Shifting your culture to adapt to the new world of pay transparency won’t happen overnight, but is crucial to staying relevant and successful. Is your organization ready?

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Salary benchmarking only gets easier with each passing year, assuming you’re a repeat participant in the same compensation surveys. Do you know why? Here you’ll find out everything you need to know about repeat participation and why it’s such a valuable asset for your organization.

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Curious about how to thrive in your new role as a compensation professional? Explore insightful tips and strategies that will help you understand industry dynamics and empower you to excel in your career.

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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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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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