There’s no time for “down time.” When you wrap up your key objectives for the fiscal year, it’s time to get to work on new priorities to maximize efficiency in the coming year. By being proactive, you’ll be able to hit the ground running and achieve amazing things.

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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 US Compensation Planning Pulse Survey, that doesn’t exactly seem to be the case.

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Have you heard the term “new collar”? Read along as we dive into the newest workforce trend focusing on skills development and on-the-job training over traditional markers like 4 year degrees. We’ll cover what jobs are new collar, who's filling these positions and why all this should matters to your organization.

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More and more workers today are looking for the option to work remotely. With the help of modern technology, it’s a perfectly realistic option for many. Offering virtual work opportunities could be an attractive strategy for you as an HR professional, but it’s not ideal for every situation. Are you ready to start developing your virtual work policy?

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Budgets for merit-based salary increases have remained flat for years, meaning your company should be looking to other avenues for incentivizing and retaining top-performing employees. The use of performance-based bonus is an attractive option for doing so, but only when executed correctly.

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Part of managing a compliant, effective self-funded medical and pharmacy plan is conducting regular audits. In this article, Mercer’s experts have identified several areas of concern that should be reviewed during your next audit to ensure that you don’t leave plan dollars on the table and are meeting your fiduciary obligations.

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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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Now that remote work has become commonplace, what will the impact be on pay? Tauseef Rahman, a Partner at Mercer, expects the impact to be less than you might expect.

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