2010 General Industry Compensation Survey Reports - Western Europe available
The 2010 General Industry Compensation Survey Reports for Western Europe are now being published. A number of country reports are currently available through CompTrack. The remaining Western European country reports will be published soonest (for a full country overview, please click here).
These reports provide a wealth of valuable information and features:
More information can be obtained here, if you are interested in participating in or purchasing the General Industry Compensation Surveys or cuts, please contact Customer Service.
Now available: 2010/2011 Company Car Benefits Report - EMEA
As a significant remuneration and motivation tool for management roles, senior professionals and client-facing (sales) staff, chief amongst employee benefits remain company cars and car allowances. It is therefore essential to keep abreast of the latest market best practices in terms of policy design, effective cost control & tax efficiency - especially in times where the business climate is dominated by cost cutting and efficiencies and where non-mandatory employee benefits might not remain untouched. To help you respond to business critical questions regarding company cars and car allowances we are pleased to present the Towers Watson 2010/2011 Company Car Benefits Report, covering 39 countries accross the EMEA region.
Read more on detailed report contents and countries covered.
Towers Watson - Compensation Planning Pulse Survey
We are delighted to announce the launch of the Towers Watson Compensation Planning Pulse Survey. This survey is in response to continuing requests from our clients for accurate and up-to-date information on pay trends in order to inform the salary review process. Our commitment is to conduct this research on a regular basis to provide a continual update on pay and reward policies and issues.
Cancellation 2010 Prague Compensation Forum due to travel restrictions
Further to the ongoing disruption of travel in Europe, the compensation forum scheduled for Friday 23 April in Prague has been cancelled due to the inability the Towers Watson Consultants who would deliver the session to be present. All registered meeting attendees were notified personally.
A survey output meeting following the publication of the 2010 report will be held in autumn, in order to present and discuss the survey's findings. This meeting is likely to take place during the month of October and the precise details will be announced at a later date closer to the publication of the 2010 Czech Republic General Industry Survey.
We apologise for any inconvenience caused. Should any further meetings be cancelled, registered attendees will be notified in person.
Hiring expected to go hand-in-hand with continuing employee layoffs
Jan 28, 2010 - London
Some 82% of European companies are planning to hire employees to new positions in 2010, according to a new survey by Towers Watson.
Moreover, while most companies are hiring, 49% still expect to make workforce reductions in 2010 – 5% say these will be broad-based and 44% say they will be targeted. This compares with 12% who have made broad-based reductions and 55% who have made targeted reductions since the start of the financial crisis.
Welcome to Towers Watson
Jan 12, 2010 - To our valued clients:
We are pleased to take this opportunity to welcome you to our new firm at the start of a new year.
As you are no doubt aware, Towers Perrin and Watson Wyatt announced plans to merge in the middle of 2009 and formally combined at the end of the year. While the merger affords us significant opportunities to meet all of our clients’ needs more effectively over time, we anticipate that you have one important question:
How will this merger affect me and the work my organisation is currently doing with either Towers Perrin or Watson Wyatt Data Services?
The short answer is: Not at all.
Tax on private mobile phone calls in Belgium
Dec 22, 2009 - Private use of employer-provided mobile phones will be subject to taxation, normally as from 1 January 2010.
Five pension predictions for 2010
Dec 14, 2009 - The coming year will be another challenging one for UK pensions professionals. There will be five key trends during 2010.
Belgian salaries of some employees to decrease?
Dec 8, 2009 - For the first time ever, there will be a negative indexation in Belgium. Accordingly, salaries of some employees might decrease.
Companies face employee engagement challenge
Dec 3, 2009 - European companies face a communication and engagement challenge with continued limited pay budgets potentially failing to meet employee expectations.
Multinationals face gender pay equality risks
Dec 1, 2009 - There are some important differences in the detail and focus of equality legislation from country to country that leave companies with operations across a number of territories vulnerable to legal challenge. A risk that is exacerbated by the popularity of global or regional shared service centres for HR operations.
Watson Wyatt Launches New Interface for CompTrack
Online Tool Helps Multinationals Govern Global Compensation Programs
November 23, 2009 - Today we launched a new version of CompTrack, an online tool that provides employers with instant access to the latest reports covering more than 90 countries across Europe, the Middle East, Africa, Asia Pacific and the Americas.
CompTrack enables our clients with global operations to centrally, regionally and locally manage compensation & benefits market data and employment information across multiple countries. This user-friendly tool includes interactive features and modules such as export, currency exchange, monthly/annual representation of salary data, data ageing, job grading (Watson Wyatt Global Grade Calculator), taxation, multiple regression and market compa-ratio.
The new version of CompTrack has been completely re-engineered and includes such improvements as:
Since its initial launch in 1998, Watson Wyatt has continued to improve CompTrack. This new version incorporates user feedback to address the changing needs of multinational companies. Its increased functionality will help employers to travel 'paper free' and access compensation and benefits market best practices from any PC with Internet connection anywhere.
For more information on Watson Wyatt’s CompTrack, click here.
For further information, please contact: customerservice@watsonwyatt.com .
2009/2010 Global 50 Remuneration Planning Report available
We are proud to announce that the new Global 50 Remuneration Planning Report is now available!
Consolidated from Watson Wyatt databases around the world, this report provides a concise and simple insight into reward and pay practices across 57 countries worldwide.
For each country, statutory and company-sponsored benefits & perquisites provisions, as well as salary & variable pay ranges are analysed. Completed with the latest global and local economic data, the report forms an indispensible planning tool for your global remuneration planning.
For more details on the report and its contents, please click here .
New WWDS EMEA website launched
We are delighted to welcome you to our new website. From this platform you will be able to find:
We hope you find this site user friendly and a valuable addition to our service. We welcome your feedback and any recommendations for further enhancements.
Are companies using their limited pay budgets effectively?
UK – July 3, 2009 – European companies are currently so focused on cutting costs through layoffs, salary and hiring freezes, that they may be setting themselves up for problems in the medium term, according to research from consultants Watson Wyatt.
2009 Termination Benefits Surveys
In light of the ongoing and broad-based financial difficulties, Watson Wyatt Data Services recently conducted surveys on termination benefits in Austria, Germany, Ireland, Switzerland, and the United Kingdom to determine what measures, if any, companies are taking to adjust their severance policies and benefits to economic conditions as well as the steps taken to avoid redundancies.
Benefits and Employment Terms & Conditions Reports
The new Benefits and Employment Terms & Conditions Reports Western Europe are available on CompTrack Online. Printed versions will be available upon request.
The 2009 editions of our Benefits and Employment Terms & Conditions Reports have been expanded and now cover 41 countries, divided into four volumes:
Western Europe:
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
Central & Eastern Europe:
Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Russia, Slovakia, Slovenia, Ukraine (new)
South Eastern Europe:
Bulgaria, Croatia, Cyprus, Greece, Israel, Romania, Turkey
Middle East & Africa:
Algeria (new), Bahrain, Egypt, Qatar (new), Saudi Arabia, South Africa, UAE
For more information, please view the report description 
Stay up-to-date with the EMEA Employment & Benefits Roundup
While our Benefits and Employment Terms & Conditions Reports provide detailed information on the prevailing conditions as at the first quarter of the year, this newsletter offers a clear and concise update throughout the year that will help you to stay up-to-date and take action where necessary.
The EMEA Employment & Benefits Roundup provides the latest news on employment conditions, employee benefits and social security legislative changes that may impact your operations in Europe, the Middle East and Africa.
Topics covered in previous issues are:
The EMEA Employment & Benefits Roundup is a relaunch of our popular publications IRE Newsletter and Employment Law Newsletter.
Pricing and delivery:
For more information, please contact us
CEE/Turkey & MEA Flash Survey Results
The recent economic occurrences have caused uproar across the globe. Nevertheless, the importance of being able to assess and measure the changes in the marketplace is vital to plan for success at a time such as this.
Watson Wyatt realises the value of maintaining a strong understanding of a volatile market in an unpredictable period. As a result, we have published the 2009 flash surveys for CEE and MEA regions. There is no one correct solution to the crisis that we are all facing and, therefore, only by having all possible information available are you able to make carefully planned and secure decisions about the future success of your company.
The Watson Wyatt flash surveys illustrate the reactions with respect to the current budgeted salary increases and planned salary increases taken by over 675 companies in a total of 34 countries.
All data has a reference date of February, 2009.
The flash survey is available at the price of 500 Euro per region.
For many countries the reports can be refined by sector of activity, which typically include:
For more information, please contact us
General Industry Compensation Forums
Pharmacautical Industry Compensation Forums
Pharmaceutical Industry Sector Sessions are also part of the forums in Dubai, Istanbul and Moscow.
Oil & Gas Industry Compensation Forums
Oil & Gas Industry Sector Sessions are also part of the forums in Dubai and Moscow.
Hi-Tech Industry Compensation Forums
Hi-Tech Industry Sector Sessions are part of the forums in Dubai and Istanbul.
Financial Services Sector / Banking Compensation Forums
A Financial Services Sector Session will also be part of the forum in Moscow.
Compensation and Benefits Forum Belgium
22 October, Brussels
UK participants' Job Matching Briefing Sessions
For further information on these events please contact
Customer Services or call +32 2 678 1511
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