Greetings from Mercer!
This is festival time in India!! Hope all of you had a great Deepavali with family and friends.
Our Prime Minister Narendra Modi greeted people on Diwali and wished that the festival brought them joy and well-being.
Talking of well-being, the annual Mercer CFA Institute Global Pension Index (MCGPI) report that measures the efficacy of pension systems across 44 countries was released a couple of weeks back.
The results from this year’s report show that India’s pension system is getting stronger. Given the demographic diversity and the large percentage of the workforce in the unorganized sector, reforms that are proposed to be undertaken in the pension system would take time to manifest.
The COVID-19 pandemic highlighted the importance of keeping employees safe, healthy, and productive. But employee benefits programs are now coming under pressure from spiraling inflation rates. Read how organizations still want to invest in their people and to continue to attract and retain the best talent.
The great resignation. Unprecedented inflation. An impending recession. Any one of these would put significant pressure on a company’s compensation budget and 2023 planning. Find out what steps global employers are taking to address inflation.
Having competitive talent mobility policies is not always sufficient. The internal processes and cultures of organizations often slow down the mobility of talent and create unnecessary barriers. Subscribe to Mercer blogs and stay updated on the rewards of a true talent mobility culture.
When chatting with any of your Human Resources friends, particularly those responsible for employee compensation or total rewards, a topic that's likely to come up concerns the ever-increasing salary demands from current and potential employees. How can the company afford these ever-increasing labor costs? When will it end?
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