Knowledge-Based Pay

Posted in Human Resource Terms, Total Reads: 1122
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Definition: Knowledge-Based Pay

It is also called as Skill-based pay. It is a system to dole out different salary to different employees based on some of the parameters shown by them during the job. Some of those prominent factors are:

  • Education
  • Experience
  • Knowledge
  • Skills
  • Specialized training

 

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Browse the definition and meaning of more terms similar to Knowledge-Based Pay. The Management Dictionary covers over 7000 business concepts from 6 categories.



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