Modern Economics & Management Forum

With the arrival of the knowledge economy era, knowledge-based employees have become one of the most important strategic resources of enterprises. Based on the psychological contract theory, it is found that the psychological contract is the intermediary of the operation of the incentive system. At the same time, the premise is to implement the incentive process. Starting from the three-dimensional structure of the psychological contract, it is proposed to construct a contract including the compensation system, performance management system, moderate authorization system, and a system of incentive strategies under the relational dimension of the corporate culture, communication mechanism, and the emotional + spiritual incentive. The system of incentive strategies under the dimension of the relational psychological contract includes corporate culture, communication mechanism, and "emotion + spirit" incentive, and the system of incentive strategies under the dimension of the developmental psychological contract includes training system, career management, and job allocation promotion mechanism, to build a comprehensive and complete incentive system based on the psychological contract for knowledge-based employees.