Attract and retain top talent by advancing pay-for-skills

• It’s difficult to attract and retain the skills required to transform for the future.
• Our traditional compensation methods are not aligned with new workforce requirements for agility and flexibility.
• The lack of transparency in our compensation programmes is an obstacle to building employee trust with the organisation.
• We don’t know which skills are most valuable, and we’re concerned we’re over- or underpaying for the wrong skills.

Pay-for-skills practices can lead to increased attraction and retention of critical skills. In addition, they can strengthen and reinforce other people initiatives, such as workforce planning, performance management and career development. Mercer products that can support pay-for-skills initiatives include:

In this interview series, several Mercer consultants talk with IBM executives about the journey IBM has taken to plan and adopt a skills-based pay approach.

Leading with a skills-powered strategy - One iteration at a time

Following the successful webinar, we are excited to share the accompanying workbook and recording. This engaging session delves into the impact of incremental progress, starting from the ideation stage and covering topics such as gaining buy-in, prioritising investments and building a skills foundation.