Data Services (Total Rewards Surveys)
We help clients understand market trends in the design and administration of remuneration packages. Through our deep expertise in human resources, we are able to provide professional consulting services to leading national and multi-national companies in vital sectors such as consumer products, power/energy, insurance, pharmaceutical, financial services, telecommunications, etc.
The Total Rewards Survey 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 Thailand.
We have an actuarial tested and accepted method for quantifying major benefits and perquisites – providing a truly complete picture of remuneration.
With our comprehensive collection of HR researches and studies, we provide our clients invaluable references to assist in the development and implementation of human resources programs related to compensation, benefits and employment practices. We also provide references on HR best practice research and tools to align human capital strategies with business goals.
- Watson Wyatt Total Rewards Survey
This year, we are providing additional web reports on top of the traditional report binders. We are proud to present our survey tool, Watson Wyatt CompassTM, which allows clients to run queries and print reports on their own.
Timeline of our Total Rewards Surveys
Typically, survey preparation follows 4 to 6 month-cycle as follows;
-
Enrollment Period
|
1 to 2 months |
-
Data Collection & Data Validation
|
1 to 2 months (simultaneous) |
-
Data Processing
|
1 to 2 months |
-
Report Generation
|
1 month |
Data Collection
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
|
Job Matching
Our job matching methodology uses the benchmark job approach which mainly focuses on job content to match jobs. 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 consistency across the globe and provides a means to validate proper matching in terms of levels or job hierarchy.
Absolute Security and Confidence
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.
- Watson Wyatt Data Services Publications
- 2004 Compensation Report – Thailand
- Car Report Thailand 2002/2003
For more information about this service, please contact
Tanya Laksanakieat at
tanya.laksanakieat@watsonwyatt.com.
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