You can be confident that using Mercer’s 2020 US MBD/TRS data, published in August, reflects the go forward market. While we did ask employers for additional data, to see if there were additional pay actions as a result of the pandemic, we found that there was very little change. Here is the executive summary of the data refresh for both MBD and TRS within the United States.

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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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Earlier this year, as the pandemic was unfolding, Mercer and other vendors were asking you to participate in salary surveys. We heard concerns that first quarter data was not going to be useful when planning for 2021. We sprang into action and launched a refresh in June. Read on to find out why you can confidently use Mercer’s 2020 survey data when planning for 2021.

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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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Times of uncertainty naturally make us feel overwhelmed and anxious. It's tempting to spend time on other essential activities and choose not to participate in compensation and benefits surveys and maybe to even consider compensation surveys as a variable cost that you can reduce this year. Not now; you’re going to need this data.

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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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Discover how intuitive new software and applications can streamline your organization’s compensation planning efforts.

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Managing hourly pay is not as simple as it might seem. Several key factors need to be considered in order to set hourly rates and their progression in a way that aligns with the work and will motivate employees to achieve the desired results. In this article we explore the four most common types of hourly pay structures and the circumstances when each would best be suited.

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