Gain insights to accelerate the skills conversation in your company and benchmark your progress against your peers to get started.
In Mercer’s 2022 Pay for Skills Survey, more than 650 organizations from around the world shared their successes and challenges with attracting, retaining, and rewarding the desired skills that advance their business strategies.
Approximately half (47%) of companies report that they are yet to develop an approach to classifying skills at any level of their company, which is a minimal change since 2021.
This key statistic supports Mercer’s experience that many companies are still at the very beginning of their skills journey.
What is driving organizations to prioritize skills-based talent strategies?
With more companies prioritizing skills over education (e.g., IBM’s well-documented “Skills over Degrees” initiative), more companies need to develop pay for skills capability.