2007 Mercer Database Shows Broad Pay Shifts.Comprehensive Database Helps Organizations Determine Competitive Pay NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The 2007 US Mercer mer·cer n. Chiefly British A dealer in textiles, especially silks. [Middle English, from Old French mercier, trader, from merz, merchandise, from Latin merx Benchmark Database, a comprehensive source of pay data for more than 900 functional positions, helps organizations identify shifts in pay by effectively assessing and comparing compensation information for their employees against accepted benchmarks. In addition to base pay, incentive pay and total direct compensation, the US Mercer Benchmark Database allows for analysis by industry, assets, revenue/sales, operating expenses/budgets, gross premiums, net revenue, total employment, geographic region and metropolitan area. "With this database, organizations across all sizes and industries have the information they need to gauge competitive pay for the majority of their employees," said Bill Strobl, a principal at Mercer. "This makes the database incredibly valuable for users." The 2007 US Mercer Benchmark Database results indicate a range of changes from 2006 in median total cash compensation. For example: [TABLE OMITTED] *Median total cash compensation includes base salary and annual bonus. A key feature of the US Mercer Benchmark Database is the year-over-year comparisons by position. In addition to statistical displays, the year-over-year reports include commentary on challenges to measuring pay trends, perspectives on how different survey approaches add insight and other valuable intelligence. "Market pay trends are an important aspect of market pricing. The year-over-year analysis helps companies assess general trends and ensure overall compensation for their employees is competitive. This permits them to properly allocate financial resources," explained Mr. Strobl. The US Mercer Benchmark Database consists of 12 modules with positions in 15 functional areas, including: administration, communication, corporate affairs, customer service, engineering, knowledge management, finance, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , information technology, marketing, quality, research and development, sales, supply and logistics, and top management. For each position, the database provides statistical summaries for base salary, short-term incentives, total cash compensation (base pay plus short-term incentives), pay ranges and short- and long-term incentive eligibility and valuation. The modules of the database are available individually or as a single, cross-functional database. To order the 2007 US Mercer Benchmark Database, visit www.imercer.com or call 800 333 3070. About Mercer Mercer is a leading global provider of consulting, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer's investment services include investment consulting and multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles. management. Mercer's 17,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors :MMC See MultiMediaCard and Microsoft Management Console. ) on the New York, Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . For more information, visit www.mercer.com. |
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