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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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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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.

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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.

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