Redknapp is favourite to land the England post following the resignation of Fabio Capello earlier this month, while Pearce will take charge of the national side for their friendly against the Netherlands next Wednesday.
Pearce has previously admitted he would be happy to lead England through Euro 2012 but when asked on a possible permanent successor to Capello, the 49-year-old believes Redknapp has all the hallmarks of an elite manager.
"I wouldn't call him unique: Brian Clough had it; Bill Shankly had it; Sir Alex Ferguson's got it," Pearce told reporters.
“All the good managers who are successful have that ability to build their players up and give their players confidence. That's why they're successful.”
Pearce played under Redknapp at West Ham and has fond memories of his time at Upton Park.
"His man-management skills are outstanding. My first contact with Harry was when I was still at Newcastle as a player and I was looking to move clubs.
"He rang me a week before the start of the Premier League season – with West Ham due to play Tottenham the next weekend, a massive game in that part of the world – and, having not even signed me, said: 'You're playing on Saturday. Get yourself fit. The chairman's sanctioned the move.'
“He was always very supportive towards me and I enjoyed my time with him. The feedback you get from all the players is that they enjoy his management style and he makes everyone feel important."
Pearce has ruled himself out of taking on the England role permanently, citing a lack of experience as the main reason but insists he wants to continue his involvement in the national set-up once a new manager is appointed.
“If they came to me now and offered me the job, I would tell them exactly the same as I told them 10 months ago. I'll support the man who's going to come in and do the job. But it's not for me. It's a job for a man with more experience" he said.
"I'm gaining a great deal of experience, especially tournament experience, but when you strip it all down I've only managed a team on 160-odd occasions.”