Times of uncertainty naturally make us feel overwhelmed and anxious. It's tempting to spend time on other essential activities and choose not to participate in compensation and benefits surveys and maybe to even consider compensation surveys as a variable cost that you can reduce this year. Not now; you’re going to need this data.

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Budgets for merit-based salary increases have remained flat for years, meaning your company should be looking to other avenues for incentivizing and retaining top-performing employees. The use of performance-based bonus is an attractive option for doing so, but only when executed correctly.

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Check out the highlights from Mercer’s 2020 Canada Geographic Salary Differential Tool to get a head start on your compensation planning.

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In response to client feedback, Mercer Job Library has been carefully designed to provide enhanced job content, consistent survey data collection, and intuitive results analysis, resulting in a vastly improved client experience. Learn more about this new job catalog as part of the 2018 survey season release.

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Discover how intuitive new software and applications can streamline your organization’s compensation planning efforts.

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Before you breathe a sigh of relief and submit your budget for the coming year, ask yourself one question, “Have I considered all the aspects of our employees’ experience?” Employers are awakening to the need to consider all the elements that impact an employee’s life – not just the employee’s work life – and how to design offerings and programs that position them to stand out in the eyes of candidates. Where are you in that journey?

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Are you ready to take your market pricing to the next level? Develop and implement a benchmark methodology to increase your accuracy, efficiency and consistency and be sure your market pricing is aligned with your compensation philosophy.

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