E-reward publishes new guide to competence-related pay

What you will find in this report

This toolkit, researched and written by our in-house reward experts, seeks to provide an accessible and concise guide to competence-related pay. Aimed primarily at reward specialists, HR practitioners and all those concerned with reward management, the emphasis throughout is on the practical reality of evaluating, developing and implementing a competence pay scheme for your organisation.

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Section 1: Introduction

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Change management -- Questions answered by this toolkit

Section 2: What is competence-related pay?

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Competence-related pay defined -- Definitions of competence -- Competence frameworks -- Method of operation -- Methods of linking competencies and reward

Section 3: How extensive is competence-related pay?

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Slow to take off -- Why are employers reluctant to pay for competencies?

Section 4: What are the pros and cons?

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Aims and rationale -- Attractions and drawbacks

Section 5: Company examples

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Great diversity of practice

Section 6: Introducing competence-related pay

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Evaluate need and readiness -- Obtain views of line managers, team leaders and employees -- Set up project team to develop process -- Define broad approach -- Proceed with development programme -- Develop process -- Plan phased introduction and training programme -- Monitor and evaluate results -- Amend or improve as necessary

Section 7: Resources

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Sources of further information

List of checklists

6.1: How ready are you for competence-related pay?

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6.2: Competence-related pay -- criteria for success

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