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In Mercer’s recent Pay for Skills Survey, a group of U.S. clients from across all industry sectors shared their successes and challenges with attracting, retaining, and rewarding the desired skills that advance their business strategies.
Results indicate that although the Pay for Skills topic seems like a relatively new entrant into the employee rewards conversation, organizations have already been informally using the approach to address short-term business challenges. Organizations that develop structured, formal skills frameworks and strategically link them to both short-term and long-term business objectives will reap the most benefits across all their talent processes.