Mercer announced today the April 2014 release of its talent-focused technology solutions portfolio Talent Impact™. Helping clients to better forecast, engage, mobilize, reward, assess and develop their workforces, The April 2014 Talent Impact release includes more than 100 new and improved features and functionality for its 5 million users across nearly 500 client organizations in 26 markets and 16 languages. Many of these new features will be highlighted during complimentary, one hour Mercer webcasts held May 5 (4pm EDT), May 6 (7am EDT), May 7 (9pm EDT) and May 8 (11 am EDT). To learn more and to register for the webcasts please visit www.mercer.com/talent-impact.
“We are very pleased and proud to announce our latest Talent Impact release,” said Lisa Sterling, Partner and Global Product Leader of Talent Technology Solutions. “Our reward and analytics-related enhancements are particularly important to our user community as they offer cutting-edge visualization and support features along with a unique combination of reference benchmarks, multi-source market data and job evaluation that has become critical in job compensation decision making.”
The enhancements found in the April 2014 Talent Impact release include:
Streamlined Compensation Benchmarking and Position Leveling
Mercer’s compensation benchmarking capabilities have been expanded to support Mercer’s proprietary Internal Positioning Evaluation (eIPE) methodology. HR staff members often find it challenging and complicated to produce timely answers to questions about a job or role and have to use multiple resources to find information on levels, compensation benchmarks and other market data. With job leveling combined with compensation benchmarks, users can now easily and quickly identify and explain pay-related decisions for a given position in terms of its value to the organization and how it compares to outside pay benchmarks (see Figure 1).
Enhanced Market Pricing Client Experience
Mercer’s compensation management systems have long been the industry standard for compensation professionals in accessing and analyzing benchmark data sets. The April 2014 Talent Impact release adds the ability to simultaneously interact with multiple jobs, make job scope modifications in real time and centralize all market views.
Enhanced Workforce Analytics and Reporting
Mercer has enriched a number of key capabilities that further enhance clients’ ability to better forecast their workforce needs. One of the most powerful capabilities is a new visualization for Internal Labor Markets (ILM Map) that includes employee data, updated projections and a step-by-step tutorial for ILM creation. In addition, the latest Mercer Talent Impact release brings together analytics and organizational viewing by integrating them into one central point to determine how a particular client’s workforce looks today and what it will most likely look like in the future (see Figure 2).
About Talent Impact™
Mercer’s Talent Impact (www.mercer.com/talent-impact) delivers the powerful combination of consulting insights and market information enabled with the right technology that in turn empowers better decisions surrounding organizations most important asset – their people. Talent Impact helps clients better forecast talent needs, engage employees for maximum productivity, mobilize workforces for strategic growth, reward key performers, assess organizational talent and develop key skills and competencies. Follow Talent Impact on Twitter @TalentImpact.
Mercer is a global leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s 20,000 employees are based in more than 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.