When asked what they plan to budget for 2024, respondents reported a decrease in the size of the average projected annual increase budgets for both merit and total increases compared to 2023. Read more on the findings of the Compensation Planning Survey, and see how you can easily access the end of year results.

Read Article >

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

Read article >

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 job pricing is aligned with your compensation philosophy.

Read article >

Long-term incentives are considered a standard piece of the rewards package and key drivers of engagement for many employers and employees. However, selecting the right performance metrics and determining how outcomes lead to payout are critical to ensuring this vehicle is able to drive home alignment to the company’s overall success. Read through the helpful tips and considerations shared by Ryan Cameron, one of Mercer’s incentive design experts to find out if your LTI plan is in need of a tune-up.

Read article >

There are many different structure designs and not all support the same sort of pay management. Let’s take a look at the many different types of pay management constructs and consider how they might work for various employee populations and organizational cultures. Do you have the best pay structure for your organization?

Read Article >

Mapping your executive positions to the correct survey jobs is important – not only for survey participation but for market pricing. It can also be a little challenging. Here are some helpful tips to help you think about mapping executives to best reflect the leaders in your organization.

Read article >

So, are you curious? I know I am. There is the continued anticipation of a recession and the labor market remains tight, yet companies report they are in a ”growth” stage. Just how did employers spend their annual increase budget?

Read Article >