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Aon Hewitt Talent, Rewards & Performance McDonald Gold & General Mining Industries Remuneration Report (Australasia) Information pack 2018 Risk. Reinsurance. Human Resources.
Aon Hewitt Talent, Rewards & Performance
McDonald Gold & General Mining Industries Remuneration Report (Australasia) Information pack 2018
Risk. Reinsurance. Human Resources.
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McDonald Gold & General Mining Industries Remuneration Report 2017 The McDonald Gold & General Mining Industries Remuneration Report was established in 1988, and is one of a suite of McDonald surveys which have been the leading source of remuneration data for the resources industry for more than 25 years.
The McDonald Gold & General Mining Industries Remuneration Report provides Directors, Remuneration Committees, Executive Management and Remuneration Practitioners of participating organisations with accurate and comprehensive data and reliable analyses of remuneration for key personnel in the industry.
The report covers the metalliferous and other mining sectors, including gold, iron ore, base metals, PG metals, cobalt/nickel, uranium and salt and is the largest and most comprehensive for this sector in Australia.
Comprehensive remuneration and benefit tables are published for 622 key positions with results based on the salaries and benefits information of over 46,354 individual employees from 96 organisations.
Participants in the October 2017 remuneration report included: BHP Billiton Iron Ore
Fortescue Metals Group Ltd
Metals X Limited
Newcrest
Newmont Asia Pacific
Northern Star Resources Limited
Roy Hill
Rio Tinto Limited South32
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This report is produced on a bi-annual basis in April and October each year.
Data in this report covers
622positions from
96 organisations
Aon Hewitt is calling for subscriptions to join the leading
remuneration report in Australasia, for the
gold and general mining industry
Why participate in a McDonald remuneration report?
As a McDonald remuneration report subscriber you will have access to the very latest market data to ensure informed salary decisions within your organisation.
Along with Aon Hewitt’s high level of client service, your remuneration report subscription includes:
Staying informed of market movements is critical to ensure your reward strategies are meeting your business needs whilst minimising costs.
The money spent on a remuneration report subscription can be made back many times over in savings through optimising total reward spend and retaining key talent.
From year to year we see many variations in the way organisations reward their employees. Some positions begin attracting a significantly higher rate of pay whilst others drop, as supply and demand for various skill-sets shift and change. As circumstances change organisations adjust their reward packages to get the most out of limited salary budgets.
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Online remuneration data through Data Centre that can be filtered according
to your needs. With enhanced data visualisation, individual report dashboards and real-time polling and updates, Aon Hewitt’s Data Centre is at the forefront of online remuneration analytics.
Comprehensive coverage with data on all major elements of the remuneration package; salary, benefits and both short and long-term incentives.
Historical coverage of actual salary movements, as well as forecasts for the coming year.
Career level data that provides separate remuneration tables for each job family, which can be used to enhance job matching, or as an alternative source of data for non-standard positions.
Attendance at remuneration forums, complimentary events that provide a chance to discuss and critically evaluate data findings and market trends and network with industry peers.
Easy access to relevant economic indicators via Data Centre. Invitation to participate in the Aon and Resources Policy and Practice Report that
provides access to quantitative and qualitative information which supports the review and design of total reward programs and insights into how organisations structure their site remuneration benefits, including accommodation, rosters and uplifts.
Job families surveyed
Job family: Corporate
Administration
Business Development
Commercial
Finance & Accounting
Human Resources
Information Technology
Legal
Operations
Environmental Affairs
Health & Safety
Sales & Marketing
Supply Chain
External Relations; Govt/Community Affairs
Job family: Exploration
Exploration
Job family: Operations
Business Development
Business Improvement
Maintenance
Mining Operations
Mining Technical Services
Mining/Geotechnical
Operations Management
Processing
Job family: Operations – Support Services
Administration
Finance & Accounting
Human Resources
Information Technology
Environmental Affairs
Health & Safety
Supply Chain
External Relations; Govt/Community Affairs
Job family: PM&C
Project Engineering
Project Management
Job family: Port/ Rail
Inventory/Warehouse
Rail/Track/Port
For detailed descriptions of all positions surveyed, and participating organisations please visit our website: (aonhewitt.com.au/Home/Resources/Reports-and-research/McDonald-Gold-General-Mining-Rem-Report)
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Data submission
The provision on your organisation’s remuneration data is a condition of participation in Aon Hewitt remuneration reports. This ensures the veracity of the data provided in the remuneration report. Our customised data input software Rapid Rem makes submitting remuneration data a simple process.
Aon Hewitt also provides participants the support of a dedicated remuneration analyst, who can assist with submitting your data and interpreting the report results.
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Sample position description
Position title Head of Mine Site Position code MCA_00101 Career level 6
Responsible for Providing overall management, direction and coordination of all aspects of site operations
Reports to Chief Executive Officer or Head of Operations (Corporate)
Supervises Mine operations, technical & commercial team
Main activities Normally responsible for all aspects of site operations encompassing: mine production and mine planning quality control ore processing, gold recovery and (if applicable) other mineral recovery maintenance of fixed and mobile plant and other facilities camp or township administration budgeting, cost control and asset management direction, motivation and health of the workforce These activities may be carried out directly, or through other senior staff or contract personnel
Typical experience Incumbents are expected to be tertiary graduates in mining engineering, geology or metallurgy with appropriate state certification for underground or open-cut mining activities
Other comments Alternative Titles: Resident Manager, Operations Manager, Mine Manager or General Manager - this may be applicable to an open cut (surface) or underground work environment and all work patterns
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* Excludes super on STI. ** Includes super on uplifts.
Remuneration data
Position title Head of Mine Site Position code MCA_00101 No. of incumbents 110 Career level 6 No. of organisations 58
Percentiles Remuneration Component % Rec Average % of FR 25th 50th 75th Nominal Base Salary (NBS) 100% 328,487 88% 296,622 320,489 352,486 Company superannuation on fixed remuneration* 100% 32,656 9% 24,957 29,909 36,170 Car allowance/Company car/Novated lease 29% 23,560 6% 17,927 25,000 29,100 Health insurance 22% 5,030 1% 3,000 4,400 6,448 Market premium Other benefits /other cash 20% 4,009 1% 3,000 3,300 5,276 Remuneration (excludes uplifts) 100% 369,896 99% 330,198 368,835 399,371 Commute Uplift 5% 22,084 6% 5,000 8,256 27,500 Overtime Uplift Role Uplift Shift Uplift Site Uplift 7% 25,337 7% 13,750 26,843 31,568 Fixed Remuneration (FR) ** 100% 372,858 100% 331,141 368,835 406,637 Target Incentive 65% 110,021 30% 70,094 111,000 138,900 Target Annual Remuneration (TAR) 100% 443,755 119% 365,021 415,737 506,042 Long-Term Incentive 37% 169,168 45% 94,858 173,606 231,421 Target Total Remuneration (TTR) 100% 506,809 136% 367,196 439,944 664,594 Actual Short-Term Incentive 62% 164,818 44% 58,557 107,139 287,804 Actual Annual Remuneration (AAR) 100% 474,629 127% 343,428 416,541 577,751
Please refer to Data Centre for statistics on the following: State No. of Inc’s No. of Org’s NBS FR AAR New South Wales 13 11 314,381 358,876 406,953 Victoria 3 2 – – – Queensland 15 7 319,569 357,133 465,369 Western Australia 8 5 351,515 392,126 593,443 South Australia 62 32 324,258 371,366 470,851 Australian Capital Territory 1 1 – – – Tasmania 2 2 – – – Northern Territory 3 3 – – – General roster panel No. of Inc’s No. of Org’s NBS FR AAR 2/1 68 37 331,455 382,767 510,060 5/2 21 17 325,975 360,703 424,922 8/6 15 11 313,620 347,197 389,161 9/5 1 1 Even 3 3 305,811 326,925 391,975 Other 3 3 – – –
Work environment work pattern No. of Inc’s No. of Org’s NBS FR AAR Surface Day 79 43 331,382 379,169 489,276 Surface Shift - Cont 23 19 311,967 343,071 390,512
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About Aon Hewitt’s Reward practice
Aon Hewitt provides expert advice and innovative solutions to assist organisations with all areas of remuneration management. With a reputation for excellence and integrity, we are the primary source of remuneration information and advice for entire industries, as well as individual organisations of all sizes.
Our clients Over eight hundred organisations throughout Australasia and across various industry sectors use Aon Hewitt’s products and services, ranging from small to large local firms through to the largest multinationals.
Our people Aon Hewitt is a team of knowledgeable, experienced, passionate, creative and energetic people who thrive on exceeding client expectations, providing expert advice to organisations, and leading the market in the design and development of innovative remuneration solutions, products, training and technology.
Our technology The Aon Hewitt Data Centre is an innovative, intuitive platform allowing you to access exactly the data you need quickly and easily, on your PC or mobile device. Data Centre provides remuneration report data visualisation, individual dashboards, position description matrix views and real-time polling and updates.
In addition, functionality includes:
Advanced filtering: enables you to filter data by multiple options including organisation size (headcount/revenue), location, work patterns, rosters and commodity.
Peer cut: enables you to filter data by a select group of report participants to ensure alignment in a competitive talent market.
Compa-ratio reports: enables you to review how your employees compare to market data.
Age data: enables you to age the data to ensure you are future proofing projected remuneration movement in the near future.
Create custom position(s): enables you to combine multiple roles where there is no current market data for hybrid/mixed positions.
We pride ourselves on outstanding customer service and our ability to tailor solutions that are aligned to your remuneration needs and contribute to the success of your business.
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Our services Remuneration consulting services
Remuneration and benefits strategy design Remuneration structures/systems
Policy development and review
Job analysis
Position description writing
Remuneration benchmarking
Customised market surveys
Job pricing
Performance pay plan design and review
Salary budget planning and reviewing the
remuneration environment Salary review assistance
Remuneration outsourcing
Employee opinion surveys
Remuneration mentoring
Executive remuneration services
Executive benchmarking Long and short term incentive design
Providing remuneration advice and
recommendations to Boards of Directors
Survey services
Industry-specific and general industry salaries
and benefits surveys Customised salary surveys tailored to individual
organisations’ needs HR benchmarking and remuneration policy
and practice survey reports Access to international market data
Survey forums
Training services
Public training seminars ranging from a basic introduction to remuneration through to advanced remuneration theory and practice topics
Customised ‘in-house’ remuneration training,
designed to meet specific organisational requirements and conducted on client premises
Access to comprehensive HR reference manuals
For further information regarding the McDonald Gold & General Mining Industries Remuneration Report, or to participate, please contact:
Jenny Bertucci t +62 8 9429 4444 e [email protected]
Contacts
For further information regarding this remuneration report, please contact us directly:
t +61 8 6317 4019 m +61 401 042 425 e [email protected]
t +61 8 9429 4444 m +61 478 879 035 e [email protected]
Sydney Level 33, Aon Tower 201 Kent Street Sydney NSW 2000 t +61 2 9253 7100 f +61 2 9253 7006
Melbourne Level 51, 80 Collins Street Melbourne Vic 3000 t +61 3 9211 3000 f +61 3 9211 3511
Brisbane Level 2, 175 Eagle Street Brisbane Qld 4000 t +61 7 3223 7400 f +61 7 3223 7545
Perth Level 7, 28 The Esplanade Perth WA 6000 t +61 8 6317 4000 f +61 8 9322 6890
About Aon Hewitt
Part of Aon plc, Aon Hewitt is the global leader in human resource consulting and outsourcing solutions. Our services focus on helping organisations mitigate risk in their workforce and realise the untapped potential of their employees. We also help individuals maximise their wealth to enable people to live the life they want.
In Australia, our team of experts partner with your organisation to develop and deliver people strategies that achieve positive business outcomes in the areas of: superannuation and retirement; financial advice; workers’ compensation; work, health and safety; workforce risk
solutions; employee benefits; talent, leadership and employee engagement; remuneration and incentives; total rewards; actuarial services; and mergers and acquisitions.
With more than 30,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees.
Aon Hewitt is the global talent, retirement and health solutions business of Aon plc. For more information on Aon Hewitt, please visit aonhewitt.com.au.
About Aon Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.
© 2015 Aon Hewitt Limited
Terms and conditions Please note: Aon Hewitt is still trading as Hewitt Associates in Australia. Hewitt Associates’ reports of salary and benefits are produced and issued under the following conditions.
Confidential and copyright Hewitt Associates Remuneration Reports are confidential and copyright. Contributors may only use the reports within their own organisations and are not to convey the contents to any third parties. Contributors may not photocopy or reproduce by any other method, the contents of the reports – extra copies may be purchased at nominal extra copy cost rates. Hewitt Associates’ Remuneration Reports are contributor only reports. Contributors are required to supply accurate salaries and benefits data by the due dates which are outlined in our annual planners.
Disclaimer/limitation of liability This Remuneration Report is designed to provide a summary of pay rates as at the date of publication. The report does not purport to be conclusive or to provide specific guidelines. No responsibility can be accepted by Hewitt Associates for loss occasioned to any person acting or refraining from acting as a result of any statement in this publication. This Remuneration Report has been produced using contributors’ data that, to the best of Hewitt Associates’ knowledge, was current and correct at the time of publication. Whilst considerable lengths have been taken to verify all contributors’ data, Hewitt Associates gives no guarantee as to the accuracy or validity of the information contained herein, nor its applicability to any specific circumstances. The Remuneration Report is intended as a guide only and Hewitt Associates will not be liable to any person for any claim or loss as a result of any actual or perceived inaccuracy contained in the report.
Hewitt Associates privacy policy Hewitt Associates has had a long–standing commitment to respecting the privacy of the information entrusted to it by clients and others. This commitment has ensured the ongoing success of our business and our clients’ ongoing support of our products and services. Our formal Privacy Policy document explains Hewitt Associates’ commitment to comply with the Privacy Act 1988 (Cth) and how we collect, use, disclose and protect the information we collect from our clients. To view this policy document, please go to our website aonhewitt.com.au for further information. A0283_1127A C2 1116
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Risk. Reinsurance. Human Resources.
