Competency-Related Pay on a Banding Platform: Creating a High-Performance

In increasingly global and hyper competitive markets, to relate competencies and pay is a growing trend. This paper analyzes the key elements to link competence to pay. Establishes a model of an integrated approach to using competencies. Takes an example to show why it´s difficult to differentiate the ability of different researchers and motivate them by designing appropriate reward mechanism. And summarizes the primary criticism of competency pay.