White Paper: Why Skill-Based Pay Programs Are Benefiting Industrial Companies

White Paper: Why Skill-Based Pay Programs Are Benefiting Industrial Companies

Learn the key features and benefits of a skill-based pay program

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 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.

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