While wages are climbing higher, other elements besides pay such as meaningful work and purpose, are also critical drivers for workers desire to stay or go.

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Reliable survey data is now more essential than ever in today’s hyper-competitive labor market. Survey participation gives you the edge in shaping the future of your workforce.

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Mercer's survey findings show an overwhelming increase in flexible working in 2021 compared to pre-pandemic times. Greater flexibility has been achieved by the Life Sciences companies surveyed through the implementation of many changes; however, despite these changes, only 4% of the companies surveyed reported decreased productivity.

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Over the last several years, this has been largely a “rinse and repeat” process for compensation teams as budgets have remained steady at 2.5% to 3%. But pressures have continued to mount over the past several months with both inflation and quit rates being at 20-year highs. This has resulted in many employers taking a harder look at compensation plans for 2022.

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You’ve heard of “pay for performance.” But many organizations are shifting the way they hire and promote from a job-centric point of view to a skills-centric point of view. Perhaps, then, “pay for skills” is a more appropriate way of compensating people to help attract, build and retain critical skills. Here are five things to consider.

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While it may seem early to be thinking about 2023, this year many employers are starting the strategic planning process 12 months in advance of the next open enrollment – in other words, now! But if you’re just getting started, here’s help. We asked a number of Mercer experts to each pick one burning issue for employers in 2023 and beyond – and to offer some advice on how to address it.

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Following two incredibly disruptive years, the workplace continues to demonstrate its resilience and forge ahead. There are several priorities for HR to focus on in order to position an organization for success in 2022 and beyond.

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Even though 81% of US employers say they are committed to improving Diversity, Equity, and Inclusion, only 40% set formal, quantitative goals or targets for DEI outcomes like representation, according to recent research conducted by Mercer. The for metrics will help you identify challenges within your organization to set targets today.

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