With many employers going through reductions in force in Q4 and, even more importantly, establishing budgets and compensation strategies for 2021 and beyond, this year’s salary surveys will have quite a story to tell. Using aging data, rather than participating in salary surveys and purchasing fresh data, would definitely be a mistake for a variety of reasons. Why, you might ask? Let us explain.

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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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A strategic and adaptable internal communications approach can mitigate risk and elevate the employee experience to bring substantial value to the organization. Learn how to develop an effective internal communication strategy in this article.

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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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If you’re trying to manage employee benefits, compensation, and health and safety for more than one country, with all the recent governmental programs, your head is probably spinning. Don’t you wish there were an easy way to keep track of the many countries under your purview? Read on to learn more about a new tool that would ensure that you have the best information at your fingertips.

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Have you put together your 2021 annual increase budget yet? If you haven’t, you’re not alone. With all the uncertainty in the air, it seems compensation planners are waiting longer than usual to work on their budget. Take a look at what else we heard from respondents to the Compensation Planning Survey Pulse July edition.

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