As teams continue to evolve as the driving force within organizations, so must incentive and reward programs. Traditional compensation programs fail to recognize or reward team contribution. How are teams (and ultimately organizations) to prosper without the incentive to do so? Compensation for Teams provides a comprehensive 13-step process for designing and implementing a team compensation program. Complete with the results of a nationwide survey and case studies of such companies as AT&T, CIGNA, Hallmark Cards and McDonnell Douglas, it identifies:
- 21 competencies essential for successful teams
- performance measurements for team members
- effective uses of "broad banding"
- strategies for aligning the four key components of compensation base pay, pay increases, recognition awards and team incentives
