Are your people getting the salary they deserve?
It is critical that base pay be “right,” meaning it should be distributed fairly within your organization and on-par with your competitors. Mercer’s Global Pay Summary provides data on annual base salary (ABS) and annual total cash (ATC) compensation for 50 consistent benchmark positions across industries from assistant to executive.
You’ll be able to compare pay scales without having to sort through volumes of survey data, allowing for easier decision-making. You’ll also have snapshots of salary information for each benchmark job within a given country.
Employee pay often represents a company’s largest expense. As businesses globalize, there is greater need for a transactional perspective that accounts for fluctuations in the price of labor between markets.
The 2017 Global Pay Summary report provides actionable information on current pay scale data. This detailed information will assist you in strategic planning and negotiations, presenting data in clear, easy-to-read tables. We illustrate salary differences by region, job family and country grouping, among others. Make better decisions faster.
No company can afford to overlook compensation strategy, since the risks of a poorly conceived and executed pay program include high turnover, suboptimal talent and failed ventures. Although compensation acts as remuneration for work provided, it can also motivate employees to exceed expectations in their performance.
When economic uncertainty forces firms to reduce costs, access to market data grants companies a highly valuable commodity: choice. Those able to identify cost-effective locations to expand or shift operations are better positioned to exploit the market. Indeed, knowledge of the variation in pay level across markets can offer management a significant advantage over competitors.