Name
Breaking the Mold: Transforming Hourly Pay Strategies for the Future
Sponsored by
Mercer
Session Format
TR Talks
Key Topic Area
Compensation
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application
Description

Join us for an engaging skill-building session that will empower you to modernize your hourly pay strategy. In this session, we will challenge conventional benchmarking approaches and introduce emerging techniques tailored to the unique dynamics of hourly pay.

Gain invaluable insights into the art of "getting real" about your true competition for hourly talent, taking into account the broad skill sets required, the transferability of those skills across industries, and other influential factors in the local labor market. Discover how to leverage essential data to shape a competitive and sustainable hourly wage that sets your organization apart, leveraging new ways of benchmarking and strategic market positioning.

Furthermore, we will delve into the intersection of pay and career development strategies in the era of rapid reskilling and pay transparency. Explore how to craft a differentiated and compelling EVP that resonates with both career and transitional hourly workers, ensuring your organization stands out as an employer of choice.