Global Compensation Planning Report – 20 Year Look Back
This report is a unique offering for HR and business managers around the world interested in learning how historical trends in the economic market impact private industry salary decisions. By contextualizing salary increase data around the world during one of the most turbulent economic periods since the Great Recession, the report offers important lessons and observations in how the world of work is affected by the world around us.
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Mercer’s Global Compensation Planning Report – 20 Year Look Back helps HR and corporate managers gain key insight into historical trends for business-critical data. Whether you’re interested in how the global recession impacted emerging markets or which countries experienced the biggest economic swings over the last 20 years, this publication offers an invaluable roadmap of the broader forces affecting our global business environment.
The publication covers the impact of the recession on salary increases and salary increase trends by country and career level, and it includes a comparison of salary increases and economic changes over the years. Covering 63 countries, it is a reliable source of information on economic and salary increase trends across six career levels (executive, management, professional sales and nonsales, and white and blue collar para-professional) found in most organizations. GCPR-20 Year Look Back offers 20-year view of:
- Pay increases
- Economic indicators (GDP changes, inflation, and unemployment rates)
How can the Global Compensation Planning Report – 20 Year Look Back help you?
How does GDP, unemployment, and inflation affect your compensation strategy?
Companies that neglect inflation when devising salary increases can do their employees a great disservice; if inflation exceeds salary increases, employees can experience a net decrease in their real salary. Learn how to account for and offset these challenges.
How did the global recession impact emerging markets and regions around the world?
Although no market was truly unaffected, those markets most integrated with the US financial system (European banks, Central and South American currency markets, and East Asian consumer product manufacturers) bore the brunt of the impact, while other regions ploughed on with minimal interference. See which markets bounced back the fastest.
How did the global recession affect salary increases?
In many markets, failing companies and rising unemployment drove the broader labor market into a supply-driven cycle, relinquishing the need for high salary increases in order to retain key talent.
Mercer’s Global Compensation Planning Report – 20 Year Look Back is organized into the following sections:
- The Summary of Key Findings section serves as an executive summary for those looking for Mercer’s insights and observations. This section is optimal for anyone looking for notable outliers in over the last 20 years, analysis of prevailing trends, and further information on the interaction of salary increases and economic forces.
- The Regional sections provide critical data to those looking to learn more about specific countries or markets. The regional sections are presented in geographical groupings, each of which contains country-specific information. Country data includes economic timelines, salary increase trends, and the impact of the global recession. For the benefit of the reader, the data is broken into three distinct periods over the last twenty years: pre-recession (1995-2007), during recession (2008-2009), and post- recession (2010-2015). The report divides the covered countries into the following regions:
- Asia Pacific
- Eastern Europe, Middle East, and Africa
- Western Europe