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Compensation management effectiveness Europe

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Compensation Management in Europe - Download the Highlights Report

Maximizing compensation management effectiveness in Europe

Last updated: 4 February 2010

What's new?

Coats plc appoints Mercer - Mercer has been appointed to provide Coats plc with ePRISM PRO®, an online hosted compensation management tool, and will also supply annual market data to support the ongoing process and analysis work.

Webcast: Executive compensation in financial services: Current state and future expectations - 12 January 2010.

UK Human Resources Conference 2010 - Performance through people: From passive or checked out to engaged and productive - 16 March 2010, London. This one-day event will explore how to drive improved business performance through effective employee engagement.

2009 Global Compensation Planning Report

This year’s report includes 89 countries and has enhanced coverage of emerging markets in Central and Eastern Europe, Asia, the Middle East and Africa. Global Compensation Planning Report is the leading source of information on economic and salary increase trends, and includes observations on GDP, inflation and employment indicators.

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Mercer’s Compensation Management Index (CMI)

The CMI has been developed to help organisations make a quick analysis of the effectiveness of their compensation management capability in these unprecedented times. The index takes five to ten minutes to complete.

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Launch the index

Web briefing: Maximizing compensation management effectiveness - what European organisations are telling us

In recent years the processes for managing compensation have received as much attention as the amounts being awarded. Despite the fact that companies report increasing competition for talent, budgets remain at their lowest levels in several years. This is prompting the compensation function to increase the sophistication of the processes that it applies to ensure that the business maximises the value derived from the spend on rewards.

Mercer researched European businesses to understand how they manage compensation, and held a web briefing to discuss the findings of the various surveys and interviews conducted recently on this topic. During this presentation, we offered answers to a series of questions related to compensation management.

How is HR transforming and how does this affect compensation management; and which key factors are driving compensation design? How is compensation management resourced (in-house v outsourced)?

What level of resources do companies have for managing compensation and how do these numbers vary by company size and ownership? What compensation technology is used, and are companies investing in this area?

Are employees satisfied with rewards and how does satisfaction correlate with commitment to the company?

And are we really paying for performance? How is compensation distributed across the organisation, and what commitment is required for reward management (versus other HR functions)?

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Feature articles on Compensation Management

Improving compensation management through co-sourcing - Learn how organizations are getting the most from their internal compensation resources and contributing more to their organizations’ overall success through a concept called compensation management co-sourcing.

Multinationals strive to balance global and local compensation design, administration - This article is based on a presentation delivered by Darrell Cira and Corinne Carlson of Mercer, along with two Mercer clients, at the 2007 WorldatWork Total Rewards Conference & Exhibition.

The future of compensation in Spain: Market trend - Employers in Spain are taking steps, through their reward programs, to more closely align individual and corporate objectives, effectively turning employees into participants in their organizations’ success.

Managing human capital in Russia – The new “Hot spot” section debuts in this issue of the newsletter. It is designed to showcase an emerging or intriguing economy and its unique human capital challenges. In this article, two Mercer experts discuss current economic and human capital trends in Russia.