The Incentive Mechanism of Knowledge Management in Financial Industry

It is expected that the staffs in financial industry will work harder to acquire both material returns and spiritual encouragement with stimulative and punitive incentive measures.

Abstract

Nowadays, financial staffs are working in a knowledge society, and they have to master some new knowledge to meet the needs of their work. In this paper, we will firstly discuss what knowledge is and what knowledge management is. Then we will analyze the model of incentive mechanism and put forward the principles of incentive mechanism. Lastly, we will design knowledge management incentive system to provide the financial industry with intellectual support. We expect that the staffs in financial industry will work harder to acquire both material returns and spiritual encouragement with stimulative and punitive incentive measures.