PRESENTATION ON payments

Presented To : Proff. Arpita sarangi

Presented By :
Sasank Sekhar Swain
Mantabya Mishra
Gaytree Bastia
Sarita Jayanti Kara
Puspanjali
What is payment ?
 TYPES OF PAYMENT
Skill-Based
Pay

Merit-Based
Pay
Types of
Payment
Competency-
Based Pay
 Competency-Based Pay

• Hassal (1996) states that “a person described as copmpetent in an

occupation or proffession is considered to have a repository of
skills,knowledge and undestanding which he or she can apply in a range of
contexts and organisations “.
• Lusia Lepsinger (1999) define Competency as:
(a role or responsibility) that correlates with performance on the job, can
be measured against well accepted standards , and that can be improved
via training & devlopment”.
 FACTORS NEED TO BE FULLY INTEGRATED WITHIN
AN ORGANISATION BEFORE COMPETENCY –BASED
PAY CAN BE INTRODUCED

• An employee appraisal process must already exist.

• Managers must already have been trained to assess competencies.
• Employees should be made aware of the compitencies required and how to
demonstrate them when it comes to their appraisals.
• All employees are fully competent.
 Competencies that define the contribution an
employee makes to their role including…….
• Communication
• Team work& Motivation
• Coaching
• Knowledge & experience
• Service delivery
• Networking
• Investigation analysis
• Initiative & Problem Solving
• Planning& organizing resources
• Decision making Process & outcomes
 Some other types of pay
• MarketBased Pay
• Knowledge Based Pay
KNOWLEDGE-BASED PAY
 MAJOR HIGHLIGHTS
 BLUE-COLLAR WORK:
 IT SERVICE
 BIOTECHNOLOGY SECTOR

COMPENSATION STRATEGY:
DEPTH OF THE SKILL
ABILITY
KONWLEDGE
 BASICS FORMS
•INCREASED
KNOWLEDGE OR
DEPTH SYSTEM

•MULTI –KNOWLEDGE OR
BREADTH BASED
SYSTEM
 PAY-FOR KNOWLEDGE
STRUCTRE
• WORK RELATIONSHIP
• SKILL ANALYSIS
• SKILL BLOCKS
• SKILL CERTIFICATION
• OBJECTIVES OF THE PLAN
 3ps of incentive
POSITION

INCENTIV PAY PERSON

E BY

PERFORMAN
CE