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Learn which factors impact pay the most and how pay differs relative to the market average.
Online version can be viewed in English, French, Spanish and Portuguese!
This is the perfect partner to: Global Pay Summary
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Create a solid foundation for your pay structure and use your compensation budget wisely to help you attract and retain the right talent while also balancing your budget.
You can now buy Mercer’s Compensation Drivers and Global Pay Summary as a bundle to access the information you need, while saving money!
Use your compensation budget wisely
Every market is unique and has its own nuances. By understanding which demographic factors (industry, location, job family, etc.) influence pay the most, you can start to build a pay structure that works for your organization and the markets where you operate. A well designed pay structure, that is properly aligned with the market, not only helps to retain employees by ensuring pay is competitive, but also allows you to hire into your organization while staying within your budget.
Key data reported
- Key drivers of pay
- Market pay differentials by key driver
Key drivers included
- Career level
- Employee age
- Geographic region
- Geographic scope of responsibility
- Headquarter country location
- Job family
- Job level
Note: Not all drivers are reported in every market.
Published: February 2023
Next release: February 2024