimum it should be data for 3 data points from 3 companies
• the median – as minimum it should be data for 4 data points from 3 companies
• the 25th and 75th percentile – as minimum it should be data for 6 data points from 3 companies
• •the 10th and 90th percentile – as minimum it should be data for 8 data points from 3 companies
Relative to the above, in cases where initial data is not enough for disclosure, remuneration information for the position is not provided.
Hierarchical level
Function
Function: Finance and accountingUnit: Payroll
Hierarchical level: ExpertsGEN - FI-W - 6
Position10th
percentile 25th
percentile Median
75th percentile
90th percentile
Arithmetic average
GEN-FI-W-6 - - 273 024 - - 266 707
1. General Director/President
2. Deputy General Director / Vice-
President
3. Director3. Director
4. Division Head
5. Unit Head
6. Experts
7. Senior Specialist
8. Specialist
9. Clerks/admins
10. Workers
3. Director
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PwC
Multilevel data check
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Stage 1
Stage 2
Stage 3
Stage 4
Stage 5
Provide detailed instructions for filling in questionnaires and send finalized questionnaire to the last year Survey participants in order to improve and facilitate the process of job matching
New! Provide guidelines, that give participants an opportunity to check the correctness of filling questionnaires before sending
Perform regulatory methodological and technical support to the participants at the questionnaires filling in and negotiation processes
Use customized approach to survey participants on the questionnaires checking and negotiation processes
Check the statistical analytics within the overall data before preparation of final reports
To ensure the high quality of Salary Survey PayWell data PwC consultants:
PwC
PwC Financial Sector Salary Survey PayWell 2015 participants
1. Absolut Bank2. AHML*3. Akbars bank4. Alfa Bank5. Alfa Capital6. Aton7. Bank of Moscow8. Bank of Tokyo Mitsubishi9. Bashcomsnabbank10. BMW Bank11. BNP Paribas12. BrokerCreditService13. Cetelem Bank14. Citibank15. Commerzbank16. Credit Suisse17. De Lage Landen Leasing18. Delta Credit19. EABR (Eurasian bank of development)20. EBRD21. Evrofinance-mosnarbank22. FC Otkritie23. Finprombank24. Garanti Bank Moscow25. Gazprombank26. Gazprombank Leasing27. Home Credit28. HSBC29. ING Bank30. JP Morgan31. Khanty-Mansiisky Bank Otkritie
32. Mercedes Benz Bank33. Mercedes-Benz Financial Services34. Merrill Lynch35. MC Bank Rus (Kapital-Moscow)36. MC Factoring Rus37. Mizuho Corporate Bank38. Morgan Stanley39. Moscow Stock Exchange 40. MTS bank41. Multikarta42. National settlement depository43. Natixis44. Nordea Bank45. Otkritie Capital46. OTP-Bank47. Probusinessbank*48. Promsvyazbank49. Raiffeisen Bank50. Renaissance Credit51. RN bank (RCI Bank)52. Rosbank53. Royal Bank of Scotland54. RSHB55. Rusfinance Bank56. Russian Standard Bank57. Russlavbank*58. Rusnano59. Sberbank60. Sberbank Asset Management61. Sberbank CIB62. Scania Leasing
63. Siemens Finance64. SKB Bank65. Svyazbank66. Tatfondbank67. Toyota Bank68. Trust bank*69. UBS70. UniCredit Bank71. UniCredit Leasing 72. Ural Bank for Reconstruction and
Development73. Uralsib74. Visa*75. Vnesheconombank76. Volkswagen – Finance77. Volvo Vostok78. VTB 79. VTB Factoring80. VTB Leasing81. VTB SZRC82. VTB 2483. Western Union84. Zapsibcombank
85. Zenit
* - banks which provided only salary practices questionnaires
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PwC
Survey Schedule and Costs
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PwC
PwC Salary Survey PayWell 2016 Schedule
SP questionnaire filling in deadline
15.04.
Regional report15.09.
Moscow report31.08.
SD questionnaire filling in deadline
15.06.
February March April May June July August September
Registration of participants
Filling in Salary Practices questionnaires (SP)
Filling in Salary Data questionnaires (SD)
Salary Practices questionnaires checking
Salary Data questionnaires checking
Data processing and Report preparation
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PwC
PwC Salary Survey PayWell 2016 Cost (1/2)*
* Cost is indicated in US dollars net of VAT for Survey participants. Payment is made in Russian rubles at the rate of 70 rubles for 1 US dollar.** Cost is indicated for benchmarks by General market. Cost for peer group benchmarks should be indicated individually. 10
3 300$
Full package
(Moscow, Saint-Petersburg and 12 large cities data, 1 peer group for Moscow)
1 100$ Moscow salary data
950$Peer group, Moscow(in case of purchasing Moscow salary data)
1 500$Peer group, Moscow(without Moscow salary data)
500$ Saint-Petersburg salary data
400$ Peer group, Saint-Petersburg
1 100$Headcount benchmarks(10 general or 10 business functions)**
PwC
PwC Salary Survey PayWell 2016 Cost (2/2)Regional data*
KazanKrasnodarKrasnoyarskNizhny NovgorodNovosibirskOmskPermRostov-on-Don SamaraVladivostokVolgogradYekaterinburg
42 small cities12 large cities
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Large cities
Small cities
1 city(from 12 large cities) 300 $
1 city(from 42 small cities) 250 $
Package «Russia» (42 small cities) 7 500 $
Discount when buying 10 and more small cities 10 %
Discount when buying 20 and more small cities 20%
* Cost is indicated in US dollars net of VAT for Survey participants. Payment is made in Russian rubles at the rate of 70 rubles for 1 US dollar.
Arkhangelsk Astrakhan Barnaul Belgorod BlagoveshchenskBryansk CheboksaryChelyabinsk Irkutsk Ivanovo IzhevskKaliningrad Kemerovo Khabarovsk Kirov Kursk Lipetsk Murmansk Orel Orenburg Penza
PyatigorskRyazan SaratovSmolensk Sochi StavropolSurgut SyktyvkarTambov Tomsk Tula Tumen Tver Ufa Ulan-UdeVladimir Vologda Voronezh Yakutsk YaroslavlYuzhno-Sakhalinsk
PwC
PwC Salary Survey PayWell 2016 discount system*
10%
5%
5%
5%
10%
Salary Survey PayWell
2014 and 2015Participant
Salary Survey PayWell 2015
Participant
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Early payment (before 31 May)
Early payment (before 30 June)
Saratoga 2016
Participant
* 1. Discount «Saratoga 2016 Participant» can be added to other discounts2. Discounts «Early payment» and «Salary Survey PayWell Participant» do not sum up3. The maximum amount of the discount is 15 %
PwC
Questionnaires and Reports examples
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PwC
Salary Practices and benefits questionnaire
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PwC
Salary Data questionnaire
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Jobdescription
PwC
Report structure
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Salary practices and benefits report
PwC Labour market tendencies
Salary Data report
PwC
Salary practices and benefits report
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Salary Practices Moscow_2016
PwC
Target performance based bonus for 2015
(% Annual guaranteed pay)Other Allowances
10th 25th Median 75th 90th Average 10th 25th Median 75th 90th Average
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
Annual performance based bonus for 2014 results
(% Annual guaranteed pay)Annual Total Pay
10th 25th Median 75th 90th Average 10th 25th Median 75th 90th Average
% % % % % % 000 000 000 000 000 000 000 000 000 000 000 000
% % % % % % 000 000 000 000 000 000 000 000 000 000 000 000
% % % % % % 000 000 000 000 000 000 000 000 000 000 000 000
% % % % % % 000 000 000 000 000 000 000 000 000 000 000 000
% % % % % % 000 000 000 000 000 000 000 000 000 000 000 000
Salary Data report
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Job code Job Family Position
Annual guaranteed pay
(Base salary and guaranteed bonuses)
Annual performance based bonus for 2014
results (RUR)
10th 25th Median 75th 90th Average 10th 25th Median 75th 90th Average
BAN-AM-A-3iInvestment banking &
Asset management
Head of Asset
management000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
BAN-AM-A-4iInvestment banking &
Asset management
Supervisor/ Business unit
head , Asset
management
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
BAN-AM-A-4sInvestment banking &
Asset management
Supervisor / Business unit
head, Sales, Asset
management
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
BAN-AM-A-5iInvestment banking &
Asset management
Supervisor/ Business unit
head , Asset
management/Senior
portfolio manager
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
BAN-AM-A-5sInvestment banking &
Asset management
Supervisor / Business unit
head, Sales, Asset
management
000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
Salary Data Moscow_2016
PwC
PwC Labour market tendencies
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PwC
Contact information
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PwC
PwC Salary Survey PayWell 2016 Team
Elena Korneeva
Consultant+7 (495) 967-6000 (2656)
Nurida Kerimova
Consultant+7 (495) 967-6000 (3528)
Anna Tereshina
Consultant+7 (495) 967-6000 (2681)
Anastasia Petrovich
Senior Consultant+7 (495) 967-6000 (3592)
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This publication has been prepared for general guidance on matters of interest only, and does
not constitute professional advice. You should not act upon the information contained in this
publication without obtaining specific professional advice. No representation or warranty
(express or implied) is given as to the accuracy or completeness of the information contained
in this publication, and, to the extent permitted by law, [insert legal name of the PwC firm], 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.
© 2016 PwC Russia. All rights reserved. Not for further distribution without the permission of
PwC Russia. "PwC Russia" refers to PwCIL member-firms operating in Russia.
"PwC" is the brand under which member firms of PricewaterhouseCoopers International
Limited (PwCIL) operate and provide services. Together, these firms form the PwC network.
Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any
other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible
or liable for the acts or omissions of any of its member firms nor can it control the exercise of
their professional judgment or bind them in any way.
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