All the terminologies you will get to hear in
HR, HCM & HRMS industry.
HR Glossary > Knowledge-Based Pay
Knowledge-based pay is a reward system that rewards employees for what they know. Rather than their position, employees’ pay is based on their knowledge of their specific processes and procedures. The benefits of Knowledge-Based Pay are an increase in accuracy, consistency, and quality for all aspects of work performed.
Stay up-to-date with all things Akrivia HCM
By subscribing, you agree to our terms and conditions.