Chapter #6 Person-Focused Pay.

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Presentation transcript:

Chapter #6 Person-Focused Pay

Person- based pay rewards for acquired job skills. Two types of Competency-based Pay for knowledge Skill based pay Horizontal skills Vertical skills Depth of skills

What is Compency? What are core competencies? McDonalds? Federal; Express General electric How do we know?

Types of Pay-For- knowledge pay programs. Stair- step model #113 Ee pay is increase to next level for perfecting new skills through training all in same type of job family. Skill blocks model Same as above except that ee can jump more than one pay block at a time. job point accrual model Ee can learn skills in different job families sam

Person based pay vs. job-based pay look #138 Which do you think is most effective? Which do you think is most compliant? Pay for knowledge programs What are the dis/advantages to ERS What are the dis/advantages to EEs

Class Exercise Do an advance Yahoo search Person focused pay Performance based pay