Overview
Advantages
- Better understanding of the responsibilities for each job. An industry catalogue is provided.
- Competitive evaluation for every item in the total remuneration package, in relation to the banking industry.
- Salary increase information based on market practices, for better planning.
- Ability to compare against market (banking industry) or against a specific segment.
- HR focus on value added activities, such as strategic planning, with less time spent on salary and benefits administrative tasks.
- Access to reliable and up to date market data, including long term incentives analysis and benefits quantification.
- Access to reports and statistics ad-hoc to your needs.
- Access to market information at any time and place through an online tool.
Methodology
Mercer presents this survey’s results using two different approaches
-
Traditional: comparison done by identifying the Banking industry equivalent in Mercer’s job catalogue.
- Job pre-evaluation: all positions are analyzed using a system which delimitates the job responsibilities in relation to the job titles (Mercer system IPEv3.1)
Total Compensation Analysis
Mercer´s methodology analyzes the total remuneration in 6 levels:
- Base salary = Base salary multiplied by 12
- Base annual salary= Base salary + Christmas bonus (multiplied by 13)
- Total guaranteed cash compensation = Base salary plus guaranteed allowances
- Total cash compensation = Total guaranteed cash compensation plus short-term incentive, sales incentive, profit sharing or other incentive awards
- Total direct compensation = Total cash compensation plus long-term incentive awards, valued using Black-Scholes methodology for appreciation-based awards
- Total remuneration = Total direct compensation plus benefits and perquisites.
Coverage
The catalogue includes approximately 500 positions from all levels (from Analysts up to CEOs) in different areas of the company:
- Administration
- Asset management
- Investment banking
- Wholesale banking
- Retail banking
- Call center
- Finance
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- Corporate finance
- IT
- Legal
- Marketing
- Operations
- Personal banking
- Middle market
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- Strategic planning
- Private banking
- HR
- Credit and risk
- Treasury
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Results Presentation
Results are delivered via Mercer WIN®, interactive tool that allows access to the Club survey results and enables you to:
- Process the total sample of companies and one defined sample by company
- Generate ad-hoc unlimited reports (by job title, compensation level, etc.)
- Do job groupings for better reporting
- Export results to Excel
- Update data by index, both your company’s and the market’s data
Click here for a Mercer WIN® demo:
www.imercer.com/win.
Schedule
| Survey |
| Deadline to participate | May 2018 |
| Effective date for data | May 2018 |
| Survey results | September - October 2018 |
Contacts