Getting a Complete Picture of Employment Costs

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High annual base salary (ABS) does not necessarily correlate with higher total employment cost, particularly when considering a host of factors, according to Mercer’s 2014 Total Employment Costs around the World. The report helps HR and business managers assess the real total employment costs regionally and by career level and position in 72 different markets across the Americas; Asia Pacific; and Europe, Middle East, and Africa. The total employment cost is the sum of all direct and indirect costs attributed to employees, including base salary, benefits, employer-paid social security contributions, and taxes. “The total cost of employing a worker is considerably more than just take-home-pay, although employees often utilize this ‘net’ measure to evaluate other potential jobs and similar positions in the market,” said Samantha Polovina, the Mercer Principal responsible for the report. “Employers should not only obtain a complete understanding of total costs — by position and … Learn more

August 18, 2014 | Categories: Infographics | Tags: , | 0 Comments | Leave a Comment »

Benefits Choice in EMEA: Cost Perception Versus Reality

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A majority of employers in Europe, the Middle East, and Africa (EMEA) cite cost as a barrier to employee choice programs that allow employees to exchange some or all of their existing employer-provided benefits, according to the EMEA Employee Choice in Benefits Survey 2014 of 636 employers in 17 countries by Mercer Marsh Benefits. Yet nearly two-thirds of respondents who had implemented a choice … Learn more

August 11, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »

European and Chinese Cities Rise, Japan Falls On Cost List

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Four European cities are on the top 10 list of the most expensive cities for expatriates, in Mercer’s 2014 Cost of Living Survey, with Chinese cities rising and Japanese cities falling in cost since last year’s ranking. Mercer’s survey is one of the world’s most comprehensive, designed to help multinational companies and governments determine compensation allowances for their expatriate employees. … Learn more

August 4, 2014 | Categories: Infographics | Tags: , | 0 Comments | Leave a Comment »

Local Plus: An Alternative to Traditional Expatriate Packages

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Employers worldwide are using an expanding array of packages as they aim to balance costs with attracting and retaining talent. According to Mercer’s Alternative International Assignments Policies and Practices Survey report, “Local Plus” packages are increasingly being used by employers to attract and retain talent at the right price. The “pluses” most commonly added to an expatriate worker’s … Learn more

July 28, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »

Talent Gaps, Shortages Affect Oil and Gas Industry Success

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Competition for talent in the oil and gas industry remains intense, and the talent gaps seen globally — especially for certain in-demand jobs and skill sets — have the potential to affect both the short- and long-term success of companies in the industry. Mercer’s global Oil & Gas Talent Outlook and Workforce Practices Survey, which collected data from 151 companies, identifies critical talent … Learn more

July 21, 2014 | Categories: Infographics | Tags: , , , | 0 Comments | Leave a Comment »