COMPENSATION DIAGNOSIS
Are you spending your compensation investments wisely?
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Mercer's compensation diagnosis helps to provide a comprehensive understanding of your company's remuneration policies and practices. With a compensation review of the process of managing and calculating salary compensation, the diagnosis will help you analyse the end-to-end compensation process. This diagnosis process will enable your company to detect salary issues, recognise pay patterns and, most importantly, identify the key areas to focus on in order to attract and retain key talent.
The compensation diagnosis will ensure that your compensation policies and practices are well aligned.
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EXECUTIVE REMUNERATION AUDIT
Does your remuneration committee need an objective view on current executive pay practices?
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To help you understand executive pay practices, Mercer's Executive Remuneration Audit provides an objective review and analyses of your executive compensation packages, offering impartial view to your remuneration committee in relation to pay policy, market pay level and related peer groups.
Each report will present a bespoke set of results and analyses in a format tailored to your remuneration committee's needs.
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DEVIATION REPORT
How does your pay practice measure up?
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Mercer's Deviation Reports can help you maximise the effectiveness of your company's remuneration policies and practices, by providing you with a better understanding of how people are compensated in relation to the market.
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MARKET PRICING
Helping you determine competitive pay levels in your organisation
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Market pricing jobs can help with your organisation's strategic goals and lead to greater employee satisfaction and productivity. Pay too little and retention, recruiting, morale and productivity will decline. Pay too much and your overpayments eat into your profit margins, a problem that compounds over time as your overpayment multiplies with planned increases and adjustments. Market pricing, if done properly, with quality tools and resources can enhance your company's success by supporting its business strategy with a competitively paid and motivated workforce.
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BENEFITS BENCHMARKING
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Benefits are key in attracting and retaining staff. Many companies do not understand how the value of their own benefits plans compares to the market place. Furthermore, employees do not fully understand the worth of their benefits package.
Mercer can help you compare and benchmark your benefits plan against the marketplace
and provide advice on the benefits plans that are both cost-effective and of high value to your employees.
Mercer can help you achieve this by offering the following services, all of which can be provided based on general industry, specific industry or a peer cut.
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