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New guide to rewarding teams

TEAM PAY

New guide to rewarding teams

At its best, team pay can encourage closer teamworking and co-operative behaviour, but there are some formidable stumbling blocks. E-reward.co.uk has published a new practical guide to help you decide whether team pay will work well in your organisation.

What you will find in this report

This 48-page guide sets out the benefits and pitfalls of team-based pay and looks at the factors to take into account when introducing team rewards.

 

Page no.

Executive summary

6

Chapter 1: What is team pay?

  • Definition of team pay
  • Description of purpose and features of team reward strategies
  • Evidence regarding prevalence of team reward in UK.

8

Chapter 2: Why introduce team rewards?

  • Rationale for team rewards
  • What is a team?
  • Types of teams that operate within organisations.

11

Chapter 3: Advantages and disadvantages of team pay

  • The case for team pay
  • Just another fad?
  • Stumbling blocks.

14

Chapter 4: Criteria for success

  • When is team pay appropriate?
  • Design guidelines
  • Success factors
  • Research on team pay effectiveness.

18

Chapter 5: The reward mix for teams

  • Conflicting demands of rewarding team and individual performance
  • Developing a mix of rewards
  • Using skill and competency-based pay
  • Team pay "architecture"
  • Non-financial rewards.

22

Chapter 6: Developing and implementing team pay -- a seven-step programme

  • Effective approach for analysing, diagnosing and designing a team pay scheme
  • Checklist: Selecting performance measures
  • Checklist: Final proposals
  • Checklist: Success factors
  • Checklist: Requirements for team pay to act as an incentive
  • Checklist: Reward system effectiveness.

26

Chapter 7: Key concerns of organisations moving to team-based pay

  • Dilemmas reward practitioners may encounter when introducing team rewards
  • Practical guidance from leading team reward gurus.

43

Resources

  • A selection of essential publications on team pay.

46

Want to know more?

Title: "A guide to team rewards", e-research, issue no. 12, June 2003, published by e-reward.co.uk.

Price: The report is available from e-reward.co.uk at £35 + VAT. Or you can receive it as part of an annual subscription to e-research and we will send you 11 issues of our monthly report for £200 + VAT.

Availability: If you would like to subscribe, simply email your name, company, address, telephone and email details to Paul Thompson: paul@e-reward.co.uk. Please specify the number of subscriptions that you require. We will then invoice you. Or click on "Research Reports" on the left-hand navigation panel of the e-reward.co.uk web site and complete the online booking form.

For more information about this monthly series jump to www.e-reward-data.co.uk/content/ResearchReports.asp

PDF format

The research reports are emailed to you in PDF (Portable document format) files which can be opened using Acrobat Reader software. You can download this free of charge from the Adobe web site www.adobe.com/products/acrobat/readstep.html

Posted 15 July 2003