Total Rewards Survey

Research

	Research
	Research Reports
	WorkAsia™

Get value for value: Be a winner with our Total Rewards Survey!

Watson Wyatt’s Total Rewards Survey continues to provide unparalleled service to free you from unnecessary second-guessing. With an unmatched market expertise backed by an ever-expanding pool of resources, we answer the question of what you need and how you need it.

What exactly is it that our company needs?

The dynamics of a changing economy underline the need for organizations to move in sync within a rapidly changing business environment. To adapt well to the times and keep ahead of the competition, companies need up-to-date market information on employment practices and people management. Watson Wyatt’s Total Rewards Survey or TRS is your organization’s primary step in making that critical decision.

The TRS is a study of Compensation and Benefits programs among major companies in the market. Our report details market remuneration packages for a wide range of benchmarks, from Chief Executive down to entry level clerk across a broad spectrum of job families in the Philippines. We follow a total remuneration approach, a tested and accepted method in which major benefits and perquisites are quantified and undergo rigorous checking to ensure validity and reliability of data.

What’s in store for us as a TRS subscriber?

• Richness and precision of market data. Having the largest database of company information in the Philippines, we paint you a concise and comprehensive picture of the overall market landscape.
• Flexibility. Because we know no two companies are alike, we have your needs only in our best interest with our tailored reports and analyses.
• Tradition of strategic service. Every year we faithfully deliver results to a network of key market players who leverage our strategic market information in their developmental campaigns.

How total a picture does the TRS paint?

Our database of participants is the largest in the Philippines, with information from over 200 of the leading employers in vital sectors such as banking and finance, consumer products and manufacturing, information technology, energy, insurance, pharmaceutical, semiconductors and electronics, quick service restaurants and telecommunications. With such a comprehensive source base, TRS participants are sure to find the companies that they need to benchmark with here.

Exactly how will we be getting the kind of information that we need?

We understand the need of companies for specific market comparisons. Hence, apart from receiving an overview of the market through the general industry reports, TRS participants are given free rein in choosing Target Market Groups or TMGs that cover companies or industries that they wish to get competitive information from.

What kind of data can we expect from the TRS?

Actual remuneration data on all incumbents or jobholders of positions matched to benchmark jobs are collected in our surveys. We collect both cash and benefits information for the following items:

 

Cash Component	Benefits and Perquisites
Basic Salary Guaranteed/ Fixed Bonus Fixed Cash Allowances Work-Related Allowances Variable Bonus Incentives Others	Working Hours Leave Arrangement Medical Program Life Insurance Program Retirement Plan Incentive Scheme Loan Arrangement Company Car Program Club Membership Stock Plan Others

How do we know which jobs are applicable and useful to us?

Our proprietary job matching methodology uses the benchmark job approach which mainly focuses on job content to match jobs. As a result, our approach would make it easier for you to select jobs benchmark jobs that reflect yours. To capture skill and complexity, each benchmark job has also been evaluated and assigned a global grade using the Watson Wyatt’s Global Grading SystemTM. The Global Grading System is a proprietary job leveling tool that is used in Watson Wyatt surveys worldwide. This methodology ensures that jobs are matched consistently across the globe and provides a means to validate proper matching in terms of levels or job hierarchy.

Will security and confidentiality be an issue when our data is part of the survey?

No issue at all. To protect confidentiality, our survey system has built-in features that prevent isolation of individual data points. Our hard and software driven firewall also provides a fortified environment within which your sensitive data will be preserved.

When can we get started?

Survey preparation typically follows a 4-6 month-cycle, as follows:
 

Enrollment Period	April onwards
Data Collection & Data Validation	May – August (simultaneous)
Data Processing	August – September
Report Generation	September

For more information about this service, please contact Patrick Marquina at patrick.marquina@watsonwyatt.com.