Description
Team work has unique challenges and pressures which a system of team reward can successfully address if correctly implemented. Reward expert Michael Armstrong brings you the very latest thinking on the issues and addresses questions such as:
- Should team pay complement or replace individual pay?
- How do you deal with different roles within your team, such as team leaders?
- How do you reward your staff to ensure their best performance as a team?
- Is team reward the answer and what are the alternatives?
With case studies and examples of how top organisations solve the dilemmas of motivation and reward, this guide:
- shows you how to develop team pay
- explains the pros and cons of team pay
- sets out how to manage team reward processes
- discusses bonus formulae and their performance criteria.
The steps to effective implementation set out in the invaluable Team Reward Action Plan will help you create a scheme that benefits teams, individuals and organisations alike.Contents
Why Team Rewards?
What Types of Team Reward are There?
How Does Team Pay Operate for Work Teams?
How do Other Forms of Team Pay Work?
What are the Advantages and Disadvantages of Team Pay?
What are the Criteria for Team Pay?
How Should Team Pay be Introduced?
How Should Team Rewards be Managed?About the authors
Michael Armstrong
Michael Armstrong graduated from the London School of Economics, and is a Fellow of the Chartered Institute of Personnel and Development and a Fellow of the Institute of Management Consultants. He has had over 25 years'' experience in personnel management, including 12 as a personnel director. He has also practised as a management consultant for many years and is a former Chief Examiner, Employee Reward, for the CIPD. He has written a number of successful management books, including The Job Evaluation Handbook (1995) and Managing Performance (2004), both co-written with Angela Baron; Employee Reward (third edition 2002); and New Dimensions in Pay Management (2001). All are published by the CIPD.