COMPETENCIES AND COMPETENCY MODELS: …

E-MAIL PHONE 310 471-4865 WEB SITE COMPETENCIES AND COMPETENCY MODELS: does ONE SIZE FIT ALL? Patricia K. Zingheim, , Gerald L. Ledford Jr., , and Jay R. Schuster, Article published in ACA Journal, Spring 1996, Volume 5 No. 1, pages 56-65 Although COMPETENCIES are not new, paying for COMPETENCIES is rapidly gathering attention. In many firms, the rate of change is so great that the individual job has ceased to be useful as the "atom" around which organizations and human resources practices are structured. Job-based pay has outlived its usefulness in such companies. Firms are searching for a new logic to pay and a new basis for salary structures that are better aligned with organizational strategies, structures, cultures and other HR practices. At this point, COMPETENCY -based pay is the most promising base pay alternative to job-based pay. The naive observer might expect to find a tremendous variety in the COMPETENCIES that companies are rewarding. The COMPETENCY -based pay approach is new, and there is no obvious set of "best practices" at this point.

E-MAIL sz@schuster-zingheim.com • PHONE 310 471-4865 • WEB SITE www.paypeopleright.com COMPETENCIES AND COMPETENCY MODELS: DOES …

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