Ch 22.pptx compensation strategy for knowledge workers

strategizing reward for knowledge workers

1. Ch : 22 Rewarding What motivates knowledge workers? Approaches to rewarding knowledge workers?

2. Knowledge workers Knowledge workers are people whose work requires a marked degree of expertise. Their work is defined by the knowledge they need to do it.

3. What motivates knowledge workers? Personal growth – the opportunity for individuals to fully realize their potential. Occupational autonomy – a work environment in which knowledge workers can achieve the task assigned to them. Task achievement – a sense of accomplishment from producing work that is of high quality and relevance to the organization. Money rewards – an income that is a just reward for people’s contribution to corporate success and that symbolizes their contribution to that success.

4. Approaches to rewarding knowledge workers Total reward policies. Pay flexibility. Competency-related pay. Use of competencies in job evaluation. Job and career families.

5. Thank You…