Reward System for Implementing Knowledge Sharing

Historically, labor, capital and raw materials have been considered more valuable than creating and applying knowledge. Nowadays, knowledge has been valued as the most powerful asset that organizations can use to obtain the competitive advantage and its role also become more pivotal in almost organizations throughout the world. Due to this fact, many large firms or organizations throughout the world start to come out with their own Knowledge Management unit or division as a strategy to preserve the knowledge. There are four main processes in Knowledge Management and one of the process is Knowledge sharing. It is the contributions by individuals to the collective knowledge of an organizations. Most of the employee in the companies have their own experience, lesson learnt, best practices, and specific technical skills for solving the problem. However, these people are reluctant to share their knowledge because of several factors and they also do not been triggered by the motivation or rewards to share their knowledge with the fellow workers. Therefore, the reward system could be the one of the best mechanism to implement the knowledge sharing within the organization. This paper shares a viewpoint of relationship between reward system and knowledge sharing in current the knowledge management application and system.