Which pay system is the best approach?

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Which pay system is the best approach?

Which pay system is the best approach?

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Performance pay, merit pay and knowledge or skill-based pay are in the modern day making headlines as supplements of alternatives to the conventional step system in the teaching industry. But the implication is that this form of payment has attracted the interests of analysts and educators on the contemporary teacher pay trends.

Which pay system is the best approach?

The lack of knowledge on how the skills/pay for performance systems work and their implementation therein, particularly on the teachers’ side has led to outright resistance from representatives of the teaching staff. The new reward systems based on performance are headed to replace seniority-based pay system in most industries and job sectors (Heneman, 2002). This is due to the increasing demand for highly skilled, more flexible and more knowledgeable workforce.