June 2011
Intermediate to advanced
378 pages
14h 11m
English
Content preview from Performance Management Systems and Strategies
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COMPETENCY-BASED PAY
Theoretically, in today's organizations we are more used to the term competency rather than skill. Competency is more holistic, as it aggregates knowledge, skill, and abilities of employees, and even integrates with the behavioural requirements. Instead of paying for the position and the job title, competency-based pay emphasizes on the job accomplishments, much wider than job efficiency (outcome of skill only). Competency-based pays directly measure knowledge and skills in terms of criticality involved, amount of depth in the job content, and the skills breadth.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.