Name
Skills-Based Pay: Benefits, Pitfalls, and Peer Insights
Track
Compensation
Session Format
Roundtable
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application
Description
As traditional compensation models come under pressure, more organizations are exploring skill-based pay. But how do you know if this model is right for your organization? How do you define and assess the skills that matter most? And how do you bring your people along on the journey?
In this roundtable discussion, we’ll dive into the concepts, application, employee expectations, communication and ongoing management of skill-based pay.
Bring your experiences, questions, and lessons learned as we explore how to turn skills into a meaningful foundation for compensation.
Key Takeaways:
- Peer-tested ideas on when skill-based pay makes sense—and when it doesn’t
- Approaches for defining and measuring critical skills in your organization
- Strategies for building trust and clarity around a skill-based pay model
- Insights into the motivational impact of skills-based rewards in today’s talent market
- Shared challenges and change management lessons from others on a similar path
Speakers