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MERCER’S COMPENSATION ANALYSIS AND REVIEW SYSTEMTAKING THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS
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• Mercer’s Compensation Analysis and Review System (CARS) is specifically designed to help you during the annual salary review process.
• With CARS, you can reduce risk and errors by conducting multiple detailed analysis on a variety of compensation components before arriving at a final decision.
• Reward and retain key employees using a reliable tool that is carefully designed to help you conduct effective analysis on competitive pay levels in the market.
The value of greater efficiency, reduced errors, and expert analysis and reporting translates into much better returns for your business.
WITH CARS, YOU CAN
Gain competitive insights
• Conduct data analysis on pay levels to access market competitiveness by market, region or industry.
• Study compa-ratio against the market using your company pay philosophy and guidelines to understand competitive practices and gain insights into market pay mix policies.
Ensure fairness with internal calibration
• Conduct data analysis on company data to gauge internal parity and ensure alignment of actual pay practices to pay policy.
Review salary range
• Review existing salary range at each level to ensure objective, fact-based decisions around compensation by removing manual calibration.
• Analysis would also provide recommendations on salary range spread, salary overlap, and progression rates that correlate to each level.
Assure budgets are used wisely with the ability to choose smaller percentiles
• Produce reports on statistics from 5th percentile to 95th percentile (interval of 5 percentiles).
• Run regression reports using custom percentile. You can choose percentiles starting from the 10th percentile up to the 90th percentile ( interval of 10 percentiles)
Get visibility on your analysis
• Convert analysis into ready to use Tables or Charts.
• Export reports as PDF or Excel.
MERCER’S COMPENSATION ANALYSIS AND REVIEW SYSTEM
www.imercer.com/cars
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REPORT TYPES
1. Job Analysis Report For every incumbent in your company mapped to MERCER MUPCs© through International Position Evaluations (IPE) system, an analysis on chosen percentile can be prepared based on the Market peer group selected. This report calculates the deviation of the incumbent data from the market chosen. This tool allows you to choose percentiles starting from 5th Percentile to 95th percentile (interval of 5 percentiles).
2. GAP Analysis ReportYou can prepare deviation reports on the chosen market based on Family or Sub Family. The market deviation is calculated based on Career Level/Stream chosen and Compensation items – Comp1, Comp2, Comp3 (Actual) or Comp3 (Target).
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3. Company Trend Line “Line of Best fit” can be created using company trend line options. A smooth regressed line will be prepared for the selected market and company data. The graph provides you with a view of your company data by plotting each incumbent’s data against the position class.
4. Company Practice vs. PolicyHelps you understand the competitive pay practice for every incumbent against the market percentile as per Company’s pay policy. It has the ability to draw incumbent’s salary as scatter points.
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5. Compensation Mix AnalysisThe ratio between annual guaranteed (fixed) compensation versus annual variable bonus can be generated by career level. A visual representation in the form of a graph will highlight the difference between the market and company data.
6. Internal EquityAllows you to view compensation gaps within the same level or grade. The report prepares Min, Median and Max values followed by line of best fit using these 3 values. The graph allows you to plot individual scatter points.
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7. Pay Dispersion Dispersion reports can be created on the percentile chosen starting from 5th to 95th percentile at every 5 percentiles interval, using the market as a base with an index of 100 and then plotting the company data over it, superimposing incumbent’s data on the graph.
PRICING
USD 4,000 per country, including access to Mercer WIN®
*Excludes any service tax or GST#Includes access to the latest standard Mercer Total Remuneration Survey (TRS)
Visit www.imercer.com/cars to learn more
Copyright 2014 Mercer LLC. All rights reserved.
Argentina
Australia
Austria
Belgium
Brazil
Canada
Chile
China
Colombia
Czech Republic
Denmark
Finland
France
Germany
Hong Kong
India
Indonesia
Ireland
Italy
Japan
Malaysia
Mexico
Netherlands
New Zealand
Norway
Peru
Philippines
Poland
Portugal
Saudi Arabia
Singapore
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
United Arab Emirates
United Kingdom
United States
Venezuela
For further information, please contactyour local Mercer office or visit our website at:www.mercer.com