Press release

14 Apr 2020 Yerevan, AM

Compensation and benefits surveys – 2020

EY invites you to participate in its regular Compensation and Benefits Surveys.

Press contact

EY Armenia

Global leader in assurance, tax, transaction and advisory services.

EY invites you to participate in its regular Compensation and Benefits Surveys.

Content of the Survey

The Compensation & Benefits Report consists of two parts:

  1. Salary report, including:
    • Monthly and annual fixed pay as well as annual variable compensation
    • One page description of compensation structure for each job presented in the Report
    • Actual  (current year) and planned salary changes (next year) in %
  2. HR Policies and Practices Report, including:
    • Salary arrangements and structure of cash compensation
    • Working time arrangements
    • Social allowances
    • Business travel policy
    • Employee motivation programs and non-cash benefits
    • Recruitment policy, training and development
    • HR agenda and development plans
    • Other issues related to HR policies.

Upon finalization of the survey a training course will be held for the participants.

Salary data is represented by the regions of Armenia upon sufficiency of data for each region.

The results of the survey are provided in PDF and MS Excel formats in English and Armenian.

We guarantee full confidentiality in respect to any and all information shared in the process of the survey preparation.

To familiarize yourself with the report’s structure please view a Demo Version of the 2017 Report.

In 2020, we plan to conduct the following surveys in Armenia:

 

  • General Industry Survey

    General Industry Survey Timeframe

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices   AMD  380,000
    Price for non-participants, VAT exclusive:
    Salary Data  AMD  590,000
    HR Policies and Practices AMD  500,000
    Salary Data & HR Policies and Practices AMD  900,000

    Industry reports

    Industry reports include remuneration data for industry-specific jobs as well as information regarding benefits and HR policies and practices specific to the selected industry.
    EY developed specialized Job Description Manuals with industry specific jobs for more than 10 industries.

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey.

    The leading companies from different sectors of economy working in Armenia took part in compensation and benefits survey in 2017.

    Previous Participants of the Survey:

    Financial and Banking Sector:

    1. Ameriabank
    2. Anelik Bank
    3. Byblos Bank
    4. Central Bank of Armenia
    5. Converse Bank
    6. HSBC Bank Armenia
    7. Prometey Bank
    8. VTB bank (Armenia)
    9. Armenbrok Investment Company
    10. Central Depository of Armenia
    11. Farm Credit Armenia UCO
    12. FINCA UCO
    13. GoodCredit UCO

    Timeframe for Financial and Banking Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices   AMD  495,000
    Including General Industry Survey    AMD  630,000
    Price for non-participants, VAT exclusive:
    Salary Data AMD  890,000
    HR Policies and Practices AMD  710,000
    Salary Data & HR Policies and Practices AMD 1,340,000
     
    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey.
     
  • Mining Industry:

     1.    Polymetal

    Timeframe for Mining Industry Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  400,000
    Including General Industry Survey AMD  530,000

    Price for non-participants, VAT exclusive:
    Salary Data  AMD   805,000
    HR Policies and Practices   AMD   500,000
    Salary Data & HR Policies and Practices   AMD 1,150,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

  • Pharmaceutical Industry:

    1. Bayer
    2. Hoffmann – La Roche Armenian Representation
    3. Takeda Osteuropa Holding GmbH (Austria) 

    Timeframe for Pharmaceutical Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  400,000
    Including General Industry Survey AMD  530,000
    Price for non-participants, VAT exclusive:
    Salary Data  AMD   805,000
    HR Policies and Practices   AMD   500,000
    Salary Data & HR Policies and Practices   AMD 1,150,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

  • Telecommunications Sector:

    1. Armenia Telephone Company (“ArmenTel”)
    2. Vivacell-MTS

    Timeframe for Telecommunications Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices   AMD  495,000
    Including General Industry Survey    AMD  630,000
    Price for non-participants, VAT exclusive:
    Salary Data AMD  890,000
    HR Policies and Practices AMD  710,000
    Salary Data & HR Policies and Practices AMD 1,340,000
  • FMCG Sector:

    1. Oriflame Cosmetics
    2. Yerevan Brandy Company

    Timeframe for FMCG Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  400,000
    Including General Industry Survey AMD  530,000

    Price for non-participants, VAT exclusive:
    Salary Data  AMD   805,000
    HR Policies and Practices   AMD   500,000
    Salary Data & HR Policies and Practices   AMD 1,150,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

  • Nonprofit Sector:

    1. Eurasia Partnership Foundation
    2. Armenian British Business Chamber (ABBC)
    3. Open Society Institute Foundation

    Timeframe for Non-profit Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  365,000
    Including General Industry Survey AMD  595,000
    Price for non-participants, VAT exclusive:
    Salary Data  AMD   805,000
    HR Policies and Practices   AMD   500,000
    Salary Data & HR Policies and Practices   AMD 1,150,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

  • Other Sectors:

    1. Arminfo news agency
    2. NASDAQ OMX Armenia(Armenia Securities Exchange)
    3. American University of Armenia

    Timeframe for Other Sectors Surveys

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  400,000
    Including General Industry Survey AMD  530,000

    Price for non-participants, VAT exclusive:
    Salary Data  AMD   805,000
    HR Policies and Practices   AMD   500,000
    Salary Data & HR Policies and Practices   AMD 1,150,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

  • IT sector

    Timeframe for IT Sector Survey

    Data collection: June-July
    Issue of salary Report: August-September
    Issue of the HR Policies and Practices Report: August-September

    Pricing

    Price for participant companies, VAT exclusive:
    Salary Data & HR Policies and Practices AMD  455,000
    Including General Industry Survey AMD  590,000

    Price for non-participants, VAT exclusive:
    Salary Data  AMD   850,000
    HR Policies and Practices   AMD   670,000
    Salary Data & HR Policies and Practices   AMD 1,300,000

    Together with the survey, you will receive a copy of Job Description Manual and Organization Structure, used for the purposes of the survey. 

Benchmarking tool

We provide the participants with a free electronic tool for in-house benchmark analysis using the survey results.

The Benchmarking tool allows to compare salary levels in the selected company with respective market salary levels and calculate the amounts required for adjustment of salary levels according to the chosen market benchmark. The tool allows data representation in the form of diagrams and graphs for preparation of management reports.

Should you be interested in receiving additional information on the Survey or ordering a copy of the Final Report, please contact our Team.