SlideShare a Scribd company logo
1 of 1
Download to read offline
WHAT IS VALUED
JOB-BASED PAY
VS.
SKILL-BASED PAY
A COMPARISON
PAY STRUCTURE
PAY INCREASES
EMPLOYEE'S FOCUS
Job based Skill based
Based on job
performed
(internal criteria)
Based on skills
certifications
(internally &
externally)
MANAGER'S FOCUS
Job based Skill based
Promotion Skill aquisiton
Job based Skill based
assignments/
tasks of the job
Skill sets of the
employee
Job based Skill based
link employees to
work
Promotion and
placement
Control costs via
pay for job and
budget increase
Utilize skills
efficently
Provide training
Control costs via
training
certification, and
work assignments
Job based Skill based
Seek promotions,
expansion of
responsibilities to
earn more pay
enhance existing
skills or acquire
new skills to earn
additional pay

More Related Content

What's hot

Human Resource Management Strategy PowerPoint Presentation Slides
Human Resource Management Strategy PowerPoint Presentation SlidesHuman Resource Management Strategy PowerPoint Presentation Slides
Human Resource Management Strategy PowerPoint Presentation SlidesSlideTeam
 
Human Resource Strategy and Implementation
Human Resource Strategy and Implementation Human Resource Strategy and Implementation
Human Resource Strategy and Implementation Workforce Group
 
Human Resource Management Presentation Session 6
Human Resource Management   Presentation Session 6Human Resource Management   Presentation Session 6
Human Resource Management Presentation Session 6daryl10
 
Compensation and benefits
Compensation and benefitsCompensation and benefits
Compensation and benefitshrsangam
 
Compensation Strategy PowerPoint Presentation Slides
Compensation Strategy PowerPoint Presentation Slides Compensation Strategy PowerPoint Presentation Slides
Compensation Strategy PowerPoint Presentation Slides SlideTeam
 
Challenges of Performance Management System
Challenges of Performance Management SystemChallenges of Performance Management System
Challenges of Performance Management SystemSIMARAN SHAHEEN
 
Compensation and benefits
Compensation and benefitsCompensation and benefits
Compensation and benefitsuncleRhyme
 
Competency based pay small ppt
Competency based pay small pptCompetency based pay small ppt
Competency based pay small pptPurvesh Shah
 
Forecasting the Supply of Human Resources.pdf
Forecasting the Supply of Human Resources.pdfForecasting the Supply of Human Resources.pdf
Forecasting the Supply of Human Resources.pdfRifkiRifki37
 
Compensation management
Compensation managementCompensation management
Compensation managementGia Tri Tien
 
Provident fund gratuity and pension
Provident fund gratuity and pensionProvident fund gratuity and pension
Provident fund gratuity and pensionstudent
 
Employee Engagement PowerPoint
Employee Engagement PowerPointEmployee Engagement PowerPoint
Employee Engagement PowerPointDeirdra Suchomel
 
Compensation Strategy
Compensation StrategyCompensation Strategy
Compensation StrategyCreativeHRM
 

What's hot (20)

Human Resource Management Strategy PowerPoint Presentation Slides
Human Resource Management Strategy PowerPoint Presentation SlidesHuman Resource Management Strategy PowerPoint Presentation Slides
Human Resource Management Strategy PowerPoint Presentation Slides
 
Human Resource Strategy and Implementation
Human Resource Strategy and Implementation Human Resource Strategy and Implementation
Human Resource Strategy and Implementation
 
Human Resource Management Presentation Session 6
Human Resource Management   Presentation Session 6Human Resource Management   Presentation Session 6
Human Resource Management Presentation Session 6
 
Compensation and benefits
Compensation and benefitsCompensation and benefits
Compensation and benefits
 
Compensation management
Compensation  managementCompensation  management
Compensation management
 
Compensation Strategy PowerPoint Presentation Slides
Compensation Strategy PowerPoint Presentation Slides Compensation Strategy PowerPoint Presentation Slides
Compensation Strategy PowerPoint Presentation Slides
 
Linking Merit Pay with Competitive Strategy by Dr. G C Mohanta
Linking Merit Pay with Competitive Strategy by Dr. G C MohantaLinking Merit Pay with Competitive Strategy by Dr. G C Mohanta
Linking Merit Pay with Competitive Strategy by Dr. G C Mohanta
 
Challenges of Performance Management System
Challenges of Performance Management SystemChallenges of Performance Management System
Challenges of Performance Management System
 
Performance planning
Performance planningPerformance planning
Performance planning
 
Compensation and benefits
Compensation and benefitsCompensation and benefits
Compensation and benefits
 
Competency based pay small ppt
Competency based pay small pptCompetency based pay small ppt
Competency based pay small ppt
 
Pay For Performance ppt
Pay For Performance pptPay For Performance ppt
Pay For Performance ppt
 
Forecasting the Supply of Human Resources.pdf
Forecasting the Supply of Human Resources.pdfForecasting the Supply of Human Resources.pdf
Forecasting the Supply of Human Resources.pdf
 
Compensation management
Compensation managementCompensation management
Compensation management
 
Executive compensation
Executive compensationExecutive compensation
Executive compensation
 
Provident fund gratuity and pension
Provident fund gratuity and pensionProvident fund gratuity and pension
Provident fund gratuity and pension
 
Employee Engagement PowerPoint
Employee Engagement PowerPointEmployee Engagement PowerPoint
Employee Engagement PowerPoint
 
Employee Retention - Strategies
Employee Retention - StrategiesEmployee Retention - Strategies
Employee Retention - Strategies
 
Reward Management
Reward ManagementReward Management
Reward Management
 
Compensation Strategy
Compensation StrategyCompensation Strategy
Compensation Strategy
 

Recently uploaded

Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Roland Driesen
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseri bangash
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 

Recently uploaded (20)

Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 

Skill-based Pay

  • 1. WHAT IS VALUED JOB-BASED PAY VS. SKILL-BASED PAY A COMPARISON PAY STRUCTURE PAY INCREASES EMPLOYEE'S FOCUS Job based Skill based Based on job performed (internal criteria) Based on skills certifications (internally & externally) MANAGER'S FOCUS Job based Skill based Promotion Skill aquisiton Job based Skill based assignments/ tasks of the job Skill sets of the employee Job based Skill based link employees to work Promotion and placement Control costs via pay for job and budget increase Utilize skills efficently Provide training Control costs via training certification, and work assignments Job based Skill based Seek promotions, expansion of responsibilities to earn more pay enhance existing skills or acquire new skills to earn additional pay