Business results are driven by people. But what are people driven by? Look at your balance sheet and you won’t see any line items that reflect your employees’ enthusiasm, engagement, or energy levels. These intangible factors are the key to employee satisfaction, and can be the basis to crafting a compelling value proposition for your organisation.
Improve performance with planned remuneration and benefits
Take advantage of local and global remuneration data and insights
Improve employee engagement with tailored rewards and
Effective rewards strategy design means embracing the needs of a diverse, multigenerational workforce. Gen X-ers, millennials, and baby boomers of all backgrounds are working together. It’s a beautiful thing — and something that demands a more nuanced rewards strategy than ever before. After all, “rewards” means something different to different people, at different times in their lives, and in different parts of the world. In the era of choice, how you design and deliver this cornerstone of the employee value proposition is the biggest retention lever you can pull.
An even greater challenge that lies beyond creating a flexible framework for a diverse workforce is anticipating jobs that have yet to be created. The next generation of workers will be asked to fill many roles that don’t even exist today. But how can you plan for what you don’t know?
Compensation is less important for Generation Y but is a key driver for Baby Boomers. To personalise their value proposition, companies have begun using personas to identify what matters most to target populations and to operationalise their total rewards program for distinct groups.
How we can help
As unique as each person’s career is, we can make your rewards structure easier and more efficient with solutions like job levelling across your organisation and the world, job architectures that help your employees build careers and dynamic career frameworks that guide your rewards decisions.
Mercer can help you to develop meaningful workplace rewards that can help you:
Why partner with us?
Mercer’s workforce rewards and incentives consultants are trusted advisors to public- and private-company senior management and boards of directors. We’re committed to providing the best-in-class expertise in the areas of workforce rewards and incentives and benefits, pay-performance alignment, and corporate governance.
Our workforce rewards and incentives advisory services are founded on:
In a business environment of constant change and flux, many Sales Incentive Plans are legacy systems of old ideas and quick fixes. They hold sales teams back from achieving their goals.
Mercer’s ‘workshop thinking’ and unique market overview will help you align your strategy, culture and vision with a custom Sales Incentive Plan that will keep your team performing.
Contact Mercer today and get 2020-ready
Learn about the Workforce, Rewards and Talent solutions Mercer provides ...
Explore the range of tailored Workforce, Rewards and Talent consulting services, products and workshops Mercer provides clients to create thriving workforces.
To learn how Mercer can assist with your organisations Superannuation Fund Administration complete the form below and a Mercer Consultant will be in contact with you.