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Day: October 16, 2016

HR Word of The Day 0

HR Word: #Knowledge #Based #Pay

Companies that operate a knowledge-based pay environment reward employees for reaching specific criteria with regard to their professional and personal skills, education and development. The innate incentive in knowledge-based pay structures are for individuals to improve and master themselves in terms of skills and assessed attainment. Knowledge-based pay should be contrasted with job-based pay whereby analysis of the demands of […]