Asia HR Information at a Glance
Tackle complex HR issues with cutting-edge
knowledge on the Asian region
What is Market Value Services
Mercer's
Market Value Services — the process of determining competitive
pay levels for specific jobs in a defined external market. Our
service offers you a unique avenue to customise salary
solutions for your employees in the region.
Thousands of
clients have used our market value services to tailor salaries
for individual jobs or specific market sectors and industries.
Working with our analyst to define what is important for the
job, we help you price a job or a position in your industry. We
are a reliable and quality information provider as we have
access to the world's largest salary database. Combined with
our extensive knowledge of the marketplace, we are the
definitive salary information source.
You can use
market pricing when:
The analysis
we do for you is of high quality as the job is priced by an
experienced analyst who has instant access to Mercer’s indepth
remuneration database.
Our reports
are available in electronic copies. We take 3 working days for
2-3 positions and 5 working days for anything above 4-6
positions.
Fees
Please contact us for more information on pricing.
Discount policy:
for 3-8
positions: 5%
for 9-14 positions: 10%
for 15-20 positions: 15%
for over 21 positions: 20%
This
service is available only to organisations. We do not provide
this information to individuals for their personal
use.
Frequently Asked Questions
Q: Why
is there a need for MVS?
A: The service helps you assess the competitiveness of your
organisation’s pay levels relative to others competing for the
same human resource talent. The salary information also
provides a foundation for the development of your salary
structures.
Q: Can
I choose from a selected group of companies to do my
comparison?
A: Yes, a minimum 10 companies are needed to do the comparison.
However if there is insufficient data for the job(s), we will
extract information from Mercer’s All Industries database
instead.
Q: Can
I have the raw data instead?
A: Due to confidentiality clauses, Mercer does not release raw
salary data to our clients. To maintain confidentiality of all
our data, we require a minimum number of cases to be able to
provide statistics for a variable. For example, in order for
the 10th and 90th percentiles to be displayed, we require five
organisations reporting at least 10 cases to arrive at the
variable.
Q: Can
I have the list of companies that the position is matched
to?
A: We cannot provide the list of companies from which the
positions are matched. However we can provide you the list of
participants for the industry from which the data/positions are
extracted from.
Q:
What is Mercer's IPE (International Position
Evaluation)?
A: The International Position Evaluation is a tool for
organisation analysis. It helps clarify relativities among
positions. It is complimentary, not an alternative, to
competency assessment and performance management. By utilising
position evaluation as well as tools for competency assessment
and performance management, an organisation is able to build a
highly effective, integrated and balanced approach to human
resources management.
Q: How
was IPE Version 3 developed and tested for validity?
A: IPE has been used by thousands of companies both as the
basis for their grading structure and as a means to market
norms for compensation. IPE has proven to be an accurate
predictor of market value for base salary in surveys conducted
worldwide. The validity of IPE Version 3 as a measure of market
worth has been tested using data from numerous surveys prior to
its launch. Those tests have shown that the IPE system
continues to be an accurate measurement criterion for
predicting market value in terms of compensation.
Q:
What typical benefits information can I get for the positions I
am looking for?
A: Currently Asia collects prevalence information for various
types of benefit plans. There are four employee categories –
Top Management, Management, Professional and Staff level. For
example, the data will show you the percentage of organisation
that will offer car allowances to the professional sales staff.
The benefits items include company car provided, car
allowances, loans, health benefits, insurance, retirement plan,
club membership, among others.
Q: Can
your data be aged?
A: Yes, we use the salary increase figure which is collected
from our Total Remuneration Survey report. We then apply an
appropriate aging factor for the industry and the type of
position being benchmarked. However, we do not recommend aging
data that is over 18 months.
Q:
What is the format that the MVS will be reported in?
A: A screen shot of the sample report is attached. The report
will be delivered in softcopy (pdf format) to the
client.
Q: How
long does a job pricing take?
A: Upon receipt of your confirmation to proceed with the
project, you can expect delivery of the report within 3 working
days for 2-3 positions or 5 working days for anything above 4-6
positions.
Q: Am
I able to price a position outside of Asia region?
A: Yes. All GIS regions offer market value services. The cost
of the project, the compensation elements priced and the report
format will vary depending on local databases and pay
practices. The Regional GIS – Asia contact can put you in touch
with the appropriate local MVS co-ordinator directly. You may
prefer this approach if you have a multi-country pricing
project.
Q:
What kind of information do you require before market pricing a
position?
A: We require specific information which you need to fill in a
form. The form covers all the essential information that we
need to undertake the job pricing. View the electronic form. Once we
receive the request, our analyst will contact you to confirm
details of the pricing and to make sure we understand the
position to be benchmarked and any other special
needs.
Q: Do
you have a bulk discount policy?
A: Bulk discounts will be determined on a case by case
basis.
Q:
What is the difference between MVS and TRS?
A: Total Remuneration Survey is cost-effective for an
organisation which has 20 employees or more. It provides
company trendline and deviation reports to enable a company to
position itself against the market. TRS covers over 200 actual
market data based on All Industries survey report. Market Value
services is a reference compensation data for the specific
position benchmarked whereby the report is based on specific
positions. The position we are pricing is based on actual
market data which is extracted from the compensation segment of
Mercer’s TRS database.
Contact
For any query, please contact us at HRsolutions.ap@mercer.com or +65 6327 5377.
