Market remuneration benchmarking & salary review support
Mercer regularly analyse roles, structures or entire organisations and provide our clients with accurate market remuneration information.
We first evaluate the positions using our International Position Evaluation Methodology (IPE) to ensure we have the correct scope and size for comparative purposes. We then compare the role to data from a wide range of sources to provide our clients with an accurate picture of the market. This includes the ranges for base salary, total cash remuneration and the key benefits on offer. We maintain a comprehensive market remuneration database across sectors within the Irish market.
Our remuneration consultants can advise on peer group selection and market positioning within pay ranges. They can also advise on interpretation of differing market data sources and compensation management more generally.
We regularly assist organisations with their pay review process to ensure the business remains competitive in a changing market. Our salary review consulting services include the following areas:
- Comparison of remuneration to market
- Advice on salary review budgets in line with prevailing market conditions
- Linking salary reviews to performance management and business performance
- Advice on salary review process, management and sign off