The skill-based pay movement got its start in the 1960s when Proctor & Gamble began using the strategy to improve operations in manufacturing plants that required high levels of employee involvement. Today, with 79% of manufacturing recruiters finding it difficult to fill open job roles because of skill gaps, skill-based pay programs are making a resurgence as the benefits of industrial skills training surface. In fact, half of Fortune 1000 companies are using skill-based compensation to train, retain and reward workers.
In this white paper, learn the key features and benefits of a skill-based pay program, the importance of industrial training, and understand how to establish your own program. Plus, discover how tiered or multi-craft training programs, which assess and teach competencies across multiple job roles, support the success of these programs.