When it comes to getting remuneration right, more money isn’t always the only solution. Instead, remuneration is moving toward greater data insights, smarter incentive programs and more targeted benefits. So if money isn’t the only answer, how can your organisation better utilise remuneration data to stay ahead of new trends?
Mercer's Total Remuneration Survey (TRS) 2017 is now available! Reporting on almost 200,000 incumbents from 742 organisations, this is our most robust edition yet! If you would like to avail of the participant rate, you can purchase now and participate in 2018.
Australia: from USD 6,250
NewZealand: from USD 3,250
Please note non-participant rates are twice the participant rate
Interested to know more? Here’s a sneak peek into the reporting you can expect to receive:
Interesting results from TRS 2017 on the subject of Employment Cost. For the first time since 2009, employment cost increases have dropped below 3% (based on reporting at career level). Tight salary increase budgets are creating some winners and losers. Direct labour and support staff are looking at getting larger increases at 3% while the overall median is 2.8. Both professional and management sales are getting lowest increase at 2.5%. We suspect short term incentives will be used to lessen the negative impact on the sales team in general. Unfortunately, this is a downward trend, based on more recent study and interaction with clients we believe this will further decline to 2.5% at the median.
Join 700+ Australian organisations from a broad spectrum of industries that are currently participating in Mercer’s Total Remuneration Survey (TRS), the most comprehensive guide in compensation and benefit practices in the market.
TRS aims to provide market data for cross-industry jobs, publishing results yearly to provide readers with an in-depth overview of remuneration movements and forecasts across a broad range of industries and professions.
The same methodologies are applied to an average of 800 cross-industry and industry-specific jobs in most countries. This means using one consistent data source locally, regionally, and globally.
Gain access to more than 100 markets and all industry-specific results.
A rigorous data validation process ensures reliability of submitted data.
Online tools enable the analysis of Survey data according to individual needs while measuring competitiveness in specific markets.
Salaries are a little like Australia’s housing market. Understanding that there are markets within markets is essential to accurately forecast remuneration within your industry, profession, and organisation.
By participating in Mercer’s Total Remuneration Survey, you will gain access to valuable data which will enable you to:
- Tailor an analysis of remuneration trends specific to your desired job function.
- Gain insight on the value of your total reward packages as you compare them against those of other specific market-competitive organisations.
- Access to survey overview including market pay trends relative to prior years and a summary of all economic, political, and labour trends in the country.
- Access to actual market data providing local insight for over 1,000 positions to help you determine which jobs are more competitive within the market.