Risk. Reinsurance. Human Resources.
Aon Hewitt
Talent, Reward & Performance
McDonald
Upstream Oil
& Gas Industry
Remuneration Report (Australasia)
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McDonald Upstream
Oil & Gas Industry
Remuneration Report 2015
The McDonald Upstream Oil & Gas Industry Remuneration Report 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 Upstream Oil & Gas Industry 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 includes onshore, offshore and coal seam gas explorers and operators and is the largest and most comprehensive for this sector in Australia.
Participants in the October 2015
remuneration report included:
BP Australia Pty Ltd Chevron Australia Pty Ltd ConocoPhillips Australia Pty Ltd Exxonmobil
INPEX Corporation Woodside Petroleum Ltd
This report is produced on
a biannual basis inApril
and September each year.
Aon Hewitt is calling
for subscriptions
to join the leading
remuneration report
in Australasia, for the
upstream oil and
gas industry
159
positions from20 organisations
Data in this report covers3
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.
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:
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 annual Resources Policy and Practice Report that provides insights into how organisations structure their site remuneration benefits, including accommodation, rosters and uplifts.
Invitation to participate in the annual Aon Hewitt Policy and Practice Report
that provides access to quantitative and qualitative information which supports the review and design of total reward programs.
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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Job families surveyed
Job family: CorporateAdministration Commercial Document Control Environmental Affairs
External Relations; Govt/Community Affairs
Finance & Accounting Health & Safety Human Resources Information Technology Legal
Supply Chain
Job family: Drilling & Completions
Completions Engineering
Drilling & Completions Management Drilling Engineering
Job family: Geoscience
Exploration Management Geology Geophysics GIS Petrophysics Reservoir Engineering
Job family: Operations
Maintenance
Operations Management Petroleum Engineering Process Engineering Production
Job family: Operations - Support Services
Administration Environmental Affairs Health & Safety Human Resources Supply Chain
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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 Senior Exploration GeologistPosition code MCA_00742
Career level 4
Responsible for
This position is responsible for the identification and generation of viable oil and gas exploration drilling prospects resul ting in the discovery of new reserves
Reports to
Principal Exploration Geologists or Exploration Manager depending on size of organisation
Supervises
Experienced Exploration Geologists and Graduate Geoscientists
Main activities
Generating well proposals and evaluation reports Supervision of geophysical and geochemical surveys
Liaison with drilling and reservoir engineers to plan well trajectories/well design for exploration and appraisal drilling Integrating existing and new well and seismic interpretations into regional and prospect assessments and databases Providing input to reservoir delineation, resource assessment, geological modelling and field development planning 3D static monitoring for dynamic simulation
Evaluating data and calculation of hydrocarbons in place Recommending geological studies
Production of technical reports for the Company, joint venture partners and government departments
Typical experience
Incumbents normally hold a tertiary degree in geology. 8 to 10 years’ professional experience
Comments
Remuneration data
State No. of Org’s NBS FR AAR
New South Wales 2 – – –
Victoria 1 – – –
Queensland 2 – – –
South Australia 1 – – –
Western Australia 1 222,991 280,618 303,646
General roster panel No. of Org’s NBS FR AAR
5/2 13 223,530 268,869 290,759
Even 1 – – –
Work environment work pattern No. of Org’s NBS FR AAR
Offshore Shift - Cont 1 – – –
Onshore Day 2 – – –
Please refer to Data Centre for statistics on the following:
Position title Senior Exploration Geologist
Position code MCA_00742 No. of incumbents 46
Career level 4 No. of organisations 13
Percentiles
Remuneration Component % Rec Average % of FR 25th 50th 75th
Nominal Base Salary (NBS) 100% 222,769 82% 197,968 214,150 251,133
Company superannuation on fixed remuneration* 100% 27,124 10% 23,714 27,690 31,393
Car allowance/Company car/Novated lease 46% 26,547 10% 25,000 25,000 30,000
Annual leave loading 46% 3,232 1% 2,664 2,896 3,084
Health insurance 13%
Market premium 2%
Other benefits /other cash 76% 5,203 2% 1,500 5,300 8,615
Remuneration (excludes uplifts) 100% 268,586 99% 239,781 274,626 297,522
Commute Uplift 2% Overtime Uplift Role Uplift Shift Uplift Site Uplift Fixed Remuneration (FR) ** 100% 270,470 100% 239,781 275,730 298,894 Target Incentive 67% 32,239 12% 17,802 22,070 47,321
Target Annual Remuneration (TAR) 100% 292,196 108% 271,463 290,813 319,709
Long-Term Incentive 39%
Target Total Remuneration (TTR) 100% 295,750 109% 272,927 295,857 324,933
Actual Short-Term Incentive 74% 29,456 11% 20,086 23,751 39,707
Actual Annual Remuneration (AAR) 100% 292,242 108% 268,185 298,356 325,413
* Excludes super on STI. ** Includes super on uplifts.
SAMPLE D
AT
A ONL
Y
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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.
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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.
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 work environment.
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.
For further information regarding the McDonald Upstream Oil
& Gas Industry Remuneration Report, or to participate, please contact:
Steph Drury
t
+61 8 6317 4019
m
+61 401 042 425
e
steph.drury@aonhewitt.com
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
Contacts
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 Hewitt
For further information regarding this remuneration report, please contact Steph Drury or Jenny Bertucci directly:
t +61 8 6317 4019 m +61 401 042 425
e steph.drury@aonhewitt.com
t +61 8 9429 4444 m +61 478 879 035
e jenny.bertucci@aonhewitt.com
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
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.
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