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Mercer WIN® is more than a salary survey delivery platform, it's an online tool that allows you to simplify your compensation data analysis while also maximizing your reporting capabilities. Here are five ways Mercer WIN helps you manage your data analysis that many clients are surprised to discover are just a click or two away!
Every organization has jobs that are hard to benchmark to the market because the work these employees perform spans several areas. Rather than spending lots of time figuring out how to allocate the work across job A and job B, and then to figure out appropriate salary ranges across the two positions, do it all quickly, systemically, and with greater accuracy using Mercer WIN. Using the Combine Jobs functionality, select your positions (two or more!) that align to the work performed, hit submit, and start evaluating. With this built-in functionality, ensure accurate payroll budgeting is in place for even your toughest salary survey matches.
While it is important to keep up with overall and industry compensation trends, sometimes you need to dig in further to understand how your compensation strategy compares to a specific set of peers or competitors. By defining your peer group within Mercer WIN, quickly identify where you might be overpaying or underpaying employees relative to your unique competitor set. And this salary data comparison is available on demand, so simply select the 10+ organizations you want to compare salary information against and get started. You can set up multiple peer groups to evaluate your compensation strategy from every angle. This functionality is available using the Refine Market button, which is a custom feature for compensation survey participants.
Survey results should give you the salary data you need to make strategic decisions based on your corporate compensation strategy, not preset or rigid data points. If your compensation philosophy is to pay employees at the 67th percentile, no big deal! Adding reporting metrics within Mercer WIN to show custom percentages (or other modifiers) is easy. And you don't have to remember to change the view for every survey you use or each time you log in. You can save your custom view to use across sessions or surveys. With the ability to tailor your analytics using the Edit button, account for things like:
Salaries in the market, as well as in your own organization, change rapidly due to the development of new positions, employee departures, and new hires. You may find that you need to answer the question, "Where are we now in terms of pay competitiveness?" To answer this question, you need to age the data from the surveys (using the effective dates of the data) to the current date and then compare the results to your current salary levels. It sounds complicated, but the good news is that this process doesn't have to be complicated with Mercer WIN. You already know the effective date of your survey and have likely determined the point in time to which your salary survey data should be aged; you just need to determine the percentage to use in approximating competitive salary movement during that time period. Numerous sources can be used to identify actual and projected salary movement, including Mercer's Compensation Planning Survey. Once you determine the salary movement percentage you want to use, enter your dates and percentage into Mercer WIN and it does the rest. The tool will age the data and then apply it to your survey results.
One added perk of being a survey participant is the ability to quickly gauge your employee compensation competitiveness relative to the market. Since your organization's data is factored into the survey results, view your organization's participation data in the same view as the overall market data to determine at a quick glance where you're overpaying or underpaying. Access this feature using the Compare My Data functionality.
On the flip side, you can also exclude your participation data if you want to see the results without your employee salaries skewing the viewpoint. Access this feature using the Refine Market button.
Watch the Mercer WIN video to learn more about how Mercer WIN can help your organization maximize your data analysis capabilities with customizable, integrated reports and data.
Already a Mercer WIN User? Login to the WIN platform to try out these suggestions’. Need more help with Mercer WIN? Contact us at firstname.lastname@example.org or 855-286-5302 today!