McDonald Upstream Oil & Gas Industry

Transcription

1 Aon Hewitt Talent, Reward & Performance McDonald Upstream Oil & Gas Industry Remuneration Report (Australasia) Information pack 2016 Risk. Reinsurance. Human Resources.

2 159 positions from Data in this report covers 20 organisations McDonald Upstream Oil & Gas Industry Remuneration Report 2015 The McDonald Upstream Oil & Gas Industry Remuneration Report is one of a suite of McDonald surveys which have been the leading source of remuneration data for the resources industry for more than 25 years. Aon Hewitt is calling for subscriptions to join the leading remuneration report in Australasia, for the upstream oil and gas industry The McDonald Upstream Oil & Gas Industry Remuneration Report provides Directors, Remuneration Committees, Executive Management and Remuneration Practitioners of participating organisations with accurate and comprehensive data and reliable analyses of remuneration for key personnel in the industry. The report includes onshore, offshore and coal seam gas explorers and operators and is the largest and most comprehensive for this sector in Australia. Participants in the October 2015 remuneration report included: BP Australia Pty Ltd Chevron Australia Pty Ltd ConocoPhillips Australia Pty Ltd Exxonmobil INPEX Corporation Woodside Petroleum Ltd This report is produced on a biannual basis inapril and September each year. 2

3 Why participate in a McDonald remuneration report? As a McDonald remuneration report subscriber you will have access to the very latest market data to ensure informed salary decisions within your organisation. Along with Aon Hewitt s high level of client service, your remuneration report subscription includes: Online remuneration data through Data Centre that can be filtered according to your needs. With enhanced data visualisation, individual report dashboards and real-time polling and updates, Aon Hewitt s Data Centre is at the forefront of online remuneration analytics. Comprehensive coverage with data on all major elements of the remuneration package; salary, benefits and both short and long-term incentives. Historical coverage of actual salary movements, as well as forecasts for the coming year. Career level data that provides separate remuneration tables for each job family, which can be used to enhance job matching, or as an alternative source of data for non-standard positions. Staying informed of market movements is critical to ensure your reward strategies are meeting your business needs whilst minimising costs. The money spent on a remuneration report subscription can be made back many times over in savings through optimising total reward spend and retaining key talent. Attendance at remuneration forums, complimentary events that provide a chance to discuss and critically evaluate data findings and market trends and network with industry peers. Easy access to relevant economic indicators via Data Centre. Invitation to participate in the annual Resources Policy and Practice Report that provides insights into how organisations structure their site remuneration benefits, including accommodation, rosters and uplifts. Invitation to participate in the annual Aon Hewitt Policy and Practice Report that provides access to quantitative and qualitative information which supports the review and design of total reward programs. From year to year we see many variations in the way organisations reward their employees. Some positions begin attracting a significantly higher rate of pay whilst others drop, as supply and demand for various skill-sets shift and change. As circumstances change organisations adjust their reward packages to get the most out of limited salary budgets. 3

4 Job families surveyed Job family: Corporate Administration Commercial Document Control Environmental Affairs External Relations; Govt/Community Affairs Finance & Accounting Health & Safety Human Resources Information Technology Legal Supply Chain Job family: Drilling & Completions Completions Engineering Drilling & Completions Management Drilling Engineering Job family: Geoscience Exploration Management Geology Geophysics GIS Petrophysics Reservoir Engineering Job family: Operations Maintenance Operations Management Petroleum Engineering Process Engineering Production Job family: Operations - Support Services Administration Environmental Affairs Health & Safety Human Resources Supply Chain 4

5 Data submission The provision on your organisation s remuneration data is a condition of participation in Aon Hewitt remuneration reports. This ensures the veracity of the data provided in the remuneration report. Our customised data input software Rapid Rem makes submitting remuneration data a simple process. Aon Hewitt also provides participants the support of a dedicated remuneration analyst, who can assist with submitting your data and interpreting the report results. 5

6 Sample position description Position title Senior Exploration Geologist Position code MCA_00742 Career level 4 Responsible for This position is responsible for the identification and generation of viable oil and gas exploration drilling prospects resul ting in the discovery of new reserves Reports to Principal Exploration Geologists or Exploration Manager depending on size of organisation Supervises Experienced Exploration Geologists and Graduate Geoscientists Main activities Generating well proposals and evaluation reports Supervision of geophysical and geochemical surveys Liaison with drilling and reservoir engineers to plan well trajectories/well design for exploration and appraisal drilling Integrating existing and new well and seismic interpretations into regional and prospect assessments and databases Providing input to reservoir delineation, resource assessment, geological modelling and field development planning 3D static monitoring for dynamic simulation Evaluating data and calculation of hydrocarbons in place Recommending geological studies Production of technical reports for the Company, joint venture partners and government departments Typical experience Incumbents normally hold a tertiary degree in geology. 8 to 10 years professional experience Comments May supervise small teams of field-based professionals. May supervise small teams of field-based professionals 6

7 Remuneration data Position title Senior Exploration Geologist Position code MCA_00742 No. of incumbents 46 Career level 4 No. of organisations 13 Percentiles Remuneration Component % Rec Average % of FR 25th 50th 75th Nominal Base Salary (NBS) 100% 222,769 82% 197, , ,133 Company superannuation on fixed remuneration* 100% 27,124 10% 23,714 27,690 31,393 Car allowance/company car/novated lease 46% 26,547 10% 25,000 25,000 30,000 Annual leave loading 46% 3,232 1% 2,664 2,896 3,084 Health insurance 13% Market premium 2% Other benefits /other cash 76% 5,203 2% 1,500 5,300 8,615 Remuneration (excludes uplifts) 100% 268,586 99% 239, , ,522 Commute Uplift 2% Overtime Uplift Role Uplift Shift Uplift Site Uplift Fixed Remuneration (FR) ** 100% 270, % 239, , ,894 Target Incentive 67% 32,239 12% 17,802 22,070 47,321 Target Annual Remuneration (TAR) 100% 292, % 271, , ,709 Long-Term Incentive 39% Target Total Remuneration (TTR) 100% 295, % 272, , ,933 Actual Short-Term Incentive 74% 29,456 11% 20,086 23,751 39,707 Actual Annual Remuneration (AAR) 100% 292, % 268, , ,413 * Excludes super on STI. ** Includes super on uplifts. SAMPLE DATA ONLY Please refer to Data Centre for statistics on the following: State No. of Org s NBS FR AAR New South Wales 2 Victoria 1 Queensland 2 South Australia 1 Western Australia 1 222, , ,646 General roster panel No. of Org s NBS FR AAR 5/ , , ,759 Even 1 Work environment work pattern No. of Org s NBS FR AAR Offshore Shift - Cont 1 Onshore Day 2

8 About Aon Hewitt s Reward practice Aon Hewitt provides expert advice and innovative solutions to assist organisations with all areas of remuneration management. With a reputation for excellence and integrity, we are the primary source of remuneration information and advice for entire industries, as well as individual organisations of all sizes. Our clients Over eight hundred organisations throughout Australasia and across various industry sectors use Aon Hewitt s products and services, ranging from small to large local firms through to the largest multinationals. Our people Aon Hewitt is a team of knowledgeable, experienced, passionate, creative and energetic people who thrive on exceeding client expectations, providing expert advice to organisations, and leading the market in the design and development of innovative remuneration solutions, products, training and technology. 8

9 Our technology The Aon Hewitt Data Centre is an innovative, intuitive platform allowing you to access exactly the data you need quickly and easily, on your PC or mobile device. Data Centre provides remuneration report data visualisation, individual dashboards, position description matrix views and real-time polling and updates. In addition, functionality includes: Advanced filtering: enables you to filter data by multiple options including organisation size (headcount/revenue), location, work patterns, rosters and work environment. Peer cut: enables you to filter data by a select group of report participants to ensure alignment in a competitive talent market. Compa-ratio reports: enables you to review how your employees compare to market data. We pride ourselves on outstanding customer service and our ability to tailor solutions that are aligned to your remuneration needs and contribute to the success of your business. Age data: enables you to age the data to ensure you are future proofing projected remuneration movement in the near future. Create custom position(s): enables you to combine multiple roles where there is no current market data for hybrid/mixed positions. 9

10 Our services Remuneration consulting services Remuneration and benefits strategy design Remuneration structures/systems Policy development and review Job analysis Position description writing Remuneration benchmarking Customised market surveys Job pricing Performance pay plan design and review Salary budget planning and reviewing the remuneration environment Salary review assistance Remuneration outsourcing Employee opinion surveys Survey services Industry-specific and general industry salaries and benefits surveys Customised salary surveys tailored to individual organisations needs HR benchmarking and remuneration policy and practice survey reports Access to international market data Survey forums Training services Public training seminars ranging from a basic introduction to remuneration through to advanced remuneration theory and practice topics Customised in-house remuneration training, designed to meet specific organisational requirements and conducted on client premises Access to comprehensive HR reference manuals Remuneration mentoring Executive remuneration services Executive benchmarking Long and short term incentive design Providing remuneration advice and recommendations to Boards of Directors For further information regarding the McDonald Upstream Oil & Gas Industry Remuneration Report, or to participate, please contact: Steph Drury t m e steph.drury@aonhewitt.com

11 Contacts For further information regarding this remuneration report, please contact Steph Drury or Jenny Bertucci directly: t m e steph.drury@aonhewitt.com t m e jenny.bertucci@aonhewitt.com Sydney Level 33, Aon Tower 201 Kent Street Sydney NSW 2000 t f Melbourne Level 51, 80 Collins Street Melbourne Vic 3000 t f Brisbane Level 2, 175 Eagle Street Brisbane Qld 4000 t f Perth Level 7, 28 The Esplanade Perth WA 6000 t f About Aon Hewitt Part of Aon plc, Aon Hewitt is the global leader in human resource consulting and outsourcing solutions. Our services focus on helping organisations mitigate risk in their workforce and realise the untapped potential of their employees. We also help individuals maximise their wealth to enable people to live the life they want. In Australia, our team of experts partner with your organisation to develop and deliver people strategies that achieve positive business outcomes in the areas of: superannuation and retirement; financial advice; workers compensation; work, health and safety; workforce risk solutions; employee benefits; talent, leadership and employee engagement; remuneration and incentives; total rewards; actuarial services; and mergers and acquisitions. With more than 30,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. Aon Hewitt is the global talent, retirement and health solutions business of Aon plc. For more information on Aon Hewitt, please visit aonhewitt.com.au.

12 About Aon Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon s global partnership and shirt sponsorship with Manchester United Aon Hewitt Limited Terms and conditions Please note: Aon Hewitt is still trading as Hewitt Associates in Australia. Hewitt Associates reports of salary and benefits are produced and issued under the following conditions. Confidential and copyright Hewitt Associates Remuneration Reports are confidential and copyright. Contributors may only use the reports within their own organisations and are not to convey the contents to any third parties. Contributors may not photocopy or reproduce by any other method, the contents of the reports extra copies may be purchased at nominal extra copy cost rates. Hewitt Associates Remuneration Reports are contributor only reports. Contributors are required to supply accurate salaries and benefits data by the due dates which are outlined in our annual planners. Disclaimer/limitation of liability This Remuneration Report is designed to provide a summary of pay rates as at the date of publication. The report does not purport to be conclusive or to provide specific guidelines. No responsibility can be accepted by Hewitt Associates for loss occasioned to any person acting or refraining from acting as a result of any statement in this publication. This Remuneration Report has been produced using contributors data that, to the best of Hewitt Associates knowledge, was current and correct at the time of publication. Whilst considerable lengths have been taken to verify all contributors data, Hewitt Associates gives no guarantee as to the accuracy or validity of the information contained herein, nor its applicability to any specific circumstances. The Remuneration Report is intended as a guide only and Hewitt Associates will not be liable to any person for any claim or loss as a result of any actual or perceived inaccuracy contained in the report. Hewitt Associates privacy policy Hewitt Associates has had a long standing commitment to respecting the privacy of the information entrusted to it by clients and others. This commitment has ensured the ongoing success of our business and our clients ongoing support of our products and services. Our formal Privacy Policy document explains Hewitt Associates commitment to comply with the Privacy Act 1988 (Cth) and how we collect, use, disclose and protect the information we collect from our clients. To view this policy document, please go to our website aonhewitt.com.au for further information. A0283_1040H C aonhewitt.com.au Risk. Reinsurance. Human Resources.