Global Compensation Planning Report – Global
This publication presents fresh salary increase and economic data for 146 markets in 125 countries around the world. In addition to economic indicators for each market in the report (including GDP growth and inflation and unemployment rates), this year-end GCPR update offers salary increase forecasts, including and excluding zeroes, that can assist HR professionals establish or calibrate their own salary increase budgets for the upcoming year. With data that cover the past (2016), current (2017), and upcoming (2018) years and isolate six different career levels, this report is a critical resource for working HR professionals responsible for the annual compensation planning process.
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GCPR is a reliable source of information on economic and salary increase trends across four career levels (executive, management, professional, and para-professional), and offers past year, current year, and future year (projected) information:
- Pay increases
- Economic indicators (GDP changes, inflation, and unemployment rates)
- Regional overviews
- Short-term incentives and labor market information
How can the Global Compensation Planning Report help you?
What is the average raise for employees in your markets?
Compensation data is usually a closely guarded secret, making it incredibly difficult for employers to compare their rates with their competitors. This report gives you reliable data on what other companies in your market are planning.
How do the projected salary increases in my markets compare to those in similar markets abroad?
Knowing what’s happening in your market is important, but don’t overlook what’s happening around you. Higher or lower salary increases now can affect the turnover and labor market tomorrow.
Which of your employees should be eligible for short-term incentives?
While most employees’ primary concern is base salary, short-term incentives (STIs) make up a considerable portion of take-home pay for employees in certain roles. See which employees are eligible for STIs in each market, as well as their median target and actual bonuses.
Mercer’s 2017 Global Compensation Planning Report is organized into the following sections:
- The Summary of Key Findings serves as an executive summary for those looking for Mercer‘s insights and observations. This section focuses on forecasted figures for 2018 and highlights the countries within each region with the highest and lowest GDP growth, inflation, or unemployment rates, and salary increases.
- The Economic Trends section includes basic economic indicators (GDP change, inflation rate, and unemployment rate) for each market in the report. These key pieces of data are provided for each market, in a quick reference table format. Tables are organized by region.
- The Salary Increase Trends section contains quick reference tables with salary increase data, including and excluding zeroes, for each market in the publication, separated by career level.
- The Short-Term Incentive Trends section includes country level data on the prevalence of bonus programs and the median target and maximum bonuses for six different career levels.
- The Country Pages offer specific data for individual countries, including economic trends, base salary practices, and incentive programs. They also include details on the data sources used.
- The About this Report section delineates the methods of data-gathering and cleaning used for the report and lists key definitions.