HR Consulting - Remuneration

HR Consulting - Remuneration Effectiveness

During the past several years we have completed a wide range of projects aimed at improving organisation performance through the more effective design of remuneration and reward systems. Projects have involved:

• the preparation of special remuneration reports for non-executive & executive directors;
• the design of remuneration strategies, systems & policies to achieve organisational strategy;
• the integration of remuneration policies and systems during mergers & takeovers to facilitate organisation synergies;
• the development of short & long term incentive plans that promote shareholder value;
• the development of job evaluation systems that reflect and promote organisational values & culture; and,
•  the design of international and expatriate remuneration policy and practice.

Recent Projects

Recent projects undertaken in the review or structuring of remuneration systems include the following:

• Review of industry practices & development of remuneration & allowances strategy for a North-West oil & gas company (2011)
• Review of industry practice & recommendation of a long-term (share-based) reward & retention plan for a mining company (2011)
• Development of a short-term incentive plan for operations personnel at a gold mining operation (2011)
• Development of a market-based, broad-banded remuneration structure for a mining contracting company (2011)
• Development of remuneration strategy & policy for an EPCM company in the resources industry (2011)
• Review of short-term incentive plan for a coal mining company (2011)
• Review of industry practices & development of remuneration & allowances strategy for a North-West mining company (2011)
• Survey of retention plans among companies developing major capital projects (i.e. greater than $1 billion) in the mining & resources sector (2010)
• Development of a broad-banded remuneration structure & remuneration strategy for an iron ore mining company (2010)
• Survey of employment conditions & remuneration structures in North-West mining operations (2010)
• Review of rosters & remuneration in mining operations around Australia & commute operations in Western Australia (2010)
• Development of an executive short-term incentive plan (2010)
• Facilitation of Expatriate Tax Forum for resources companies employing Australian expatriate staff, pursuant to changes in income tax legislation (2009)
• Generation & evaluation of plans for managing "underwater" share options & restructuring executive long-term incentive plans (2009)
• Review of the remuneration and employment conditions for national and expatriate staff in the Papua New Guinea mining industry (2005, 2006, 2008 & 2009)
• Development of a short-term incentive plan for an Engineering, Procurement & Construction Management company (2008)
• Review of the charter, role & function of the Remuneration Committee of a publicly listed mining company (2008)
• Review of the remuneration plans, strategy, policy & structures of an ASX listed mining producer (2008)
• Review of the remuneration plans, strategy, policy & structures of a coal mining producer, subsidiary of an international conglomerate (2008)
• Review of the remuneration policy & structure of a smelting & refining company (2007)
• National benchmarking survey of remuneration practices for powerhouse operations personnel among resources companies and major power generators (2007)
• National benchmarking survey of remuneration practices for Engineering & Project Management personnel in owners’ teams and in service companies (2006)
• Analysis & integration of the remuneration systems & employment conditions for the merger of two mining companies (2006)
• Survey of skills progression and remuneration systems for trades personnel in the Australian resources industry (2005)
• Survey of remuneration and employment conditions for open-cut operators in the Australian mining industry (2005)
• Review of employment conditions for expatriate staff in the Asia Pacific & South East Asian regions & for National staff in PNG (2005)
• The development of a market-based remuneration structure for a Queensland coal mining company (2005)

NOTE: Company names are not listed for reasons of confidentiality however referees can be provided on request.