Let the experts at Mercer, help you dive into identifying and measuring whether your structure, ranges, and assignment of jobs to ranges might be misaligned. We’ll also look at some common compensation formulas that help you monitor how your salary structure is working.

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Across the board, employers are re-evaluating their employee value propositions (EVPs) to attract the new generation of worker. With a focus on higher pay, more flexible hours, enhanced benefits, and better engagement you can attract and retain the Gen Z talent you need.

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As a manager, open and honest discussions about pay are important yet difficult. In this article we’ll touch on how to foster transparency, build trust, and promote fairness in pay conversations to ensure a positive and productive work environment.

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From navigating limited budgets and approval processes to separating performance feedback from pay discussions, we delve into practical tips that empower you to foster open communication and transparency with your employees. By implementing these strategies, organizations can create a supportive environment where managers feel equipped to address pay-related concerns and deliver annual increase news effectively.

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Learn how to address pay compression issues and implement effective pay transparency practices for a fair and equitable workplace. Mercer provides insights and solutions to navigate these critical compensation challenges.

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One last look at what employers are forecasting for salary increase budgets for 2024 in Canada. This 2023 Mercer QuickPulse™ survey also has insights to share on promotions, off-cycle increases, salary structure adjustments, and some hot topics such as pay transparency.

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Whether you are new to the world of compensation or an experienced practitioner, run through these 10 tips and see what you might want to add to your toolbox.

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