New Reward I

Team, Skill and Competency Based Pay

Reilly P (ed.) | Report 403 | Institute for Employment Studies | Oct 2003

cover image

New reward demands a more distinctive approach to remuneration, not 'vanilla', 'me-too' repetition of what the competition does.

The three options considered in Volume I of this review of new reward approaches, give distinctive solutions to age-old problems.

Our report critically examines why organisations choose to introduce team, skill or competency based pay. It looks at the evidence of whether many organisations are operating these practices.

It considers what benefits they have found, but equally what difficulties they have faced. This involves reviewing the mechanics of how organisations operate such devices and the sort of design decisions they have to make.