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.
The journey towards pay transparency is fraught with challenges but it’s also ripe with opportunities for those who navigate it early and effectively
A five-step playbook to guide the way on the path to pay transparency:
-
Assess your readinessReview your compensation foundation
-
Set your destinationAddress key questions around where you’re headed
-
Plan for the journeyAddress the gaps and risks in your current environment
-
Share your storyDeploy your plan and go live
-
Measure the impactMeasure your success through data and insights
is Global Rewards Solution Leader at Mercer
is Pay Equity & DEI Leader Europe & UK
Career Workforce Solutions Leader, U.S
Regional Industry Lead, APAC
is Pay Equity & DEI Leader Europe & UK
Global Pay Transparency Solutions Leader
Related products for purchase
-
TAAP+Available in a range of different options, get easy access to the data, tools and insights you need to lead your organization toward success.
-
Explore off-the-shelf courses available for HR training today
Access the most impactful learning experiences from our learning eco-system.
Related solutions
-
Attract & retain talent
Strategic workforce planning
Mercer’s strategic workforce planning solutions provide a rational business basis to prioritize, develop and fund the people practices needed to support business… -
Talent & transformation
Organization design
Mercer’s organization design consulting can help you transition from a traditional multilayered organization to a simple, agile and distributed structure. -
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…