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Steven E. Gross - Compensation for Teams: How to Design and Implement Team-Based Reward Programs

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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.

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Steven E. Gross
Compensation for Teams: How to Design and Implement Team-Based Reward Programs

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title Compensation for Teams How to Design and Implement Team-based - photo 1
title:Compensation for Teams : How to Design and Implement Team-based Reward Programs
author:Gross, Steven E.
publisher:AMACOM Books
isbn10 | asin:0814402992
print isbn13:9780814402993
ebook isbn13:9780585028293
language:English
subjectIncentives in industry, Incentive awards, Teams in the workplace, Compensation management.
publication date:1995
lcc:HF5549.5.I5G726 1995eb
ddc:658.3/225
subject:Incentives in industry, Incentive awards, Teams in the workplace, Compensation management.
Page iii
Compensation for Teams
How to Design and Implement
Team-Based Reward Programs
Steven E. Gross
The Hay Group
American Management Association New York Atlanta Boston Chicago Kansas City San - photo 2
American Management Association
New York Atlanta Boston Chicago Kansas City
San Francisco Washington, D. C. Brussels Mexico City Tokyo Toronto
Page iv
This book is available at a special
discount when ordered in bulk quantities.
For information, contact Special Sales Department,
AMACOM, a division of American Management Association,
1601 Broadway, New York, NY 10019-7606.
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
Library of Congress Cataloging-in-Publication Data
Gross, Steven E.
Compensation for teams: how to design and implement team-based reward programs / Steven E. Gross.
p. cm.
Includes bibliographical references and index.
ISBN 0-8144-0299-2
1. Incentives in industry. 2. Incentive awards. 3. Work groups. 4. Compensation management. I. Title.
HF5549.5.15G726 1995
658.3'225dc20Picture 3Picture 4Picture 5Picture 6Picture 795-24748
Picture 8Picture 9Picture 10Picture 11Picture 12Picture 13Picture 14CIP
1995 The Hay Group, Inc.
All rights reserved.
Printed in the United States of America.
This publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AMACOM,
a division of American Management Association,
1601 Broadway, New York, NY 10019-7606.
Printing number
10Picture 159Picture 168Picture 177Picture 186
Page v
To my team members:
Barbara, Sara, and Abby
Page vii
Contents
List of Exhibits
ix
Preface
xi
1 Introduction: Aligning Compensation, Culture, and Strategy
1
2 The Many Forms Teams Take
23
3 Team Environment and Competencies
40
4 Determining Base Pay
64
5 The Role of Performance Appraisal
86
6 Increasing Base Pay
108
7 Recognition Awards
129
8 Incentive Compensation
147
9 The Architecture of Team Pay
170
10 Implementing Team PayPhase I: Feasibility
189
11 Implementing Team PayPhase II: Design
210
12 Implementing Team PayPhase III: Implementation
231
Epilogue
244
Index
247

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