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The impact of COVID-19 on executive pay image

The impact of COVID-19 on executive pay

July 01, 2020

Organizations around the world are dealing with economic uncertainty and financial strain as a result of the COVID-19 pandemic. One very visible action that companies are taking is to reduce pay, starting at the top. CEOs of many prominent companies have either completely given up their salaries or taken significant pay cuts temporarily. Take a look at our helpful framework to determine whether adjusting executive pay is the right move for your organization.

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Mercer’s got your back … 75 years and counting  image

Mercer’s got your back … 75 years and counting

June 29, 2020

Many of you are now starting to look to the future and plan for 2021. Let’s face it — 2020 has been a doozy. You may have questions about your compensation philosophy, which surveys to purchase, and what other perks to offer employees to keep them engaged. We hear you. Read on to learn how Mercer is responding by taking new actions to provide you with the most up-to-date, accurate data and insight to support your decision-making in this challenging time.

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COVID-19 – Little to no impact on rewards practices image

COVID-19 – Little to no impact on rewards practices

June 25, 2020

In June’s version of the Canada Compensation Planning Pulse survey, participants were asked about how they are handling other compensation management decisions, beyond annual base pay increases. Their response — to simplify, is that it’s business as usual.

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Most employers are staying the course image

Most employers are staying the course

May 27, 2020

Though the headlines would have you believe that employers are all reducing their workforce and cutting pay, according to Mercer’s May edition of the 2020 Canadian Compensation Planning Pulse Survey, that doesn’t exactly seem to be the case.

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CA Compensation Planning Survey Pulse – April Edition image

CA Compensation Planning Survey Pulse – April Edition

April 28, 2020

Earlier this month, Mercer conducted the 2020 US Compensation Survey – Monthly Pulse. Given the current economy and dynamism of the labor market, we decided to take the “pulse” of employers right now to find out how the COVID-19 crisis may or may not have impacted 2020 salary increase budgets and implementation. Take a look to understand how others are handling merit and total increases for 2020 and beyond.

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A message from our US & Canada survey leader image

A message from our US & Canada survey leader

April 17, 2020

Many clients have asked about the reliability of our compensation data in light of the COVID-19 pandemic and resulting market volatility. We share that concern and are taking action now so that the surveys we publish in Q3 are relevant and accurately reflect the market. In this brief video Belinda Roberts, Survey Leader for the US and Canada, talks about some of the specific things Mercer is doing now to address these concerns.

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Why survey data (still) matters image

Why survey data (still) matters

April 15, 2020

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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