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pay-for-knowledge

Source:
A Dictionary of Human Resource Management
Author(s):

Edmund Heery,

Mike Noon

pay-for-knowledge 

is a payment system in which pay increases are linked to the successful completion of training. Pay-for-knowledge can form part of a set of high performance work practices because it promotes skill formation and employee development. It can also support a system of teamworking in which employees are required to work flexibly, moving across traditional task and occupational boundaries within the team. [See skill-based pay.]