Acquire & retain top talent with attractive remuneration packages
Frameworks for rewards programs that fulfill businesses and employees
Why is a skills framework necessary?
Provides clarity on how much to pay for critical skills
Brings transparency and lets employees know where they are at in terms of career progression
Aligns compensation and benefits with talent availability and job performance
Adjust rewards programs according to the market value of skills
Join 57% of organizations that already base salary benchmarking off skills
How compensation and benefits packages are evolving
Workforce management needs greater agility to identify, acquire, and retain high-demand talent.
Refining talent acquisition and retention strategies for the post-Covid landscape.
New salary benchmarks need to be built for increasingly prevalent digital skills, tech skills, and gig workers
Mercer Skills-Edge Suite: Implement skills-based remuneration packages
The objective approach to skills-based decision making
Skills Library is a comprehensive database that maps 2,600 unique skills to over 5,300 jobs in the Mercer Job Library. Incorporate skills planning into your remuneration budget and talent strategy in no time with our skills adoption roadmap and skills tools.
Our Skills Library skills according to the following traditional metrics to help map out your current bench strength and identify the skills needed for your team to succeed:
- Competency level
- Qualifications & certifications
- Hard & soft skills
- Region-specific needs
Reward critical skills according to organizational impact
Skills Pricer is a self-service web application that gives insight into how skills influence the remuneration within individual jobs. Identify the skills which are most valuable to your organization with Mercer’s skills-based market approach to talent retention and acquisition.
Our interactive platform uses machine learning to provide the most accurate data on salary benchmarking, market demand, and how important skills are in comparison to one another.
Backed by real-time data inputs and Mercer’s Total Remuneration Surveys — the world’s most comprehensive source of salary data — our proprietary algorithm will offer reliable guidance on how much your organization should invest in rewarding, attracting, retaining, and upskilling talent.
Skills Pay Planner
Eliminate bias and uncertainty with objective pay-for-skills AI
Skills Pay Planner is an AI-driven tool that offers intelligent pay recommendations to individual employees based on skill premiums, budget, performance, and business strategy.
Make informed decisions and eliminate individual bias during compensation planning reviews with Skills Pay Planner’s AI-driven pay suggestions that help automate compensation and benefits recommendations through algorithms that analyze and learn from your company’s data.
Learn from historical data analytics, fine-tune your current business strategy, and improve retention strategies with Skills Pay Planner to prevent critical talent from becoming flight risks in the future.
A large R&D organization in Singapore faced issues with developing an upskilling culture among its employees. Although the contributions of researchers working in the organization were paramount, the skills agenda was scattered and misaligned with employee pay and career scales.
Working together, Mercer and the R&D organization addressed a wide range of issues to achieve this fundamental transformation.
- It’s difficult to attract and retain the skills required to transform for the future.
- Our traditional compensation methods are not aligned with new workforce requirements for agility and flexibility.
- The lack of transparency in our compensation programs is an obstacle to building employee trust with the organization.
- We don’t know which skills are most valuable, and we’re concerned we’re over- or underpaying for the wrong skills.
Determine which skills are most valuable to your organization.