In this episode of the CanadianSME Small Business Podcast, we are excited to have Jason Sachs, Senior Principal in Mercer’s Career business, share his expertise on compensation planning and how it impacts small businesses across Canada. With over 10 years of experience in compensation and total rewards consulting, Jason offers valuable insights from the August 2024 Mercer Canada Compensation Planning Survey.
During our conversation, Jason discusses key compensation trends, industry-specific insights, and strategies that businesses can use to attract and retain top talent in a competitive job market. He also explores the growing trend of pay transparency and what it means for companies in 2024 and beyond.
Key Highlights:
- Compensation Trends for 2024 – Jason provides an overview of the latest findings from Mercer’s August 2024 Compensation Planning Survey and what salary increases Canadian businesses can expect in the coming year.
- Industry-Specific Insights – Learn which sectors are leading in terms of salary increases and how industry trends can help businesses benchmark their compensation strategies.
- The Role of Pay Transparency – Jason shares his thoughts on the state of pay transparency in Canada, how companies are approaching this practice, and the benefits of being transparent with pay policies.
- Attracting and Retaining Top Talent – Discover practical, low-cost strategies that small businesses can implement to attract and retain talent, beyond just competitive pay.
- The Future of Compensation Planning – Gain insights into the future of compensation planning and the trends that small business owners should be preparing for.
Listen On
We would like to extend our heartfelt thanks to Jason Sachs for sharing his valuable insights on compensation planning and employee retention. His expertise provides small businesses with the tools they need to navigate today’s competitive job market successfully.
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