Currently, there are major changes occurring in the Funds Management industry including many mergers and acquisitions. Remuneration is also changing with many companies introducing higher incentives, long-term plans and retention payments. To remain competitive, organisations need to fully comprehend the design principles embedded in incentive plan design in the industry today.
The purpose of the survey is to provide participants with detailed information on the current design parameters of the various incentive schemes, prevailing in today's market.
Position Coverage
The following positions will be surveyed in detail collecting fixed reward and incentive payments:
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Chief Executive Officer
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Head of Equities
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Head of Fixed Interest
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Head of Property
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Head of Marketing
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Head of Finance & Administration
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Head of Human Resources
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Head of Back Office
The following positions will be analysed in broad salary ranges and incentive payments. The emphasis of the survey is on incentive plan design not pay levels for individual positions.
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Senior Executives - Portfolio Management
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Middle Executives - Portfolio Management
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Junior Professionals - Portfolio Management
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Senior Executives - Sales
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Senior Executives - Wholesale Sales
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Senior Executives - Retail Sales
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Middle Management - Wholesale Sales
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Middle Management - Retail Sales
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Junior Professionals - Wholesale Sales
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Junior Professionals - Retail Sales
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Senior Management - Administration Services
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Middle Management - Administration Services
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Junior Professionals - Administration Services
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Senior Clerical - Clerical
Membership
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Is only available to organisations that are participating in the survey.
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Provides members with a comprehensive annual report comparing your incentive plan(s) with the market.
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Outlines trends in remuneration and the design characteristics of both short-term and long-term incentive schemes.
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A telephone service will be available to participants to understand the trends and directions in pay.
Data Collection We will collect the information by conducting face-to-face interviews or by telephone interviews with senior management in each organisation. All information will be held strictly confidential with no individual company information released. Collated data will however, provide a clear guide on the design characteristics and trends in incentive/pay plan design. In addition to the questions relating to the incentive/pay plan design, we will be seeking information on the philosophical approach companies are taking with regards to distributing income to staff. We will also examine the relationships between fixed pay, short and long-term incentives and the changes taking place in pay due to the various mergers in the market.
Annual Report Your organisation's membership to the survey will provide you with a comprehensive annual report highlighting fixed reward, short and long-term incentives and retention bonuses. You will receive a personalised report outlining the results including an analysis of trends in incentive design.
Participation Cost The annual membership rate is an investment of $3,300 p.a. ($3,000 plus $300 GST)
Survey Contact
For further information regarding the Funds Management Remuneration Survey, please contact Chris Hart, e-mail: surveys@hart.com.au
