emea salary increase survey winter update · pdf fileemea salary increase survey winter update...

EMEA Salary Increase SurveyWinter Update 2014

ConsultingPerformance, Reward & Talent

About This Report We are pleased to present the results of our 2014 Salary Increase Survey - Winter Update, run in January 2014. In total we received responses from 45 countries, 315 organisations covering more than 2000 individual local country data submissions. We thank all participants for taking the time to complete the survey and our local market consultants for their time in collecting and quality assuring the results.

Aon Hewitt Compensation Consulting With surveys spanning 180 countries, over 6 million employees, and more than 700 positions, Aon Hewitt’s global compensation data provides organisations with the quality information they need for effective decision making. At Aon Hewitt, we help you drive business performance by maximising your investment in people. Our compensation solutions include:

� Total rewards strategy, design and communication � Broad-based pay analysis� Market pricing and measurement

� Salary structure development � Job evaluation � Pay equity ananlysis � Performance management design and implementation � Incentive and Recognition plan design � Salesforce compensation � Executive compensation analysis and consulting

To discuss how Aon Hewitt can help you improve compensation in your organisation, please contact:

Vincent Cornet Andrew MacLeod Marco [email protected] [email protected] [email protected]+33 1 47 83 13 90 +44 20 7086 9181 +49 89 88987-313

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Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo- Democratic Republic of, Congo- Republic of the, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Mauritania, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Rwanda, Samoa, Sao Tome & Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe

Setting the standard in global compensation benchmarks.

Total Compensation Measurement™

Aon Hewitt EMEA SIS Winter Update 20144

Contents

Central & Eastern Europe 5Overview of Survey Results 6 Participant Demographics by Industry 7 Overall Projections by Country 8 Overall Salary Increase by Country 8 Market Trends 9

Western Europe 12Overview of Survey Results 13 Participant Demographics by Industry 14 Overall Projections by Country 15 Overall Salary Increase by Country 15 Market Trends 16

Middle East 19Overview of Survey Results 20 Participant Demographics by Industry 21 Overall Projections by Country 21 Overall Salary Increase by Country 22 Market Trends 23

Participant List 26

Definition of Terms 32


Central & Eastern Europe


Central & Eastern Europe

Overview of Survey Results

Country Participating Organisations

Median Number of Full Time Employees

Median Annual Revenue (in EUR)

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine


Participant Demographics by Industry

Industry Percentage of Participation Number of Participants

Accounting / Consulting / Legal

Aerospace

Automotive / Vehicle Manufacturing

Banking / Finance

Building Materials

Business / Computer Services

Chemicals

Computers and Related Products

Construction / Engineering

Consumer Products-Durable Goods

Consumer Products-Nondurable Goods

Electronics / Electrical

Energy (Oil / Gas / Coal)

Entertainment / Communications / Publishing

Food / Beverage / Tobacco

Forest and Paper Products / Packaging

Health Care / Medical Services

Hospitality / Restaurants

Industrial Machinery / Equipment

Insurance - Life & Health

Insurance - Other

Insurance - Property&Casualty

Medical Devices / Products

Metal (fabrication)

Metals

Mining / Milling / Smelting

Multi-Industry

Other - Manufacturing

Other - Service

Pharmaceutical

Printing

Real Estate (Property)

Research / Development

Retail (incl. Wholesale & Distribution)

Rubber / Plastic / Glass

Telecommunications

Textiles / Apparel Manufacturing

Transportation Services

Total Central & Eastern Europe


Overall Projections by Country

Country 2013 Actual

2014 Projection

Summer 2013*

2014 Projection

Winter 2014*

Winter vs Summer Projection

(+/-)

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine* Projections are based on Excluding Salary Freezes and Pay Cuts

Overall Salary Increase by Country

Country General Increase Budget Merit Increase Budget Overall 2014 Actual Projection

Average Count Average Count Average Count

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine* Projections are based on Excluding Salary Freezes and Pay Cuts


Market Trends

Salary Freezes by Country

Country Considering Pay Freeze in 2014

Participants that revised 2014 Salary Budgets in the past 6 months?

Increased No Change Decreased

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine Salary Budget Setting

Country Companies’ Primary Consideration in Setting Salary Budgets

Market Competitive Business Performance

Track Inflation / Consumer Prices

Other

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine


Planned Recruitment

Country Planned Recruitment Activities for 2014 Relative to 2013

Hiring Freeze Decrease Remain the Same Increase

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine

Wage Bill Changes

Country Companies’ Wage / Salary Bill in 2014 Expected to

Decrease Remain the Same Increase

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine


Layoffs / Redundancies

Country Planned layoffs / Redundancies in 2014

Yes Under Consideration No

Bulgaria

Croatia

Cyprus

Czech Republic

Estonia

Greece

Hungary

Israel

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Ukraine

Western Europe


Western Europe





Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom





Aerospace


Banking / Finance

Building Materials


Chemicals














Insurance - Other



Metal (fabrication)

Metals


Multi-Industry


Other - Service

Pharmaceutical

Printing





Telecommunications



Total Western Europe



Country 2013 Actual

2014 Projection

Summer 2013*

2014 Projection

Winter 2014*


(+/-)

Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom

* Projections are based on Excluding Salary Freezes and Pay Cuts




Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom



Market Trends





Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom Salary Budget Setting




Other

Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom


Planned Recruitment



Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom

Wage Bill Changes

Country Companies' Wage / Salary Bill in 2014 Expected to


Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom



Country Planned layoffs/ redundancies in 2014


Austria

Belgium

Denmark

Finland

France

Germany

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom


Middle East & Africa


Middle East & Africa





Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey

United Arab Emirates





Aerospace


Banking / Finance

Building Materials


Chemicals














Insurance - Other



Metal (fabrication)

Metals


Multi-Industry


Other - Service

Pharmaceutical

Printing





Telecommunications



Total Middle East & Africa



Country 2013 Actual

2014 Projection

Summer 2013*

2014 Projection

Winter 2014*


(+/-)

Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey






Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey




Market Trends





Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey


Salary Budget Setting




Other

Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey



Planned Recruitment



Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey


Wage Bill Changes

Country Companies' Wage / Salary Bill in 2014 Expected to


Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey




Country Planned layoffs / Redundancies in 2014


Bahrain

Egypt

Kenya

Kuwait

Mauritius

Morocco

Oman

Qatar

Saudi Arabia

South Africa

Turkey


Participant List


Participant List Central & Eastern Europe - Company List

Abbott GmbH & Co. KG FM Global Printpack, Inc.

AbbVie Biopharmaceuticals Fortum Oyj Qualcomm, Inc

ADP FRHI Hotels & Resorts Rabobank International

Air Canada GasLog Ltd Ralph Lauren

Air Products plc General Mills Hellas Reed Elsevier

airBaltic Corporation Genworth Financial Repsol

Akamai Technologies Habasit AG RS Components

Alstom HB REAVIS Slovakia a.s. RWE AG

American Express HERACLES G.C.C. S&B Industrial Minerals S.A.

AmRest Sp. z o.o. Honeywell SAP AG

AREVA IMS Health schneider electric

Barclays Wealth and Investment Management

Infineon Technologies AG Schreiber Foods Inc

Bayer InterContinental Hotels Group Servier s.r.o.

Becton Dickinson International Personal Finance Sigma-Aldrich Chemie

BHP Billiton Jaguar Land Rover Solar Turbines, Inc.

BMW Group Johnson Controls Sony Pictures Entertainment

Borealis AG Johnson Controls Inc. SOS electronic

Brunswick Johnson Electric Industrial Manufactory Limited

SRG Global

Caterpillar Inc. Kellogg Rus TE Connectivity

CGG Kompania Piwowarska S.A. Tellabs

CIMA KWB GmbH THALES

Coats plc Level 3 Communication The TJX Companies, Inc

Coca-Cola Enterprises, Inc L'OREAL HELLAS The Walt Disney Company

Colt Technology Services LSEZ Trelleborg Wheel Systems Toys R Us

CooperVision Inc. LUBRIZOL CORPORATION TRW Automotive GmbH

Core Laboratories Marks and Spencer T-Systems International GmbH

Corning McDermott International TTM Technologies

CSC MDA UCB

Cytec Industries Inc Medicover UL LLC

Deutsche Telekom AG Medtronic Umicore AG & Co. KG

Discovery Commmunications MetLife United Airlines, Inc.

Dixons Retail MicroStrategy Velti

E.On E&P Moody's VETOQUINOL

eBay, Inc Nagra - Kudelski Group Villeroy & Boch AG

ELBISCO S. National Instruments Waters Corporation

ELBISCO S.A Nokia Solutions and Networks WNS

Energizer Group Polska orange sa WNS Global Services Pvt. Ltd.

EON SE ORIFLAME HELLAS LTD Xilinx

Erste Group PAREXEL International Zimmer GmbH

Flextronics Parmalat S.p.A.

Fluor PIERRE FABRE


Western Europe - Company List

3663 British Airways Danwood

3M Österreich GmbH Brunswick DASSAULT AVIATION

A2dominion BT (Germany) Debenhams plc

Abbott GmbH & Co. KG BTC AG Dentons UKMEA LLP

AbbVie Biopharmaceuticals Bupa Deutsche Telekom AG

acens technologies sau Cambridge University Press Diageo

ADISSEO FRANCE SAS Cancer Research UK Discovery Commmunications

Aditi Technologies Pvt ltd Cardtronics USA Dixons Retail

ADP Carl Zeiss DONG E&P Norge AS

Ageas Carl Zeiss (Shanghai) Co.,Ltd DORNA SPORTS SL

Air Canada carslberg sverige ab DP World

Air Products plc CASTORAMA France DRESSER-RAND

Akamai Technologies Caterpillar Inc. DuPont de Nemours

Akzo Nobel Sweden CEGID Dwr Cymru Welsh Water

Allianz Asset Management AG CGG E.On E&P

Alstom Changan UK R&D Centre eBay, Inc

Amadeus SAS Chubb Insurance Company of Europe EDF Energy

American Airlines CIMA Emdalo Technologies Limited

American Express Circle Housing Group EMERSON PROCESS MANAGEMENT SAS

Angel Trains Ltd Coats plc Enterprise Rent-A-Car

AREVA Coca-Cola Enterprises, Inc EON SE

Arup Cognita Schools Eppendorf AG

AT&S AG Austria COLOMER Equity Insurance Management Ltd

Atkins Colt Technology Services Eramet

Atlantic Computer Sciences España, S.A. (CSC) Erste Group

AVEVA Soultions Ltd connectis AG Eurofoam Deutschland GmbH Schaumstoffe

AXA Winterthur CooperVision Inc. Family Mosaic

Balfour Beatty Services Coral Racing Limited Ferring

Bank of Ireland Group Core Laboratories Fidessa PLC

Barclays Wealth and Investment Manage-ment

Corning FitFlop

BASE Company Cott Beverages Ltd Flexera Software LLC

Becton Dickinson CRH Swiss Distribution Flextronics

Beiersdorf Croner Reward Fluor

Beiersdorf, Northern Europe CRUPE International Ltd FM Global

BHP Billiton CSC Fortum Oyj

BMW Group CTS EVENTIM AG FRHI Hotels & Resorts

BNP Paribas Real Estate UK Cytec Industries Inc Genworth Financial

Borealis AG Dairy Crest GLOBALFOUNDRIES Management Services LLC & Co. KG

Brett Group DALLANT S.A. GMC



Grosvenor LUBRIZOL CORPORATION Printpack, Inc.

H. Lundbeck A/S Lummus Novolen Technology GmbH Qualcomm, Inc

Habasit AG Macmillan Publishers Ltd Rabobank InternationalHain Daniels Manpower France Ralph LaurenHammerson Marks and Spencer Reed ElsevierHeathrow Limited Marquardt GmbH Renesas Electronics Europe GmbHHeineken UK Ltd Mars UK RepsolHewlett Packard Española McDermott International Rexel UK LimitedHONDA MOTOR EUROPE Ltd MDA RS ComponentsHoneywell Medtronic RWE AGHozelock Ltd MetLife S&B Industrial Minerals S.A.Huntsman Microsoft Deutschland GmbH SABIC Polyolefine GmbHHyder Consulting (UK) Limited MicroStrategy SABMiller plcHydrasun Limited Mondelez Saint-Gobain

ICAS Moody's Sanofi

Imagination Moria SA sanofi italia

IMS Health Multimatic Inc SAP AG

IncrediBull N Brown Group PLC Schaeffler (UK) Ltd

Infineon Technologies AG Nagra - Kudelski Group Schaeffler AG

InterContinental Hotels Group National Grid schneider electric

International Personal Finance National Instruments Schreiber Foods Inc

Intrawest Neopost Ltd Seloger.com

Jaguar Land Rover NG Bailey SFR

JD Williams % Co Ltd (N Brown Group PLC) NNIIT A/S Shure Incorporated

JLC Supply Chain Service Management Co.,ltd

Nokia Solutions and Networks Siemens Healtcare Diagnostics GmbH

Johnson Controls Novae Group Plc Sigma-Aldrich Chemie

Johnson Controls Inc. NuStar Siltech Corporation

Johnson Electric Industrial Manufactory Limited

Oil Spill Response Singapore Telecommunications Ltd

Johnson Matthey plc Oracle Italia Skanska Sverige AB

Kallo Foods Ltd orange sa Smith Anderson Group Ltd

Kellogg Oxford Immunotec Ltd Sodexo

K-NSI Co Ltd PA Consulting Software AG

Kodak, S.A. PAREXEL International Solar Turbines, Inc.

Kohler Parmalat S.p.A. Somfy

KWB GmbH Pearson Sony Pictures Entertainment

KYOWN GROUP Peugeot Citroen Automobiles UK Ltd SRG Global

Lee Kum Kee International Holdings Limited Philips Stadtsparkasse Düsseldorf

Lend Lease PIERRE FABRE Stanford University

Level 3 Communication Post Office Swisscom AG

London Clubs International Preem AB TE Connectivity



Telefonica Germany GmbH & Co OHG T-Systems Ltd Vopak Sweden AB

Telia Denmark TTM Technologies Waters Corporation

Tellabs Ubisoft Wolfson Microelectronics plc

THALES UCB WWRD

the bristol port company UL LLC Xilinx

The Midcounties Co-operative Umicore AG & Co. KG Zebra Technologies Europe Limited

The Pampered Chef Union Investment (Union Asset Management Holding AG)

Zimmer GmbH

The TJX Companies, Inc United Airlines, Inc.

The Walt Disney Company United Response

TMMF University of Birmingham

TORRASPAPEL, S.A. veolia

TOTAL S.A. Vernalis

Toys R Us VETOQUINOL

Transeuropean Centre Ltd Villeroy & Boch AG

TransportGruppen Vodafone GmbH

TRW Automotive GmbH Voith Corporate Management (Shanghai) Co., Ltd.

T-Systems International GmbH Volantis Consulting Ltd


Middle East & Africa - Company List

Abbott GmbH & Co. KG FRHI Hotels & Resorts RS Components

AbbVie Biopharmaceuticals Gates Engineering & Services RWE AG

ADP Genworth Financial S&B Industrial Minerals S.A.

Air Products plc GLOBALFOUNDRIES Management Services LLC & Co. KG

SAP AG

American Express Habasit AG Schaeffler Korea

Arab Engineering &Distribution Co. S.A.E.

Honeywell schneider electric

AREVA Hyder Consulting (UK) Limited Sigma-Aldrich Chemie

Arup Imagination Singapore Telecommunications Ltd

Ausenco IMS Health Solar Turbines, Inc.

AW Rostamani Holdings InterContinental Hotels Group Sony Pictures Entertainment

Barclays Wealth and Investment Management

Jaguar Land Rover Stanford University

Bayer Middle East Jindal Steel & Power Ltd TE Connectivity

Becton Dickinson Johnson Controls Inc. Tellabs

BHP Billiton Lend Lease THALES

BMW Group London Clubs International The Walt Disney Company

Borealis AG Marks and Spencer TNA

Brunswick McDermott International T-Systems International GmbH

Cambridge University Press MDA UAE University

Caterpillar Inc. Medtronic UCB

CEGID MetLife UL LLC

CGG MicroStrategy Umicore AG & Co. KG

CIMA MMI & ELR United Airlines, Inc.

Cleartrip Moody's WNS

Coats plc National Instruments Zimmer GmbH

CooperVision Inc. Nokia Solutions and Networks

Core Laboratories NuStar

Corning Oil Spill Response

CSC PA Consulting

Cytec Industries Inc PAREXEL International

Discovery Commmunications Parmalat S.p.A.

DOCOMO interTouch Pte Ltd PepsiCo

eBay, Inc PIERRE FABRE

EMIRATES NATIONAL OIL COMPANY Qatargas Operating Company Limited

Flextronics Qualcomm, Inc

Fluor Rabobank International

FM Global Ralph Lauren

Fortum Oyj Reed Elsevier

Franklin Templeton Investments Renesas Electronics Europe GmbH


Definition of Terms

The following provides brief definitions of terms used throughout this report:

General Salary Increase Budget: The amount of any across-the-board increases including mandatory increases given to all employees in a classification, without consideration to performance. This would include general lump sum payments and cost-of-living allowances (COLA). The budget percentage is calculated by dividing the sum of increases granted/anticipated in the year, divided by the total salaries of all eligible employees, whether or not they received a non-merit increase.

Merit (Performance-Related) Increases: This is a variable rate increase, which is granted to an employee based on his individual performance. The budget percentage is calculated by dividing the sum of increases granted / anticipated in the year, divided by the total salaries of all eligible employees, whether or not they received a merit increase.Include your Promotions and Exceptions budget in this figure.

Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo- Democratic Republic of, Congo- Republic of the, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Mauritania, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Rwanda, Samoa, Sao Tome & Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe

Setting the standard in global compensation benchmarks.

Total Compensation Measurement™

www.aonhewitt.com www.globalcompensation.net

About Aon HewittAon Hewitt is the global leader in human resource solutions. The company partners with organisations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.

Nothing in this document should be treated as an authoritative statement of the law on any particular aspect or in any specific case. It should not be taken as financial advice and action should not be taken as a result of this documentation alone. Individuals are recommended to seek independent financial advice in respect of their own circumstances.

© 2014 Aon Plc

Aon Hewitt Limited is authorised and regulated by the Financial Services Authority. Registered in England & Wales. Registered No: 4396810. Registered Office: 8 Devonshire Square, London EC2M 4PL.

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