Compensation for Teams: How to Design and Implement Team-Based Reward Programs

This guide is a comprehensive look at how to handle one of the worst problems facing companies: how to structure compensation policies in our era of teams. The book shows how appropriate rewards can reinforce productive team behaviour. It explains how to: create different pay strategies for three different kinds of teams; determine base pay for team members; align four key components of the compensation system - base pay, increases in base pay, recognition awards and incentive compensation; help employees accept, risk and adapt to change (and reduce conflict and fear); recognize 21 competencies vital to successful teamwork measure performance of all members; and get culture change and compensation change "in sync". This guide includes a 13-step process for planning, designing and implementing a team compensation programme, and supplies results of a nationwide survey, many examples and case studies.