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First look at increase budgets for North America image

First look at increase budgets for North America

September 27, 2021

While so many things related to the world of work have been thrust into relative upheaval, annual pay increases and structure adjustments seem to be untouched. With over 1,500 participants combined between Mercer’s US Compensation Planning and Canada Compensation Planning pulse surveys, we have a preliminary view into the annual compensation planning process underway right now. Take a look and see how this aligns with the budget you are planning for merit, total, and promotion increases and for salary structure adjustments.

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Retail talent shortage or labor shift? image

Retail talent shortage or labor shift?

August 27, 2021

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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Will increasing pay be enough to bring back the hourly workers? image

Will increasing pay be enough to bring back the hourly workers?

August 23, 2021

Whether it's an hourly talent shortage or a crisis, the fact remains that employers are struggling to find and keep hourly workers. Several large organization have already increased starting pay and/or their internal minimum wage in an attempt to attract and retain employees. So far though, increasing pay to attract hourly workers doesn't seem to be effective. What else are employers doing to get the much-needed hourly workers?

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The importance of ESGs in incentive plans image

The importance of ESGs in incentive plans

August 20, 2021

The use of Environmental, Social, and Governance (ESG) metrics in incentive plan design is expanding as ESG investment strategies are becoming the norm for many institutional investors. How are you incorporating ESGs into your rewards strategy?

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Four reasons why salary surveys are a must in 2021 image

Four reasons why salary surveys are a must in 2021

August 11, 2021

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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Market pricing 101: establishing a benchmark methodology unique to your organization image

Market pricing 101: establishing a benchmark methodology unique to your organization

July 30, 2021

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 job pricing is aligned with your compensation philosophy.

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Market Pricing 101: using general industry and industry specific data image

Market Pricing 101: using general industry and industry specific data

July 30, 2021

This article will provide you with considerations around when to use general industry versus industry specific data – even when to use both!

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Get ahead of the shifts in healthcare talent image

Get ahead of the shifts in healthcare talent

July 26, 2021

Looking for more insight on the impact of the healthcare talent shortage? We’ve got predictions of supply and demand for over 80 jobs in the US, down to the county level. Our insights will help you plan your talent strategy through 2031.

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