The Watson Wyatt / LMO General Industry Compensation Survey has been designed to assist the Human Resource Professional to benchmark general staff positions against a national norm of leading organisations. To help you compare your employees’ earning (fixed and variable) against competitive organisations and comparable functional areas. To identify current market practices.

The survey solution is driven by the participants, facilitated and supported by LMO and backed by Watson Wyatt systems & technology. This ensures that the participants’ requirements are met.

The survey covers around 200 positions, in different job families as well as an in-depth analysis of HR policies, practices and trends.

Job Matching

Jobs may by matched on Job family and sub group – all major functional areas are covered, and or level as determined by the Watson Wyatt Global Grading – ensuring market rates can be determined for a range of typical positions i.e. Finance, HR, Marketing etc. The underpinning methodology that ensures valid job matches across functions and organizations is the Global Grading process that is quick yet effective in its application. It provides a transparent audit trail determining the sizing of jobs relative to their knowledge, skills and competencies and to the size and complexity of the organization. An unique characteristic is that it provides for a dual career ladder (management and technical/specialist/professional). A separate project fee will be charged for the implementation of Global Grading.

Scope

The Watson Wyatt/LMO General Industry survey covers most positions from management to the lowest level in the organization, including pre- and post sales & support, indirect/channel partner sales, bid management, business/alliance development, customer services (field & telephonic support), technical & non-technical support, business & technical consulting, systems engineering, research & development, QA, etc. It also cater for support functions such as logistics, purchasing, human resources, finance, legal, admin, etc. reducing the need to participate in too many different surveys.

Survey Content

Remuneration components: Annual Basic Salary, Guaranteed Remuneration, Total Package and Total Target Package with details on actual and target variable pay, car allowance values, company contribution to medical aid and retirement funding, other cash and non-cash payments. A graphical representation of your data vs the market is included on every position where you provided data.

Policies, practices and trends: A comprehensive coverage of issues linked to remuneration is analysed and reported.

Modus Operandi

On confirming of participation, LMO will spend time with the organization understanding the organizational structure, its size and complexity and assist new survey participants with job matching and submission of data.

Timing

The survey is published annually. The next survey report will be published in October 2009 (salary data as at April 2009).

Contact

For further information please contact Melanie Trollip

• Telephone: +27 11 678 1158
• e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it