Shifting your culture to adapt to the new world of pay transparency won’t happen overnight, but is crucial to staying relevant and successful. Is your organization ready?

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Curious about how to thrive in your new role as a compensation professional? Explore insightful tips and strategies that will help you understand industry dynamics and empower you to excel in your career.

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One last look at what employers are forecasting for salary increase budgets for 2024 in Canada. This 2023 Mercer QuickPulse™ survey also has insights to share on promotions, off-cycle increases, salary structure adjustments, and some hot topics such as pay transparency.

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Follow along as we highlight any challenges that remain in the labour market and share some key strategies for attracting and retaining the best employees as we head into 2024.

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Mercer’s MBD and the 2023 Canada Turnover Report takes a look at what jobs are in demand jobs and what jobs have the highest turnover.

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Whether you are new to the world of compensation or an experienced practitioner, run through these 10 tips and see what you might want to add to your toolbox.

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When asked what they plan to budget for 2024, respondents reported a decrease in the size of the average projected annual increase budgets for both merit and total increases compared to 2023. Read more on the findings of the Compensation Planning Survey, and see how you can easily access the end of year results.

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