industry solutions

life sciences

Align your talent strategies to the market to secure key employees

"Business as usual" may have been the call across many Life Sciences organization during this pandemic, but it is safe to say that COVID-19 had an impact on the way business is done. Whether implementing work from home policies for non-essential employees, defining new protocols for those on-site, or revising sales goals, targets, and incentives to align with individual and company performance through the market changes, there has definitely been a shift. Let Mercer help you find the data and insights you need to ensure your compensation strategies and employee value propositions are aligned for success.

Evaluating your pay strategy

Whether looking to revamp your sales incentives, tweak your total rewards strategy, or pinpoint market data for new jobs in your space, Mercer has data to help. Our insights and surveys will allow you to easily assess your current level of pay versus the labor market as well as identify opportunities for adjusting incentives.

Listening to your people

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

Refreshing your policies

Do your policies and practices need a revamp given how quickly the world of work 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.

Making tough decisions

When making difficult choices related to layoffs, furloughs and hours-cuts, 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.