Findings from 2015 KPMG Remuneration Surveys

In line with KPMG’s mission to inspire confidence and empower change, we are pleased to present the summary of findings from the remuneration surveys we conducted across key sectors of the economy in 2015. Our objective is to equip stakeholders with the right information and empower them to take informed and accurate decisions that can potentially save cost for their companies, at a time of heightened focus on cost containment and sustainability.

In spite of the recession, HR/Reward practitioners must keep up to date with trends and developments on pay. Remuneration offers a great opportunity to drive new strategic imperatives by continuously seeking ways to enhance attraction, retention and motivation of top talents in a cost-effective manner.

We observed a slowdown in actual pay increases, owing to the persistent economic slowdown. The increase in 2015 was about 10%, compared to about 12% noted in 2014. In our view, the 2015 increases are mainly driven by collective bargaining agreements with employee unions.

Participants Demography

The survey covers one hundred and twenty one (121) companies spanning various sectors, with turnover ranging from about N1 billion to N600 billion, and staff strength of up to 10, 000 employees, as shown below:

Survey Participants

Please download the infographic details of the survey here

For more information:

Adewale AjayiAdewale Ajayi
Partner, Tax, Regulatory & People Services
KPMG Nigeria
T: +234 803 402 1014

About Femi Oke

Relentless passion for creativity and digital acumen to help a professional services firm thrive in the digital space. Femi is an individual with a rich experience on regional African knowledge, its diverse business culture and he understands the continent’s economic drive. He thrives on selfless service and lasting mutually beneficial relationships with colleagues and especially clients encountered in the course of his duties. He is creative, practical and self-motivated with business judgement in corporate, brand and strategic communications, social, digital & traditional media and executive profiling. Roles in the firm include New Media, Digital Communication, Corporate Communication, executive profiling and Brand Management execution. Working on the multi-million dollar Africa high growth market project stands out for femi; besides this, managing all KPMG’s digital communication for the World Economic Forum on Africa is another project that gives him great delight. Femi holds a Masters Degree in Global Marketing from the University of Liverpool.
No comments yet.

Leave a Reply

Twitter Linkedin Facebook YouTube RSS