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1、the skillsrevolution is nowInsights and benchmarks to accelerate a skills-basedtransformation in your companyThe skills revolution is now2Evolvinghow we use,validate,developandreward skills is being integrated in business practices.How that looks for your companydepends on yourstrategies.The 2022 Pa

2、y for Skills Survey results are in!Gain insights to accelerate the skills conversation in your company and benchmark your progress against your peers to get started.In Mercers 2022 Pay for Skills Survey,more than 650 organizations from around the world shared their successes and challenges with attr

3、acting,retaining,and rewarding the desired skills that advance their business strategies.Approximately half(47%)of companies report that they are yetto developan approach toclassifyingskills at any level of their company,which is a minimal change since 2021.This key statistic supports Mercers experi

4、ence that many companies arestill at the very beginning of theirskills journey.What is driving organizations to prioritize skills-based talent strategies?With more companies prioritizing skills over education(e.g.,IBMs well-documented Skills over Degrees initiative),more companies needto develop pay

5、 for skills capability.45%of companies report that their need for in-demand skills is higher than for others,making talent search(and retention)even more challenging.As the need for certain skills takes the forefront in the hiring process even sometimes ahead of education or experience skills-based

6、paypractices are often deployed to attract new talent.Even though organizations are assessing skillswith a view to achieving that goal,over 44%ofcompanies report that no formal skills-basedrewards are in place to recognize ongoingskill development.Of those organizations that do incorporate skills-ba