Compensation Planning is Vital in Uncertain Times

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Compensation Planning is Vital in Uncertain Times

The global economic crisis was encompassing in its impact on markets worldwide, but some markets rebounded better than others. Regardless of level of recovery, however, businesses in all regions share a common struggle: compensation planning in an age of diminishing supply of key talent. Mercer’s 2014 Global Compensation Planning Report guides multinational organizations through the latest market studies and wage analyses to aid in attracting, motivating, and retaining the right people for the right jobs. A complimentary companion guide, Compensation Planning 2015, also is available and offers local insight from Mercer experts in 34 markets.

“Compensation is the single biggest expense for most companies in today’s knowledge-driven economy, accentuated by the continuing tough economic environment and limited internal resources,” says Samantha Polovina, the Mercer Principal responsible for the report. “An overcautious company that pays less than market risks losing its best performers. To get the right people in the right jobs requires efficient and effective forecasting, planning, and budgeting.”

Learn more about compensation practices around the world.

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