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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Discover how intuitive new software and applications can streamline your organization’s compensation planning efforts.

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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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Managing hourly pay is not as simple as it might seem. Several key factors need to be considered in order to set hourly rates and their progression in a way that aligns with the work and will motivate employees to achieve the desired results. In this article we explore the four most common types of hourly pay structures and the circumstances when each would best be suited.

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