Pay-for-Knowledge Systems : Guidelines for Practice
AbstractIn the era of the knowledge-based economomy and continuous learning. Pay-for-knowledge (PFK) conpensation plans have received an over increasing amount of attention from both practitioners and researchers. However, the implementation of a PFK compensation plan does not auarantee that plan's success within any given organization. This article defines the characteristics of PFK systems, identifies the critical success factors necessary to emplement these plans, and discusses the available evidence on the advantages and disadvantages of these systems for companies and employees.
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Bibliographic InfoPaper provided by Queen's at Kingston - Sch. of Indus. Relat. Current Issues Series in its series Papers with number 25.
Length: 15 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: Canada; Queen's University. School of Industrial Relations. School of Industrial Relations / Industrial Relations Centre. Kingston, Ontario Canada K7P 3N6
EMPLOYEES ; LEARNING;
Find related papers by JEL classification:
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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