Global Pay Transparency Report
Behind job security, fair pay is the number-two reason workers stick around
Mercer’s Global Pay Transparency survey report through its research highlights that the biggest underlying risks come from business outcomes that might or might not be met across retention, attraction and engagement.
Pay transparency is quickly becoming a basic requirement for organizations across the world. In spring of 2024, 1,160 respondents headquartered in different regions around the globe participated in Mercer’s 2024 Pay Transparency Survey, seeking to understand how various organizations are approaching the changing landscape of pay transparency, as well as meeting employee expectations for more pay disclosure. In this report, we share those findings.
57% companies globally are assessing the competitiveness of their pay levels and for compensation structures.
The time to act on pay transparency is now.
A five-step playbook to guide the way on the path to pay transparency:
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Assess your readinessReview your compensation foundation
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Set your destinationAddress key questions around where you’re headed
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Plan for the journeyAddress the gaps and risks in your current environment
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Share your storyDeploy your plan and go live
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Measure the impactMeasure your success through data and insights
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Pay Equity & DEI Leader Europe & UK
Global Pay Transparency Solutions Leader