✦ LIBER ✦

Team Rewards: How Far Have We Come?

✍ Scribed by Lucy Newton McClurg

Book ID: 102255748
Publisher: John Wiley and Sons
Year: 2001
Tongue: English
Weight: 102 KB
Volume: 40
Category: Article
ISSN: 0090-4848
DOI: 10.1002/hrm.4017

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Although many organizations find teams to be important to their success, few have implemented reward systems that encourage team effort. This study examines the practices of 35 firms using team‐based reward programs and identifies some features of these programs that improve their effectiveness. The results indicate that the most valued programs were those associated with (1) high levels of communication to employees about the specifics of the plan, (2) strong worker involvement in the plan's design and implementation, and (3) team members' perceptions that the pay system was fair. HR managers considered more complex plans more beneficial than simple plans. © 2001 John Wiley & Sons, Inc.

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