Holidays Worldwide Vary Greatly by Country

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Managing a globally mobile workforce can be complex, and even seemingly small areas of benefits (such as paid holidays) must be considered when attracting and retaining employees. Mercer’s Worldwide Benefit & Employment Guidelines provides an overview of mandatory and private benefit practices, statutory regulations, and employment conditions across 64 major economies to help HR directors of multinational companies govern policy and make the most efficient decisions on behalf of the company and its expatriates. “All companies must be aware of public holiday practices in the countries in which they operate, but it can become more difficult for employers doing business in multiple markets and with overseas movement of employees,” says Samantha Polovina, the Mercer Principal responsible for the report. “If an employer misses the mark on holiday offerings or if benefits that expatriates held in their home country are not comparable in the new location, it can have an adverse effect … Learn more

December 15, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Employers Hold the Line on Health Benefit Cost Growth

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US employers took action on several fronts to hold growth in the average per-employee cost of health benefits to just 3.9% in 2014, according to Mercer’s National Survey of Employer-Sponsored Health Plans. While this was a bigger increase than last year’s, it is still well below the 7% average rate of growth over the past 15 years. Mercer’s nationally projectable annual survey includes public and … Learn more

December 9, 2014 | Categories: Other | Tags: | 0 Comments | Leave a Comment »

Non-traditional Solutions Can Improve Women’s Workforce Progression

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Non-traditional solutions to address the unique needs of women can have a positive impact on an organization’s long-term ability to engage and retain female talent, according to new global research from Mercer, When Women Thrive, Businesses Thrive. The research, which analyzed workforce data for more than 1.7 million employees in 28 countries, including more than 680,000 women, identifies what … Learn more

December 2, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Short-Term Incentives: Job Family and Location Matter

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To stay within tight budgets yet effectively motivate their skilled workforce, some employers shift more employee compensation from a fixed-pay approach to one that relies on variable compensation to a greater extent. This remuneration is affordable from a company’s perspective because awards are typically tied to specific, measurable, and agreed-upon financial performance goals, according to … Learn more

November 24, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Patchwork of US Marriage Laws Burdens Businesses, Families

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For American businesses, inconsistent marriage laws impose a significant economic burden – specifically, a $1.3 billion annual cost. As marriage confers a host of legal and social privileges, the irregular landscape generates a host of administrative and compliance requirements for employers who must establish and maintain multiple benefits policies and HR-related systems that apply to same-sex … Learn more

November 18, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »