A dedicated Compensation team fulfills a key role in many successful organizations. However, at some point, you may find yourself in a position where you need to convince leadership to invest in that team. Here's a consultant's perspective on the importance of building a strong Compensation team instead of relying on other departments to fill in the gaps.

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Accurate and timely compensation data hold even greater value this year as a new post-pandemic normalcy begins to take shape. Presently, the general economy appears to have stabilized and is starting to rebound. A closer look at the details reveals significant differences across industries, locations, and company sizes. The 2021 compensation trends we see in the data reinforce how simply aging salary survey data would be a mistake.

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Retailers are being particularly hard hit by the talent shortage. Just what is going on and what can be done to bring the workers back?

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Over the last several years, this has been largely a “rinse and repeat” process for compensation teams as budgets have remained steady at 2.5% to 3%. But pressures have continued to mount over the past several months with both inflation and quit rates being at 20-year highs. This has resulted in many employers taking a harder look at compensation plans for 2022.

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In the first part of this Sundae Series we’ll explore how employers are looking at their total rewards strategy to compete in today’s chaotic labor market.

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Companies are racing to build smarter AI models and superintelligence capabilities, and the demand for AI talent is exploding. Currently demand for qualified candidates to fill these AI talent roles outnumbers the supply. So, how can you be sure to secure the AI talent you need to stay competitive? Read along as Crystyl Swanson, a Principle at Mercer with 20 years of experience, walks you through the who, the what and the why of recruiting for AI jobs.

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Mercer’s employee engagement tools will help you find out how your workers are feeling and what they need to excel so your organization can thrive.

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With employees on the move, planning for turnover across your talent strategy is easier when you consider these three aspects.

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