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 couples who live under the patchwork quilt. A new report, The Cost of Inconsistency, from Marsh & McLennan Companies and its subsidiaries Mercer and Oliver Wyman, in partnership with Freedom to Marry and Out & Equal, shows how it is experienced by private-sector US businesses and families. “Freedom to marry for same-sex couples has expanded to 33 states with recent actions by the Supreme Court, and could shortly expand to more,” says Katie Kopansky from Oliver Wyman. “But more than one-third of same-sex couples still reside in states where they are denied the freedom to marry. Recent … Learn more

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

Well-intended Diversity Efforts Not Improving Women’s Workforce Progression

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Women, who continue to be underrepresented at most levels in the workforce, are not progressing in their careers despite the past two decades of organizational efforts to achieve gender diversity and equality, 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 … Learn more

November 11, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Compensation Planning is Vital in Uncertain Times

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The global economic crisis was encompassing in its impact on markets worldwide, but some markets rebounded better than others. Regardless of level of recovery, however, businesses in all regions share a common struggle: compensation planning in an age of diminishing supply of key talent. Mercer’s 2014 Global Compensation Planning Report guides multinational organizations through the latest market … Learn more

November 4, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Performance Awards Keep CEO, CFO Compensation on the Rise

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The median total compensation for CEOs and CFOs of companies in the S&P 500 continues to rise, according to Mercer’s recent analyses of compensation and benefits for these executive categories. Strong corporate profitability in recent years and the prevalence of performance awards such as long-term incentives in compensation packages continue to boost pay figures. Mercer’s compensation … Learn more

October 27, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Global Pension Index Highlights Diversity and Challenges

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The Melbourne Mercer Global Pension Index compares retirement income systems in 25 countries representing 58% of the world’s population. The Index rates these systems based on their Adequacy (accounts for 40% of the overall score), Sustainability (35%), and Integrity (25%). This comes at a time when pension systems worldwide are under increasing pressure due to rising life expectancy, increased … Learn more

October 20, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »