Determining the right pay for hourly positions poses many challenges. Getting your hands on the right data that gives you local data as well as a broad range of skill sets can be difficult. Until now! With Mercer Hourly Compensation Tool, you will no longer have to piece together your hourly pay rates using not-the-best-fit data and anecdotes from managers and employees.

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Organizations that are still succeeding and planning for the future have one thing in common – they’re advancing their digital journey. Who are they looking to for help? The tech companies. The pressure on the tech industry to deliver innovative solutions is greater than ever before. And maximizing operational efficiency is critical for these companies moving at the speed of light. Learn about two invaluable tools that can help tech companies thrive today and plan for tomorrow.

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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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