Rewards
In a world of rapid and constant change, attracting and retaining talent through a robust total rewards program is more challenging than ever. Leverage Mercer's expertise in pay fairness and transparency to ensure you're future-ready and able to offer a compelling employee value proposition.
95% of employers plan to invest in total rewards over the next 12 months.
It's time for change
Massive disruption in recent years has led to a significant change in what employees want, with well-being and flexibility at the heart of their desires.
This image highlights how massive disruption (global pandemic, war, political discourse, social un rest, inflation, labor shortage) is changing what employees want with well-being and flexibility at the core of their needs.
Four actions for getting started
Mercer recommends four actions you can take to redesign your total rewards strategy with a focus on sustainable differentiation:
-
Lead with listening
-
Get to the heart of the issue
-
Identify where you want to shine
-
Engage for impact
Amplifying intelligence in total rewards
Total rewards teams already work with huge volumes of data to make informed decisions around compensation and benefits. Amplified intelligence happens when artificial intelligence (AI) bridges gaps in our knowledge to stimulate new standards of work quality, decision-making and value creation. As AI advances, leading firms are experimenting with amplified intelligence, such as:
-
Predictive performance analytics
-
Pay equity and transparency
-
Rewards and recognition
-
Executive compensation
Five strategies to future-fit total rewards
Achieving success in total rewards requires balance. Employers seek cost-effective, well-benchmarked plans that attract top talent. Employees desire more of everything. However, with constrained budgets, it's becoming increasingly difficult to meet the diverse needs of today's employees.
Related products for purchase
-
Job evaluationLearn how to apply IPE’s precise job evaluation and leveling methodology to your organization's job structure and put it into practice when using Mercer's TRS data.
-
Compensation data
Compensation Fundamentals
Build your team’s knowledge with a selection of mircolearning on some of the foundational concepts and activities related to compensation.
Related solutions
-
Employee experience design
Mercer’s employee experience design uses design-thinking principles to define and shape solutions to meet your people’s needs more effectively and to bring out the… -
Total rewards
Flexible Benefits
Flexible benefits: How to personalize employee benefits and improve employee well-being. Learn how flexible benefits can help employers attract and retain top…
Related insights
-
Future of work
3 key questions to kickstart your AI transformation
Successfully transform you organizations with AI -
Investments
Where next for private markets and hedge funds in 2025?
Mercer's latest paper examines alternative investment asset classes, potential benefits and the myths holding investors back
Related podcasts
-
Future of work
Transforming for the future podcast
Stay ahead of the curve by embracing transformation, exploring new ways of working, and reinventing their employee experience. -
Critical-thinking podcast
Critical thinking℠
Hear about the latest market themes, new ideas, opportunities and what’s shaping the future of asset management in our global investor podcast series.