While most businesses have been radically updating their notions of quality, service, customers and hierarchy, they have done nothing to modernize their pay philosophies or strategies for decades. The authors identify the four most common organizational work cultures, and explain how to align innovative pay policies with each type. Benefits and Compensation Solutions Magazine, 1997. Groups of employees are financially rewarded for identifying and implementing cost saving techniques and practices. It uses objective measures of performance dollars and cents saved.
Measurement can include qualitative data, such as information from customer surveys.
It relies on a system of employee involvement to maintain a strong link between group performance and rewards. A simple version might cover management-determined or collectively negotiated goals. KM focuses on organizing information and data, combined with the potential of people's skills, competencies and ideas that help organizations adapt to change and achieve desired strategies and objectives. KM is a discipline that promotes an integrated approach to identify, manage, share and leverage an organization's knowledge and information assets through policies, organizational structures, procedures, applications and technologies. HR, as a business partner needs to either lead or be an active KM partner.