A well-designed salary structure is critical in attracting, engaging, and retaining key talent. Employers need to carefully weigh multiple factors when reviewing–and creating–competitive salary structures that support corporate objectives.
The 2013 edition of Mercer's Structure of Salaries around the World report provides insightful information on current trends in salary structures and their components for key job families and career levels in 79 countries across three regions–the Americas; Asia Pacific; and Europe, Middle East, and Africa. This report is specifically designed for global HR professionals to:
- Motivate and retain employees in established and emerging markets.
- Optimize profit margins by effectively managing labor costs.
- Supply data to create local pay packages that are both equitable and competitive.
Structure of Salaries around the World