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Have you determined your 2021 budget? image

Have you determined your 2021 budget?

July 28, 2020

Have you put together your 2021 annual increase budget yet? If you haven’t, you’re not alone. With all the uncertainty in the air, it seems compensation planners are waiting longer than usual to work on their budget. Take a look at what else we heard from respondents to the Compensation Planning Survey Pulse July edition.

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Most employers are staying the course

May 27, 2020

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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Why survey data (still) matters image

Why survey data (still) matters

April 10, 2020

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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What’s next? image

What’s next?

February 25, 2020

There’s no time for “down time.” When you wrap up your key objectives for the fiscal year, it’s time to get to work on new priorities to maximize efficiency in the coming year. By being proactive, you’ll be able to hit the ground running and achieve amazing things.

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The shifting purpose of base pay image

The shifting purpose of base pay

January 27, 2020

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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Managing employee compensation data with technology image

Managing employee compensation data with technology

December 31, 2019

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

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What’s the right pay structure for your hourly workforce? image

What’s the right pay structure for your hourly workforce?

October 30, 2019

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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Market Pricing 101: Establishing a benchmark methodology unique to your organization | Canada image

Market Pricing 101: Establishing a benchmark methodology unique to your organization | Canada

September 24, 2019

Are you ready to take your market pricing to the next level? Develop and implement a benchmark methodology to increase your accuracy, efficiency and consistency and be sure your market pricing is aligned with your compensation philosophy.

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