Knowledge-Based Pay

Each technique used to develop an internal pay structure has advantages and disadvantages. In recent years there has been a lively debate over the efficacy of skill-based pay structures. Employees seem to embrace the concept, but several significant implementations have ended with the plans being discontinued. Using the text as a base and then seeking out other sources on skill-based pay, perhaps your own experiences as well, present your observations.


Please read chapter 6, which presents advantages and disadvantages of knowledge or skill-based pay.


Please answer the following question:
1.After reviewing both the advantages and disadvantages, which do you find more compelling and why?


Please write the paper between 450-600 words in length