Organizations around the world are dealing with economic uncertainty and financial strain as a result of the COVID-19 pandemic. One very visible action that companies are taking is to reduce pay, starting at the top. CEOs of many prominent companies have either completely given up their salaries or taken significant pay cuts temporarily. Take a look at our helpful framework to determine whether adjusting executive pay is the right move for your organization.

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In June’s version of the Canada Compensation Planning Pulse survey, participants were asked about how they are handling other compensation management decisions, beyond annual base pay increases. Their response — to simplify, is that it’s business as usual.

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It is more important than ever before for businesses to move fast in differentiating themselves in their last-mile capability. As necessary as it is to move quickly, it is also vital to make decisions that will stand them in good stead for the longer term. Read on to hear how this important shift is impacting retail.

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Though the headlines would have you believe that employers are all reducing their workforce and cutting pay, according to Mercer’s May edition of the 2020 Canadian Compensation Planning Pulse Survey, that doesn’t exactly seem to be the case.

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With the uncertainty and instability from the global pandemic, it’s important for businesses now more than ever to be ready for the unexpected. If an executive or key player in your company needed to step back, would you be ready to fill the gap that person left behind?

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Mercer’s Global Talent Trends found that in North America, most employees (63%) believe their organization does not effectively balance economics and empathy when making decisions. Leading companies listen intently to their people and show they care by nudging them towards brighter futures.

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The COVID-19 pandemic has turned the world of work — and life in general — upside down. Strong employee engagement is always critical to the success of your organization. In the current climate, it’s even more essential. Discover why it’s so important to check in on your employees right now and how to do it effectively.

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