Earlier this year, as the pandemic was unfolding, Mercer and other vendors were asking you to participate in salary surveys. We heard concerns that first quarter data was not going to be useful when planning for 2021. We sprang into action and launched a refresh in June. Read on to find out why you can confidently use Mercer’s 2020 survey data when planning for 2021.

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Though the headlines would have you believe that employers are all reducing their workforce and cutting pay, according to Mercer’s May edition of the 2020 US Compensation Planning Pulse Survey, that doesn’t exactly seem to be the case.

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Times of uncertainty naturally make us feel overwhelmed and anxious. It's tempting to spend time on other essential activities and choose not to participate in compensation and benefits surveys and maybe to even consider compensation surveys as a variable cost that you can reduce this year. Not now; you’re going to need this data.

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The fastest-growing jobs this decade are largely driven by tech, but mastery of distinctly “human” skills is still important. Get information on the rapidly-evolving workforce in 2020 here.

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Budgets for merit-based salary increases have remained flat for years, meaning your company should be looking to other avenues for incentivizing and retaining top-performing employees. The use of performance-based bonus is an attractive option for doing so, but only when executed correctly.

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In response to client feedback, Mercer Job Library has been carefully designed to provide enhanced job content, consistent survey data collection, and intuitive results analysis, resulting in a vastly improved client experience. Learn more about this new job catalog as part of the 2018 survey season release.

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Before you breathe a sigh of relief and submit your budget for the coming year, ask yourself one question, “Have I considered all the aspects of our employees’ experience?” Employers are awakening to the need to consider all the elements that impact an employee’s life – not just the employee’s work life – and how to design offerings and programs that position them to stand out in the eyes of candidates. Where are you in that journey?

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Shifting your culture to adapt to the new world of pay transparency won’t happen overnight, but is crucial to staying relevant and successful. Is your organization ready?

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