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Knowledge worker compensation
Compensation Management
Prepared By
Kindly restrict the use of slides for personal purpose.
Please seek permission to reproduce the same in public...
Knowledge worker compensation
• Knowledge based pay is a
system of payment where
employees are
compensated based on their
...
Knowledge worker compensation
• Under this system,
employees are rewarded for
reaching certain goals in
education, trainin...
Knowledge worker compensation
• With job-based pay,
employee salaries are
established based on job
analysis and the
requir...
Knowledge worker compensation
• Knowledge-based pay
rewards employees who set
goals to learn new skills and
acquire new kn...
Knowledge worker compensation
• It also provides a
mechanism to reward
employees who want to
perform at a higher level.
Wh...
Knowledge worker compensation
• Because knowledge-based
pay is inherently more
competitive within job
ranks, it may cause ...
Knowledge worker compensation
• You may also feel underpaid
and undervalued if you
aren't paid the same as
someone doing t...
Knowledge worker compensation -   compensation management - Manu Melwin Joy
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Knowledge worker compensation - compensation management - Manu Melwin Joy

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Knowledge based pay is a system of payment where employees are compensated based on their individual skill level and education attainment.

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Knowledge worker compensation - compensation management - Manu Melwin Joy

  1. 1. Knowledge worker compensation Compensation Management
  2. 2. Prepared By Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations. Manu Melwin Joy Assistant Professor Ilahia School of Management Studies Kerala, India. Phone – 9744551114 Mail – manu_melwinjoy@yahoo.com
  3. 3. Knowledge worker compensation • Knowledge based pay is a system of payment where employees are compensated based on their individual skill level and education attainment.
  4. 4. Knowledge worker compensation • Under this system, employees are rewarded for reaching certain goals in education, training and skill development. Knowledge- based pay systems provide incentive for employees to improve their skill set and education.
  5. 5. Knowledge worker compensation • With job-based pay, employee salaries are established based on job analysis and the requirements of a given position. With knowledge- based pay, more emphasis is placed on the ability of the employee to do the job.
  6. 6. Knowledge worker compensation • Knowledge-based pay rewards employees who set goals to learn new skills and acquire new knowledge. Ambitious, self-motivated employees typically prefer this approach because it gives them a reason to focus on career development.
  7. 7. Knowledge worker compensation • It also provides a mechanism to reward employees who want to perform at a higher level. When companies pay for knowledge and skill development, they contribute to a systemic raising of the bar for performance across all jobs.
  8. 8. Knowledge worker compensation • Because knowledge-based pay is inherently more competitive within job ranks, it may cause conflict among colleagues and co- workers. Colleagues may feel slighted or bitter toward you if you make more money performing similar tasks.
  9. 9. Knowledge worker compensation • You may also feel underpaid and undervalued if you aren't paid the same as someone doing the same job at a competing company. Plus, with a knowledge based pay system, you have to spend time to take classes or training and continue to develop skills if you want to make more money.

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