PayStart is a solution that combines existing Mercer tools with consulting support to help you manage and control your compensation costs.
Built on Mercer’s HR consulting heritage, the PayStart solution delivers best practice design to deliver a grading and compensation management solution that provides the foundation for reward and HR management. Additionally, PayStart Competencies provide a set of core competencies aligned to the PayStart grading structure to further support career pathing and development.
The Mercer PayStart solution is tailored towards small to mid-sized organisations establishing a common policy framework for the first time or seeking to modernise through adoption of a new structure. Mercer PayStart provides a ready-made solution to address the following challenges:
Mercer PayStart Solutions
Mercer PayStart provides a ready-made solution to firstly establish grading and compensation management for your organisation. Once the grading structure has been defined our Mercer PayStart Competencies module provides the starting point for setting expectations for skills, knowledge and behaviour at each career level to support career development.
Our Approach – Mercer PayStart Grading and Compensation Management
The grading and compensation management solution is made up of four elements – three tools and consulting help every step of the way to provide you with a sustainable solution. Our approach delivers a pre-defined grading structure aligned to your organisation’s size and complexity, access to market data and a Pay Band Tool to help you transform market data into meaningful pay structure and model the implications.
Our approach combines each tool with consulting workshops to help educate you, and facilitate discussions in order to take strategic decisions right for your organisation. Not only do you receive tangible deliverables, but also significant knowledge transfer that is key to expanding your organisation’s expertise and ensuring you can sustain the solution long-term.
Our Approach – Mercer PayStart Competencies
The competencies module supplements the grading structure through defining behavioural requirements at each career level. Delivered through a core competency framework, Mercer PayStart Competencies provides the framework and language needed to support managers and employees discuss individual careers and contributions in a way that aligns to your business priorities.
Drawing on Mercer’s Competency Library, with you our consultants select from Core and Optional Competencies to draw together a comprehensive library for your organisation. Development of the library is facilitated through workshops to ensure selected competencies closely reflect your strategic aims, ensure proficiency levels are accurately mapped and allow time to test and refine the structure. The outcome provides clear contribution expectations for each career level and a transparent framework which can be integrated with other HR processes and systems.
Mercer PayStart solutions are offered on a competitive fixed price basis. Our consultants are ready to discuss your requirements, please contact us using the form below.