Over the last several years, this has been largely a “rinse and repeat” process for compensation teams as budgets have remained steady at 2.5% to 3%. But pressures have continued to mount over the past several months with both inflation and quit rates being at 20-year highs. This has resulted in many employers taking a harder look at compensation plans for 2022.

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This article will provide you with considerations around when to use general industry versus industry specific data – even when to use both!

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Accurate and timely compensation data hold even greater value this year as a new post-pandemic normalcy begins to take shape. Presently, the general economy appears to have stabilized and is starting to rebound. A closer look at the details reveals significant differences across industries, locations, and company sizes. The 2021 compensation trends we see in the data reinforce how simply aging salary survey data would be a mistake.

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Retailers are being particularly hard hit by the talent shortage. Just what is going on and what can be done to bring the workers back?

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Enjoying your summer? We hope so! Want to get a leg up on the busy season in the fall? Here are four easy things you can do to set yourself up for success.

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Now that many employees can work from an entirely different region, how should pay be determined? And what if a worker needs to travel to the physical office occasionally — who should bear the costs? As companies implement long-term remote work policies for the post-pandemic world, it’s important you have the answers as an HR professional.

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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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