A Person-Based Compensation strategy focuses on paying for qualifications and specialized skills and nothing else. This approach puts a premium on advanced and unique skills, and advanced education particularly in the STEM category regardless of experience. This strategy is common in organizations that require highly specialized skills. These skills are either learned within the organization itself through rigorous training prorams, or in Universities under specialized disciplines. Examples of these cases include:
In these cases, uniformed compensation structures will not work because of the uniqueness of the jobs and uniqueness of business needs. It is therefore necessary to design the compensation structure differently from the rest of the workforce groups.
Ulibarri-Mason Global HR is founded in 1994 by a Cognitive Psychologist from the University of California Berkeley. The firm was renamed in 2004 to expand the service offerings. The expansion included a focus on compensation and job classification.