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Attracting new graduates and Gen Z with the right pay and perks image

Attracting new graduates and Gen Z with the right pay and perks

December 20, 2021

Across the board, employers are re-evaluating their employee value propositions (EVPs) to attract and retain talent with higher pay, more flexible hours, enhanced benefits, and better engagement. But what about new hires with little to no experience – should they be offered the same pay and perks?

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Compensation is going up. But, is it enough? image

Compensation is going up. But, is it enough?

December 14, 2021

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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Want to pay for skills? Five things to keep in mind image

Want to pay for skills? Five things to keep in mind

December 13, 2021

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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Five priorities for HR in Canada for 2022 image

Five priorities for HR in Canada for 2022

October 25, 2021

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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Using general industry and industry specific data to market price jobs image

Using general industry and industry specific data to market price jobs

October 25, 2021

This article will provide you with considerations around when to use general industry versus industry specific data – even when to use both!

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Four reasons why salary surveys are a must in 2021 image

Four reasons why salary surveys are a must in 2021

October 22, 2021

Accurate and timely compensation data hold even greater value this year as a new post-pandemic normalcy begins to take shape. Presently, the general economy appears to have stabilized and is starting to rebound. A closer look at the details reveals significant differences across industries, locations, and company sizes. The 2021 compensation trends we see in the data reinforce how simply aging salary survey data would be a mistake.

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First look at increase budgets for North America image

First look at increase budgets for North America

September 27, 2021

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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