Mercer’s March edition of the Canada Compensation Planning pulse survey confirmed once again that the pandemic had little to no impact for the majority of companies when it came to rewarding employees. As we begin to navigate the new normal, what’s on their minds in terms of compensation planning for 2021?

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With many employers going through reductions in force in Q4 and, even more importantly, establishing budgets and compensation strategies for 2021 and beyond, this year’s salary surveys will have quite a story to tell. Using aging data, rather than participating in salary surveys and purchasing fresh data, would definitely be a mistake for a variety of reasons. Why, you might ask? Let us explain.

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With so many more employees working from home than ever before, companies are having to revisiting their flex working policies and that includes the amount of financial support that should be given. In this article Mercer suggests taking an “all things considered” approach. What does that mean? Read on to find out!

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Here they are – the much asked about annual increase and structure adjustment projections for 2021! However, will they continue to change? We think they might.

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If you’re trying to manage employee benefits, compensation, and health and safety for more than one country, with all the recent governmental programs, your head is probably spinning. Don’t you wish there were an easy way to keep track of the many countries under your purview? Read on to learn more about a new tool that would ensure that you have the best information at your fingertips.

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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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Budgets for merit-based salary increases have remained flat for years, meaning your company should be looking to other avenues for incentivizing and retaining top-performing employees. The use of performance-based bonus is an attractive option for doing so, but only when executed correctly.

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