Global Pay Transparency Report 

   
  
Into clear view: Mercer's Global Pay Transparency Report illuminates the state of pay transparency worldwide
This report explores the importance of pay transparency for organizations worldwide and the need for them to act decisively. It highlights the increasing expectations for pay transparency among candidates and employees and the challenges organizations face in meeting these expectations. It also discusses the different approaches and strategies organizations are taking to achieve pay transparency, as well as the regional variations in pay transparency readiness. This report  emphasizes the importance of aligning pay transparency step strategies with global business goals and provides a five-step playbook for organizations to navigate the complexities of pay transparency. 

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. 

The journey towards pay transparency is fraught with challenges but it’s also ripe with opportunities for those who navigate it early and effectively
Gordon Frost, Global Rewards Solution Leader

A five-step playbook to guide the way on the path to pay transparency: 

  1. Assess your readiness
    Review your compensation foundation 
  2. Set your destination
    Address key questions around where you’re headed
  3. Plan for the journey
    Address the gaps and risks in your current environment
  4. Share your story
    Deploy your plan and go live
  5. Measure the impact
    Measure your success through data and insights 
About the author(s)
Gordon Frost

is Global Rewards Solution Leader at Mercer

Lea Lonsted

Pay Equity & DEI Leader Europe & UK

Lauren Mason

Career Workforce Solutions Leader, U.S

Manisha Mehta

Regional Industry Lead, APAC

Lucye Provera

Pay Equity & DEI Leader Europe & UK

Tauseef Rahman

Global Pay Transparency Solutions Leader

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