Reports & research

Aon and Governance Institute

Board and Executive Remuneration Report 2022


Aon is Governance Institute of Australia’s official Remuneration Partner.

Aon and the Governance Institute of Australia are pleased to present to you the results of the 2022 Board & Executive Remuneration survey. The survey combines the annual report data for the ASX300 and individual company data submissions into a single source to conduct the various analyses presented in this report. This year, data from 528 organisations were included in this survey. ASX300 constituents comprised 55% of the overall survey population. In the 2021 report, the total number of participants were 413, of which 283 were part of the ASX300.

With a view to improve the reader experience this year, we have presented our findings in a slightly different format. The survey insights and the appendices are provided as two separate reports in order to make it more reader friendly.

Report Pricing

Survey participant
Complimentary
Governance Institute member not participating in the survey
$3,500 + GST
Non-Governance Institute member not participating in the survey (full price)
$5,000 + GST
Discounts offered for survey subscription* (Governance Institute members only)
Governance Institute members who participate in the Aon Governance Institute Annual Remuneration Survey will be able to subscribe to any of Aon's proprietary surveys at discounted rates. Discounts offered will include:
  • One survey purchase - 10% discount
  • More than one survey purchased - discount determined upon application.
*Governance Institute members already subscribing to an Aon survey will only be eligible for a 10% discount on the additional Aon survey(s) purchased. The discount will not apply to any existing Aon survey subscriptions.

Non-participating Governance Institute members will receive an abridged version of the report.
   

Our People Solutions

We are in the business of making better decisions, by helping organisations address people risk through data-driven insights and advice on their number one asset, their people.

Combining professional experience with our proprietary data and analytics platform, we surface meaningful insight from multiple sources, connecting and advising decision makers about people strategy – so organisations can grow, navigate change, and embed resilience.

About Aon Rewards Solutions

We are a global provider of data, tools and advisory services that help organisations manage people risk, including recognition, benefit and reward programs. We have provided local insights and expertise for more than 25 years in the Australian market.

Identifying, attracting and retaining visionary leaders and agents of change, and people with the capacity to truly transform how you operate, is necessary for winning in the digital age. Aon Rewards Solutions offers comprehensive rewards advisory services and specialises in helping clients create the reward strategies and programs they need under the Radford and McLagan brands globally, to make the workforce of the future a reality.

Board and Executive Remuneration Advice

We take the complexity out of remuneration planning, with fit-for-purpose programs that enhance efficiency and deliver stakeholder value in line with corporate objectives. Our services include:

  • Pay benchmarking
  • Remuneration strategy
  • Short-term incentive plan design
  • Long-term incentive plan design
  • Board remuneration
  • Remuneration and corporate governance
  • Remuneration report and disclosure drafting and review
Data

We run the globally recognised Radford and McLagan surveys and capture remuneration market data from more than 1,000 organisations locally across various industries.

Equity Services

Paying employees with equity is complicated, from managing financial reporting requirements to balancing shareholder perspectives to educating participants. Our products and services help firms effectively use equity as a remuneration tool and include:

  • Valuation – AASB 2 compliant valuation of equity awards
  • PeerTracker – real time tracking of relative TSR Plan performance
  • EquiTV – a library of videos to communicate the value of equity plans to employees
Corporate Governance

As a trusted advisor in corporate governance, we partner with public and private companies to navigate complex and routine matters. We provide the following solutions:

  • Say on Pay consulting 
  • Remuneration Report and Disclosure drafting and review 
  • Investor & proxy advisor engagement 
  • ESG risk assessment and strategy development

Why Should I Subscribe to Aon's Data Centre?

If you make remuneration decisions without detailed information, or without understanding the context of the information you have, your organisation could spend too much on talent or fail to attract in-demand skills, putting you behind the competition.

Aon’s remuneration reports help HR leaders interpret and respond to reliable employment market data. Combined with our online Data Centre, Aon’s reports can help you understand how survey information relates to your organisation and specific roles, so you can make informed decisions.
Compared with other providers of remuneration data, including recruitment firms who offer free annual ‘benchmark reports’, Aon’s reports provide:

  • More comprehensive data 
  • Deeper, more nuanced analysis and insights 
  • 24/7 access to online reports updated annually or bi-annually 
  • Technical support, training, sector expertise and roundtable events

Aon's Data Centre is online software designed to provide you with access to remuneration survey data reports, allowing participants to further filter and analyse survey data by industry, location, organisation size and other key metrics. Data Centre allows users to download report data to MS Excel for further analysis and manipulation. Aon survey subscribers can access Data Centre 24 hours a day, seven days a week from any location with an internet connection.

Other relevant Aon remuneration surveys and reports

General Industry Remuneration Report (Australia)

The General Industry Remuneration Report (Australia) provides organisations with accurate, reliable and comprehensive information on the Australian pay market. The report combines data from organisations unique to the General Industry database, as well as contributors to Aon’s extensive range of industry specific reports and covers a broad range of support function roles.

Aon Executive Remuneration Survey

Executive remuneration has fast become a topic of significant discussion and debate within organisations, with a significant impact on shareholder sentiment. The Aon ExecutiveRemuneration Surveywas established in 2013 as a survey to collect, analyse and publish remuneration benchmarks for senior executives in large organisations. The survey focuses on the top 100 companies on the Australian Stock Exchange and large privately held organisations with total annual revenues of approximately $1 billion.

Mining, Infrastructure & Engineering Remuneration Report

The Mining, Infrastructure & Engineering Remuneration Report is a combination of the Coal Mining Industry, Gold and General Mining Industries and Engineering and Construction Industry Remuneration Reports making it the most robust remuneration report of its kind in the resources market.

Community, Advocacy and Social Services Remuneration Report

Few sectors have seen as much change in recent years as the Care, Advocacy and Social Services sector. A new funding model, increased demand and new market entrants have combined to put significant pressure on recruiting and retaining the people organisations need to continue to deliver their valuable services. As a sector that is highly diverse and constantly changing, organisations operating in the Community, Advocacy and Social Services industry can be deeply challenged when it comes to setting competitive and sustainable remuneration and rewards.

This Aon report can help you. It is the largest and most comprehensive survey in Australia to cover for-purpose (NFPs) and for-profit organisations in the care and community services industry. Providing in-depth insights and unmatched data, the report is specifically tailored for the unique and broad spectrum of remuneration needs for organisations within this space.


 

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