9. Mercer
Like Radford, Mercer is a long-standing traditional salary survey data provider that periodically collects survey data from large, global organisations.
Who is Mercer best for? Large, global enterprises in banking, manufacturing, pharmaceuticals, and other regulated industries with dedicated compensation teams to manually submit and map pay data.
Key capabilities:
Mercer gives you base salary, equity, variable pay, and benefits data, sourced directly from surveying multinational companies – typically annually or biannually.
It runs a wide range of surveys, giving companies multiple datasets to choose from, including industry- and employee-specific surveys and its main global compensation survey, the Total Remuneration Survey (TRS).
More recently, Mercer added Comptryx, its quarterly-updated technology-focused compensation data offering, which also includes salary benchmarking tools.
All data access follows a give-to-get model, which introduces manual work for compensation teams and increases the risk of submission errors.
Once the data is in, there’s a Data Connector tool that offers some job mapping support. However, largely teams still need to put in work into manually mapping their job roles and levels to Mercer’s level framework.
Plus, the large-scale nature of these surveys means aggregating, analysing, and publishing submissions takes time, so the data can already be outdated by the time it’s released.
Pros:
- Broad range of compensation data, making benchmarking insights specifically helpful for corporate companies with a global hiring footprint.
- Separate consulting services available.
Cons:
- Manual survey submissions mean benchmark reliability depends on the accuracy of the data participating companies submit.
- Periodic survey updates mean pay data can lag behind the market rather than being continuously updated, making it less suitable for fast-moving, high-growth companies.
- Piecemeal compensation management solution, with benchmarking data, salary band tools, and consultancy support sold separately.
Mercer vs Payscale
The main difference between Mercer and Payscale is that Mercer is a traditional salary survey provider, while Payscale is a compensation platform that aggregates datasets from multiple survey providers, including Mercer.
Because of its consultancy-first model, Mercer specialises in services rather than software, giving you separate tools for compensation benchmarking and management.
Meanwhile, Payscale combines market data and compensation tools in one platform.
However, neither is purpose-built for real-time compensation benchmarking in the way a specialist provider is.