industry solutions

financial services

Benchmark your salary offerings, total compensation, and rewards strategy against others in the financial industry.

Current and emerging technologies open up new opportunities across the financial services industry. Along with key digital skills, building a future-ready talent strategy requires an engaged, diverse, and agile workforce to optimize performance and execute the company's strategy.

A good salary is not always enough. Mercer has the relevant insights, data, and reports you need to make informed decisions about your talent strategy. Establish a firm foundation for the future by rethinking base salary and total rewards strategies to reevaluating key policies and practices. Most importantly, benchmark those decisions against others within the finance industry to make sure you are offering the most competitive packages.

Evaluating your pay strategy

As you advance along your digital journey, your compensation strategy and the type of positions critical to your organization will likely change. Identifying new skill sets, hiring strategically, and effectively motivating employees will be vital to taking your company into the future. Mercer's financial services salary surveys give you the data you need to ensure that your compensation strategy is appropriate now and well positioned to support your future growth, paying what you need to pay, both now and into the future.

Listening to your people

Employee engagement is key to leading with empathy, which according to Mercer's Global Talent Trends report, is a top concern for employers. But employee engagement is not a one-size-fits-all approach. And deploying an engagement survey is not the first step. Ensure your human resources team takes a look at engagement tools that can help you get the best out of your brightest by listening to your employees across the financial services industry.

Refreshing your policies

Do your policies and practices need to be revamped, given how quickly the work world has changed? Mercer's reports cover that and more, such as relocation, compensation administration, paid time off, flexible working, and benefits and perks. All go into creating an employee value proposition that supports your talent strategy. Find the information you need today for the financial industry.

Making tough decisions

When making difficult choices related to layoffs, furloughs and reduced hours with your financial professionals, it's important to remember that how your organization treats departing employees has a lasting impact on your employer brand. Get the tools you need to handle these tough decisions gracefully and be conscientious of your impacted employees' well-being.