Reliable survey data is now more essential than ever in today’s hyper-competitive labor market. Survey participation gives you the edge in shaping the future of your workforce.

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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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While it may seem early to be thinking about 2023, this year many employers are starting the strategic planning process 12 months in advance of the next open enrollment – in other words, now! But if you’re just getting started, here’s help. We asked a number of Mercer experts to each pick one burning issue for employers in 2023 and beyond – and to offer some advice on how to address it.

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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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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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The use of Environmental, Social, and Governance (ESG) metrics in incentive plan design is expanding as ESG investment strategies are becoming the norm for many institutional investors. How are you incorporating ESGs into your rewards strategy?

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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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