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How much larger will increase budgets be in the US for 2023? image

How much larger will increase budgets be in the US for 2023?

September 19, 2022

Annual increase budgets and salary structure adjustments are higher than previously reported in 2022, but will they go higher? 2023 US compensation budget projections.

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Mercer's got your back! image

Mercer's got your back!

August 17, 2022

It's time to start looking toward the future and plan for the upcoming year. Let’s face it — the past few years have been a doozy and focusing on a new year, hopefully with a fresh start, is welcome. You may have questions about which surveys to purchase and what other perks to offer employees to keep them engaged. Learn how Mercer is responding by taking actions to provide you with the most up-to-date, accurate data and insight to support your decision-making.

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5 ways to elevate your compensation analysis with Mercer WIN® image

5 ways to elevate your compensation analysis with Mercer WIN®

August 08, 2022

Learn how Mercer WIN can help your organization maximize your data analysis capabilities with customizable, integrated reports and data.

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A practical guide to market pricing image

A practical guide to market pricing

August 01, 2022

Whether you’re new to compensation or an experienced practitioner, every now and then it’s helpful to return to basics to review some fundamentals. Explore tips and tricks from a veteran compensation practitioner.

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Cost of living versus cost of labor image

Cost of living versus cost of labor

April 11, 2022

Now that many employees are working from home for the foreseeable future, organizations are considering the impact that flexibility has on what they need to pay. As employees look to relocate from the cities to lower cost of living areas, does that mean their pay should be adjusted accordingly? In this article, two of Mercer’s senior consultants talk about the continued importance of understanding cost of living and cost of labor when determining pay.

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First look at increase budgets for North America image

First look at increase budgets for North America

September 27, 2021

While so many things related to the world of work have been thrust into relative upheaval, annual pay increases and structure adjustments seem to be untouched. With over 1,500 participants combined between Mercer’s US Compensation Planning and Canada Compensation Planning pulse surveys, we have a preliminary view into the annual compensation planning process underway right now. Take a look and see how this aligns with the budget you are planning for merit, total, and promotion increases and for salary structure adjustments.

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Four reasons why salary surveys are a must in 2021 image

Four reasons why salary surveys are a must in 2021

August 11, 2021

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

Market Pricing 101: using general industry and industry specific data

July 30, 2021

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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