Aon Hewitt Global Automotive Compensation Group

Aon Hewitt has initiated the Global Automotive Compensation Group based on the successful launch of an Automotive industry initiative in Europe, driven by a need for a global Compensation & Benefit exchange platform and consistent compensation survey. Aon Hewitt already coordinates successful local Automotive initiatives (compensation surveys and Forums) in several countries across the globe and has made the strategic decision to become the leading Compensation Consultant and Data Provider to the Automotive industry globally.

Focus of the Global Automotive Compensation Group is on the networking of Senior Compensation & Benefits experts from both Automotive Producers and Suppliers with global or regional responsibility, discussion of trends and our global Automotive Compensation Survey.

Growing Participation

• Several successful meetings in different regions (Europe, North America, Asia) with representatives from over 80 companies.

Active Steering Groups

• Representatives from leading Automotive Producers and Suppliers support in managing the group (meetings, presentations, surveys, forum) in each region of the world.

Dynamic Group Meetings

• Participant-driven agenda and networking opportunities
• Company presentations on current C&B topics (e.g. Job Evaluation/Job Classification, Company Car Harmonization, Variable Pay Approaches, Performance Management and Reward, Global Merit Process and Performance Alignment, Compensation Training)
• Broad list of discussion topics at meetings: International Salary Ranges for Top Executives, Compensation & Benefits Department organization, Grading Trends, Harmonization of Comp & Ben policies and programs, Key Performance Indicators for short-term variable pay/bonus plans, global Long-Term Incentive Plans/Levels and Communication, Pension plan developments, International Mobility, Tools/HRIS, Talent Management, Compensation Benchmarking, Merit Increase Processes and Implementation

Online Forum and Repository
Interactive Discussion Forum and repository of group materials

Flash Surveys
Several successful Quick Surveys on current Compensation & Benefits topics were conducted within the Automotive group (e.g. Long-Term Incentive Plan Design, Company Car Programs, Salary Ranges, Innovation Awards, International Mobility, Compensation adjustments in Russia/Ukraine/Kazakhstan, Compensation Governance). Participation and results are free of charge for participants.

Automotive Compensation Survey
Driven by the need for high-quality, industry-specific compensation data, Aon Hewitt has launched a compensation survey that addresses some of the Automotive firm’s main challenges, e.g. availability of globally consistent data, coverage of industry-specific positions, data pool including Producers and Supplier. Aon Hewitt has developed a pragmatic position matching approach and results format with the Steering Group. In the second year 2015, the survey is growing to cover 80 specializations in several job families (Engineering, Manufacturing, Research & Development/Design, Project/Program Management, Sales/Marketing, Quality, Purchasing) and 19 hierarchical levels on Executive, Management, Professional and Blue Collar/Administration career paths. The survey is growing to cover 64 countries across the globe, with almost 150 participating companies in year two.

Automotive Group Meetings

Who should attend?
Attendance is free of charge and open to current or interested survey participants. Focus of the Group meetings is networking of Senior Compensation & Benefits experts from both Automotive Producers and Suppliers with global or regional responsibility.

Why should you attend?
The Group meetings offer a participant-driven agenda with company presentations on current compensation topics as well as the discussion of trends and the possibility to connect with relevant peers across the industry. The Fall meetings will also include the presentation of the compensation survey results for participants.

Which topics will be covered?
Topics from previous meetings include International Salary Ranges for Top Executives, Compensation & Benefits Department organization, Grading Trends, Harmonization of Comp & Ben policies and programs, Short-term variable pay/bonus plans, global Long-Term Incentive Plans/ Levels and Communication, Pension plan developments, International Mobility, Tools/HRIS, Talent Management, Compensation Benchmarking, Merit Increase Processes and Implementation

For Dates and Locations, please inquire directly.

To access the Automotive Compensation Group Portal please click here.

In case of interest to join the group and survey, please reach out to Marco Reiners or Gregor Lötsch.

Aon Hewitt Limited is authorised and regulated by the Financial Conduct Authority.