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2024 Annual increase budgets are forming image

2024 Annual increase budgets are forming

September 14, 2023

In the recently published Compensation Planning Survey, part of Mercer QuickPulse™ survey series, we are seeing a lower that expected annual increase budget and a stabilizing labor market. Read more on projected budgets for 2024 and how you can easily access the results to help you finalize our 2024 increase budget.

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Market Pricing 101: using general industry and industry specific data image

Market Pricing 101: using general industry and industry specific data

September 07, 2023

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

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Why you need salary surveys image

Why you need salary surveys

August 14, 2023

Accurate and timely compensation data holds even greater value this year as the dynamic between employee and employer continues to shift. This complex labor market means that there is no shortcut or substitution for valid, quality annual salary survey data and compensation reports.

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Preparing for the compensation planning season image

Preparing for the compensation planning season

August 02, 2023

Use these compensation tips to get the information necessary for constructing logical pay structures and identifying top talent.

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Market pricing 101: establishing a benchmark methodology unique to your organization image

Market pricing 101: establishing a benchmark methodology unique to your organization

August 02, 2023

Are you ready to take your market pricing to the next level? Develop and implement a benchmark methodology to increase your accuracy, efficiency and consistency and be sure your job pricing is aligned with your compensation philosophy.

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Tips for linking leaders’ performance goals to corporate success image

Tips for linking leaders’ performance goals to corporate success

June 23, 2023

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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Types of pay structures – which is best for my organization? image

Types of pay structures – which is best for my organization?

May 25, 2023

There are many different structure designs and not all support the same sort of pay management. Let’s take a look at the many different types of pay management constructs and consider how they might work for various employee populations and organizational cultures. Do you have the best pay structure for your organization?

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The Evolution of Compensation image

The Evolution of Compensation

May 24, 2023

As the world of work continues to change, what does that mean for pay? Employers are considering different ways to motivate employees and drive performance while being able to source the skills and talents they need to compete in a rapidly changing environment. Take a look to see....

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