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Research on Competence-based Compensation Incentives of the Knowledge Workers

Author: LiXuSheng
Tutor: ZhaoFuQiang
School: Wuhan University of Technology
Course: Business management
Keywords: Competency Knowledge workers Incentive pay Broadband Compensation
CLC: F272.92
Type: Master's thesis
Year: 2010
Downloads: 701
Quote: 4
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Abstract

With the development of the knowledge economy, the competition among enterprises increasingly rely on high-quality personnel; while to master knowledge and technology knowledge workers is key resources for enterprises to gain and maintain a competitive advantage. How to motivate knowledge workers work enthusiasm to play to their creativity in order to create greater value, has become an important part of corporate human resources management. On knowledge-based employee incentive factors remuneration knowledge workers in China is the most important motivating factor plays an important role in the knowledge-based employee incentive. In the era of knowledge economy, the traditional mode of remuneration is no longer able to meet the development needs of organizations and individuals, the lack of effective incentive for knowledge workers; organization motivate knowledge workers need to design a new pay system to the greatest extent. Compared with the jobs pay, based on the individual's compensation is more powerful business strategy tool, especially for knowledge-based workers. For this reason, more and more organizations will focus compensation design transfer to the top of the competence of knowledge workers, the establishment of a competency-based pay system. Set aside the traditional concept and seniority, competency-based pay model to knowledge workers has brought more opportunities for development, and therefore has a more positive incentives. Competency salary guide concerned about their ability to enhance knowledge workers, thus contributing to the enhancement of the core competitiveness of enterprises, and ultimately to achieve the common development of the knowledge-based employees and enterprises. Competency is a significant feature of the performance excellent, it largely affect the results of a knowledge-based employee performance. Knowledge-based employee performance has important implications for the organization strategic objectives, and therefore establish competency-based knowledge workers compensation management system has a higher strategic value. This paper is divided into four parts: the first part through incentives and incentive compensation theory analysis, knowledge workers clear the important role of remuneration in the process of knowledge-based employee incentive; The second part is to build on the knowledge worker competency model theoretical research and evaluation of the value of knowledge workers. Which introduced the application of the of elements point count method and fuzzy comprehensive evaluation method in the value of knowledge workers in the evaluation process; The third part is a knowledge-based employees competent force remuneration system. After analyzing the characteristics of broadband pay, this paper presents a competency-based knowledge workers broadband pay structure construction method. In addition, the combination between competency and other forms of remuneration incentives and the implementation of competency remuneration conditions a simple analysis. Finally, a summary of the content of the full text of research and Prospects, pointed out inadequacies in the innovation of this paper and the research process.

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