Purpose – The aim of this article is to highlight some characteristics of balancing dimensions for an intelligent remuneration system in the knowledge economy; in other words, what to look for when remunerating sustainable growth of capabilities for future earnings potential (i.e. intellectual capital). The article also aims to present a supplement to the thinking regarding compensation systems. Design/methodology/approach – The article is based on and refined from a MBA thesis by J. Camp and presents a perspective on intelligent remunerations based on intellectual capital, motivational psychology and knowledge management theory. Findings – This paper presents some aspects of an intelligent remuneration system for growth of intellectual capital by unleashing a larger potential of the human capital dimensions. In order to enhance mind value‐added by talents, enterprises need to offer their people a more sustainable remuneration on their invested personal human capital, consisting of both tangible and intangible remunerations. Originality/value – The value of this paper is the perspective of intelligent remunerations based on connected thinking around intellectual capital, psychology and knowledge management. It will add a broadening perspective to the current thinking regarding compensation models in knowledge‐intensive firms. An intelligent remuneration system is a system that nourishes collective organizational learning and continuous renewal.
Journal of Human Resource Costing & Accounting – Emerald Publishing
Published: Jul 1, 2005
Keywords: Remuneration; Knowledge management; Intellectual capital; Compensation; Intangible assets