CLUB SURVEY 2015 INSURANCE ARGENTINA

Transcription

1 CLUB SURVEY 2015 INSURANCE ARGENTINA

2 INSURANCE CLUB SURVEY 2015 THE KEY TO DEVELOPING COMPETITIVE INSURANCE INDUSTRY-SPECIFIC COMPENSATION & BENEFITS PACKAGES With the objective of satisfying the needs of HR professionals from the insurance industry, to optimize the management of their compensation strategies and achieve external competitiveness and internal equity, Mercer presents the Insurance Club Survey. This survey is being developed for the 10th consecutive year, with 36 insurance companies participating and about 250 job positions analyzed at different hierarchical levels and areas within the organization. WHAT ARE THE ADVANTAGES OF THE INSURANCE CLUB SURVEY FOR YOUR COMPANY? Better understanding of the responsibilities of each job. An industry-specific catalogue is provided. Competitiveness evaluation for every item in the total remuneration package, in relation to the insurance industry. Salary increase information based on market practices, for better planning. Ability to compare against all companies in the insurance market or against a specific segment. To focus HR staff in your company on more strategic activities, with less time spent on salary and benefits administration. Access to reliable and up-to-date market data, including long-term incentives analysis and benefits quantification. Access to reports and statistics tailored to your needs, with a database composed of 36 insurance companies. Access to market information at any time and place, through an online tool. One registration to both HR Forums (April and September) at no charge. METHODOLOGY To facilitate the analysis of the survey, Mercer presents the results in two different ways: Traditional - Jobs are compared by matching the insurance industry s role against the equivalent Mercer job classification. Job Evaluation - All positions are analyzed using a specific grading system to define the values in relation to the positions (Mercer system IPE v3.1). TOTAL REMUNERATION ANALYSIS Mercer s methodology analyzes the total remuneration in 6 levels. BASE SALARY 12 MONTHS Monthly base salary multiplied by 12 months ANNUAL BASE SALARY Base salary 12 months + Christmas bonus TOTAL ANNUAL GUARANTEED COMPENSATION Annual base salary + other guaranteed fixed allowances TOTAL ANNUAL CASH COMPENSATION Total annual guaranteed cash compensation + short-term incentives TOTAL ANNUAL CASH COMPENSATION AND LONG-TERM INCENTIVES Total annual cash compensation + long-term incentives ANNUAL TOTAL REMUNERATION Annual total cash remuneration and long-term incentives + benefits and perquisites 2

3 COVERAGE The catalogue includes approximately 250 benchmark positions of all hierarchical levels (from CEO to Administrative Assistant) in different areas of the company: Actuarial Technique Administrative Staff Auditing Claims Commercial Finance General Services Administration Human Resources Institutional Marketing WHAT DO YOU RECEIVE? IT Labor Risk Insurance Company Legal Management and Operations Marketing and Products Telemarketing and Call Center Underwriting Online access - Data is delivered online through Mercer WIN, accessible anywhere, anytime. Fully customized searches and statistics according to your individual needs, enabling you to instantly compare your organization s data against the market. Survey overview - A general review of typical salary practices and compensation mix, employment trends and other economic indicators related to HR management. Benefits & prevalence summary - Information on short and long-term incentive awards and benefit practices, such as company car, pension and medical insurance. Actual market data - Detailed market analysis of individual positions within job families, helping you to determine which positions or families are paid either above or below general market levels. Market regression - Regression statistics and graphs segmented by Mercer position class (IPE job level) and functional area (e.g. Finance, Human Resources) for each of the major components of total remuneration. Customized analysis - You can generate customized statistics tailored to your needs, based on peer groups, revenue size, headcount and more, using Mercer WIN. 3

4 MERCER WIN MERCER WORKFORCE INTELLIGENCE NETWORK MERCER WORKFORCE INTELLIGENCE NETWORK Mercer WIN provides a single-point access to Mercer s unparalleled survey data and analytics. With Mercer WIN, you will be able to easily find and turn large amounts of data into compensation and other HR-related reports. You will no longer have to go through lots of information stored in different places and formats to make key business decisions; with Mercer WIN, you can access the data and tools you need in just one place. MERCER WIN HAS ROBUST AND FLEXIBLE FUNCTIONS THAT ALLOW FOR: Quick access to online information through simple and friendly functions MERCER WIN SCREENS Simultaneous comparison and analysis of data by industries, regions and countries Multi-market detailed analysis in a single screen Analysis and comparisons of structures by job, family, career, level and position against the market Creating customized graphs and reports with just one click Reports and analysis easily shared in real time over the network 4

5 SCHEDULE Deadline to participate Effective date for data Survey results SURVEY May/2015 May/2015 August/2015 PRICE SURVEY Insurance Club Survey Update + Peer Cuts + Mercer WIN Tool Training + Registration to the HR Forum Participant USD$ 2,400 Non Participant USD$ 7,200 Note: Prices do not include VAT. CONFIDENTIALITY All information collected will be treated under the high international standards of ethics and confidentiality regularly practiced by Mercer in order to guarantee that the statistical data will be presented in such a manner as to prevent recognition of individual company information. DATABASE PARTICIPANTS INSURANCE CLUB SURVEY Ace Allianz Asociart Assurant Banco Hipotecario Seguros BBVA Consolidar Binaria Seguros Cardif Chubb CNP Galicia Seguros Gamasi Generali La Caja La Mercantil Andina La Meridional Integrity IRB Seguros Mapfre Marsh Met Life Nación Seguros New York Life Provincia ART Orbis Prudential QBE Art Royal & Sun Alliance San Cristóbal Sancor Seguros Segunda Seguros Swiss Medical Life Swiss Medical Seguros Zurich CONTACTS VALERIA BRINATTI - Tel: (54-11) valeria.brinatti@mercer.com CARLA BESSEGA - Tel: (54-11) carla.bessega@mercer.com VALERIA BOHÓRQUEZ - Tel: (54-11) valeria.bohorquez@mercer.com 5

6 For further information, please visit or contact us at in Argentina or via at Argentina Australia Austria Belgium Brazil Canada Chile China Colombia Denmark Finland France Germany Hong Kong India Indonesia Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Norway Peru Philippines Poland Portugal Saudi Arabia Singapore South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey United Arab Emirates United Kingdom United States Venezuela Mercer Av. L. N. Alem 855 piso 12 Torre Alem Plaza (C1001AAD), Argentina Tel: (54-11) Fax: (54-11) Copyright 2015 Mercer LLC. All rights reserved.