Pay Band Tool 2.0

Develop and compare your company pay bands with the market and manage compensation analysis consistently


Pay Band Tool 2.0 SKU_459

  • Consider these questions:

    • Do you have a grading/levelling structure in place in order to develop and maintain pay bands in your organisation?
    • Would you like to utilize Mercer’s market data in a new consistent way?
    • Are you looking for an analytical, simple-to-use, yet rigorous tool to support you in the management of your compensation structure and to allow for easy budget modeling options?
    Pay Band 5 Key Aspects of Compensation Graphic

    Mercer’s Pay Band Tool 2.0 helps you design pay bands based on market and/or internal company data. It provides a pragmatic approach for managing compensation across all your locations through the creation of consistent pay bands.

    The tool allows effective compensation data maintenance that can be performed on a year-over-year or ad-hoc basis. Different ways of presenting the results allow both high-level budget estimations and in-depth incumbent-based analysis, such as deviation from the market or internal compa-ratio.

    With use of this Excel-based solution, you can model different aspects of your pay bands in a coherent manner, including the definition of midpoints, pay range widths or grade overlaps for each compensation element from base salary to total remuneration.

    Request a Full Demo of this Tooll
    • Tool Features
    • Key Applications
    • What's new in version 2.0?
    • Pricing and Brochure
    • Contact Us

    Tool Features

    01

    Mercer’s Pay Band Tool is Excel based and easy to administer and set up.

    You can compare your company's data vs. market and manage compensation analysis effectively.

    The basic features of the tool are administered through the intuitive user interface.

    02

    Create and maintain pay band structures

    Mercer’s Pay Band Tool allows you to design your pay bands for the different countries in which your organization operates in a consistent way on a yearly basis.

    It gives you a fast overview of the current positioning of your employees in the band.

    You may adjust selected pay bands in defining different bandwidth and smoothing the progressions based on the specific market’s environment.

    03

    Budget modelling and cost control

    For each pay band, the distribution of employees is shown, including associated cost to minimum and cost above maximum.

    Potential cost of adjustment to band structure is displayed by band, by gender or overall and allows for forward-looking pay planning.

    04

    Deviation analysis – incumbent’s view

    Next to the numerical and graphical analysis of where all of your employees lie in the band, you can also look at detailed deviation analysis for each employee, from base salary to total remuneration.

    This gives you the opportunity to identify reasons for possible outliers and define action plans if needed.

    Key Applications

    • Develop your relevant pay bands based on your grading structure and your compensation policy or based on market data. Adjust your pay bands and switch easily between standard and customised settings.
    • Analyse each employee’s pay deviation from the market by base salary and other compensation elements. Identify reasons for possible outliers and define action plans, if needed.
    • Review the cost of overpayment and cost of adjusting pay to fit into pay bands. Review data and charts by gender. Simulate new pay structure scenarios.
    • Communicate to your HR community and line management in a consistent way. Use the tool for communication purposes.

    What's new in version 2.0?

    • Pricing and Brochure

    Download Brochure

    Options Description Fee/Time
    New client: Tool setup Includes set up of the tool, uploading of the client’s data and market data, up to 30 countries, one market refinement per country. EUR 8,000*
    5 working days
    Existing client: Tool update to 2.0 version Includes set up of the tool, uploading of the client’s data and market data, up to 30 countries, one market refinement per country. EUR 3,000**
    5 working days
    Additional data upload/market data analysis Uploading more than 30 countries or not following the standard approach (e.g., additional refinements, combining families in unique way), benefits valution, etc. EUR 500+
    (depending on the scope)

    *The fee for Mercer's Pay Band Tool is a one-off project-based fee only. Custom scope requires contacting the Support Team for the feasibility check and fee estimation.

    **The reduced fee of EUR 3,000 applicable for a year from PBT 2.0 release.

    Contact Us

    For more detailed information on price, content, features and timing, please contact:

    Email: hrsolutions.ap@mercer.com

    • Sub TitleDevelop and compare your company pay bands with the market and manage compensation analysis consistently
    • Ordering TypePDF
    • IsOrderingSetNo
    • Compensation GridShow
    • Short DescriptionDevelop and compare your company pay bands with the market and manage compensation analysis consistently
    • RegionUS