Shopify aims to reward employees for improving their skills

Shopify reportedly plans to give employees raises based on numerical scores assigned to them based on their skill level.

Employees will only be eligible for raises if their scores increase within a certain period of time, Seeking Alpha reported Tuesday (April 23), citing a paywalled article from The Information.

Contacted by PYMNTS, a Shopify spokesperson issued the following statement via email: “We are kicking down the corporate ladder and breaking the cycle in which passionate artisans are funneled into managerial career paths solely for career advancement.”

“Mastery, our new talent system, focuses on individuals and their growth journey at Shopify, rewarding those who are truly great at what they do and want to do more.”

When discussing Mastery in a Feb. 26 blog post, Shopify said the program was designed to avoid the Peter Law, where employees rise to the level of incompetence. The Peter Principle is a common phenomenon in most companies where people are promoted by climbing the career ladder rather than improving. their craft.

Mastery, on the other hand, “prioritizes, recognizes and rewards” employees who continually improve their skills, the post said.

Shopify said in a video accompanying the post that the program “approximates the total applied skills, influence, and compensation of your job.”

The company evaluates its employees every six months based on their “skill excellence” and “net impact.” The former is a measure of an employee’s skills, while the latter is a measure of how successful they are in applying those skills to the company. Mission.

“A key aspect of Mastery is its continuous evolution,” the company said in the video. “Have you ever watched a sports match from 50 years ago? It probably looked a lot different than it does today. The rules of play may be the same, but the standards have leveled up significantly. . Mastery is also an endless game.”

The news comes as Shopify is expanding its merchant base and Shop Pay solution. During the company’s quarterly earnings call in February, Shopify President Harley Finkelstein said Shop Pay “continues to be the ‘go-to’ for consumers who want to make purchases quickly, securely, and with as little friction as possible.” It’s a choice.”

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