This e-reward.co.uk toolkit offers a practical description of what you need to do in order to develop and implement competence-related pay in your own organisation. It describes a systematic and comprehensive approach for analysing, diagnosing and designing a scheme, highlighting all the key phases involved.
Use this toolkit to understand:
what is competence-related pay
why organisations introduce competence-related pay
the evidence regarding the prevalence of competence-related pay in the UK
its key characteristics and components
what are the pros and cons
key ingredients for success
how a range of diverse organisations has articulated their competence-related pay schemes
strategies available for introducing competence-related pay.
This toolkit includes:
checklists to determine your readiness for competence-related pay
some easy-to-digest lessons to help you analyse the conditions most favourable for introducing and operating competence-related pay
the key steps that you should follow to plan and implement a new competence-related pay scheme
a listing of sources of further information.
For more details see our review, published in the 'News' section of e-reward.co.uk, 2 July 2004.Download PDF