Recent social and economic disruption have created opportunities to reflect, reset, and reinvigorate total rewards and the employee experience. Employee rewards strategies are being reshaped to navigate uncertainty and build agility. Employees, societies, and governments are calling for fair, equitable, and transparent pay practices that are aligned with labor markets, roles, and expectations. The most effective, diverse, and inclusive rewards strategies are rooted in data and analytics.
Watch video: Hear how to reinvent your rewards strategy for value, flexibility, and sustainability.
Learn how future-focused companies are rewriting the rules on rewards.
It is not enough to offer great pay and benefits. Employees expect – and need – more from their employer. An expanded view of employee rewards considers programs and levers that differentiate your employee experience.
According to Mercer’s 2021 Global Talent Trends Study:
At work, people want to grow, develop, be protected, be part of a community, and have the ability to affect something greater than themselves. Organizations that create energizing employee experiences will continue to win in the competition for talent.
We help employers attract, retain, engage, and motivate their workforce by:
Mercer approaches developing total rewards strategies with four key tenets:
Considering the perspectives of the employer, employee, market, and cost.
Using a rich fact base to measure employee sentiment and behavior.
Identifying segments within your workforce with unique needs and values.
Promoting engagement with rewards programs to drive behavioral change.
Our employee rewards experts offer guidance, tools, and resources to tailor and effectively deliver and measure your rewards strategy. Key capabilities include:
Our experts will help you create an employee rewards strategy that raises the performance bar, enhances productivity, and elevates business results. Our expertise in total rewards, as well as all aspects of HR, is both deep and wide. You will gain access to expert guidance and robust data sources to inform your strategy and create a compelling employee experience. With our vast experience and data-rich resources, we can help you to reinvent your total rewards strategy to achieve value, flexibility, and sustainability.
Learn how Mercer can help you create rewards that elevate the employee experience, educate, and engage.
For more information about Mercer’s employee rewards offerings, enter your contact details below.