Adapted from rewarding excellence pay strategies for the new economy responsibility when organizations are asked how they keep their knowledge workers productive the concept of freedom often emerges. Knowledge based strategies for knowledge based organizations madalina cristina tocan ecological university of bucharest madalinatocangmailcom in the present we can observe that a new economy is arising it is an economy based on knowledge and ideas in which the key factor for prosperity and for creation of the new jobs is the knowledge capitalization knowledge capitalization . Knowledge is becoming a critically important resource in business organizations and human resource management is the pillar for any organization. Knowledge based economy core of the knowledge society both soete soete 2006 and ashok ashok 2004 are sustaining the idea that we are moving to a new social paradigm in which the importance of knowledge as input for economical processes has
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