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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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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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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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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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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How is your organization doing when it comes to setting realistic targets, identifying gaps, and prioritizing data-driven decisions that will ensure your diversity, equity, and inclusion (DEI) initiatives are on track? This article looks at 4 powerful benchmarks for technology-focused companies.

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In a world that still contains a great degree of uncertainty, planning for the next 12 months feels harder than normal. We asked several Mercer consultants what they see as priorities for HR professionals in 2021. Read on for the top 5 topics you should be talking about in the new year.

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