Did employers stay true to their budget projections for 2024? Explore the results of the first of three US Mercer QuickPulse™ - Compensation Planning Surveys. Some numbers may surprise you!

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Did employers stay true to their budget projections for 2024? Explore the results of the first of three US Mercer QuickPulse™ - Compensation Planning Surveys. Some numbers may surprise you!

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Actual merit and total increases delivered in Q1 of 2023 indicate that employers are tapping the brakes on compensation. Take a look at how their spending compared to budget as well as their approach to other pay adjustments and pay transparency.

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So, are you curious? I know I am. There is the continued anticipation of a recession and the labor market remains tight, yet companies report they are in a ”growth” stage. Just how did employers spend their annual increase budget?

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A dedicated Compensation team fulfills a key role in many successful organizations. However, at some point, you may find yourself in a position where you need to convince leadership to invest in that team. Here's a consultant's perspective on the importance of building a strong Compensation team instead of relying on other departments to fill in the gaps.

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Employers are actively managing their total rewards offerings and they're having success! Take a look at the results of our new QuickPulse^™ survey focused on total rewards and recognition to see if your total rewards offerings are adding up.

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Employers are actively managing their total rewards offerings and they're having success! Take a look at the results of our new QuickPulse^™ survey focused on total rewards and recognition to see if your total rewards offerings are adding up.

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