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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With the uncertainty and instability from the global pandemic, it’s important for businesses now more than ever to be ready for the unexpected. If an executive or key player in your company needed to step back, would you be ready to fill the gap that person left behind?

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Mercer’s Global Talent Trends found that in North America, most employees (63%) believe their organization does not effectively balance economics and empathy when making decisions. Leading companies listen intently to their people and show they care by nudging them towards brighter futures.

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Many cities and states are establishing a $15 per hour minimum wage. How are retailers responding? They’re not all rushing to proactively comply. Instead they are considering how they reward and motivate employees beyond pay.

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The COVID-19 pandemic has turned the world of work — and life in general — upside down. Strong employee engagement is always critical to the success of your organization. In the current climate, it’s even more essential. Discover why it’s so important to check in on your employees right now and how to do it effectively.

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Earlier this month, Mercer conducted the 2020 US Compensation Survey – Monthly Pulse. Given the current economy and dynamism of the labor market, we decided to take the “pulse” of employers right now to find out how the COVID-19 crisis may or may not have impacted 2020 salary increase budgets and implementation. Take a look to understand how others are handling merit and total increases for 2020 and beyond.

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Layoffs are a challenging time for all involved. Following these five best practices for communicating layoffs to remaining employees will help to ease the transition and set up the organization for future success.

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