Compensation for teams: how to design and implement team-based reward programs
Here at last is the one-stop guide that will help you plan, design, and implement team compensation programs with speed and confidence. The author is one of the world's few authorities in this highly specialized field, and he draws on his experience as a compensation consultant to America'...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY [u.a.]
AMACOM
1995
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | Here at last is the one-stop guide that will help you plan, design, and implement team compensation programs with speed and confidence. The author is one of the world's few authorities in this highly specialized field, and he draws on his experience as a compensation consultant to America's most successful team-based corporations to help you custom-design a strategy that works By following the proven 13-step process detailed in this book, you'll learn how to create different pay strategies for the three main team types in use today: parallel teams, process teams, and project- or time-based teams; determine base pay for team members; align the key components of additional compensation for teams: increases in base pay (merit raises), recognition awards (both cash and noncash), and incentive compensation; win "buy-in" by allaying members' fears and helping them accept risk; identify the 21 competencies vital to team success and develop a competency model specific to your organization's needs and culture; adapt existing appraisal systems to measure team performance; and combine these elements into a "compensation architecture" that is flexible, yet solid and enduring At each step, real-world examples and case studies from team-based organizations help you understand the process and avoid the pitfalls. Results of a nationwide survey by the Hay Group provide critical data on team compensation trends |
| Beschreibung: | XI, 259 S. Ill. |
| ISBN: | 0814402992 |
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| 520 | 3 | |a Here at last is the one-stop guide that will help you plan, design, and implement team compensation programs with speed and confidence. The author is one of the world's few authorities in this highly specialized field, and he draws on his experience as a compensation consultant to America's most successful team-based corporations to help you custom-design a strategy that works | |
| 520 | |a By following the proven 13-step process detailed in this book, you'll learn how to create different pay strategies for the three main team types in use today: parallel teams, process teams, and project- or time-based teams; determine base pay for team members; align the key components of additional compensation for teams: increases in base pay (merit raises), recognition awards (both cash and noncash), and incentive compensation; win "buy-in" by allaying members' fears and helping them accept risk; identify the 21 competencies vital to team success and develop a competency model specific to your organization's needs and culture; adapt existing appraisal systems to measure team performance; and combine these elements into a "compensation architecture" that is flexible, yet solid and enduring | ||
| 520 | |a At each step, real-world examples and case studies from team-based organizations help you understand the process and avoid the pitfalls. Results of a nationwide survey by the Hay Group provide critical data on team compensation trends | ||
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| 650 | 7 | |a Teamwork |2 gtt | |
| 650 | 4 | |a Équipes de travail | |
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| 650 | 4 | |a Incentive awards | |
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Datensatz im Suchindex
| _version_ | 1804125442597191680 |
|---|---|
| adam_text | 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 Pay—Phase I: Feasibility 189
11 Implementing Team Pay—Phase II: Design 210
12 Implementing Team Pay—Phase III:
Implementation 231
Epilogue 244
Index 247
vii
List of Exhibits
1 1. Why teams? 4
1 2. Team effectiveness: alignment. 6
1 3. Employee selection for team assignments. 13
1 4. Employee perception. 17
2 1. Team type prevalence. 26
2 2. Team type characteristics. 38
3 1. Why teams fail. 44
3 2. Behavioral competencies. 46
3 3. Team competencies. 48
3 4. Comparison of competency models for work
cultures. 52
4 1. Work comparison: seventy five common
considerations. 74
4 2. Major work comparison approaches. 77
4 3. Work comparison alternatives. 79
4 4. Salary bands. 84
5 1. Performance management process. 88
5 2. Performance appraisal criteria. 91
5 3. Performance appraisal competency rating
example. 96
5 4. 360 degree/multi rater performance
appraisal. 100
6 1. Base pay components. 110
6 2. Skill levels. 116
List of Exhibits
x
6 3. A comparison of the differences: skills versus
competencies. 122
6 4. Increase approaches. 125
6 5. Merit increase recommendations. 126
7 1. Recognition awards. 131
7 2. Recognition approach guidelines. 140
8 1. Incentive compensation participation. 151
8 2. Incentive plan objectives. 156
8 3. Incentive compensation payout formula. 158
8 4. Incentive payout matrix. 160
9 1. Team reward alternatives. 171
9 2. Team pay architecture (focus). 172
9 3. Team compensation prevalence. 174
9 4. Pay versus performance matrix. 180
10 1. Implementing team based compensation
(Phase I). 191
10 2. Readiness diagnostic: difference between
successful and troubled plans. 200
10 3. Compensation strategy. 207
11 1. Implementing team based compensation
(Phase II). 211
11 2. Risk versus reward trade off. 212
11 3. Plan design priorities. 214
11 4. Incentive compensation characteristics. 220
11 5. Outline of a typical incentive plan document. 229
12 1. Implementing team based compensation
(Phase III). 232
12 2. Ongoing monitoring. 241
|
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| illustrated | Illustrated |
| indexdate | 2024-07-09T18:01:38Z |
| institution | BVB |
| isbn | 0814402992 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007327722 |
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| owner_facet | DE-739 |
| physical | XI, 259 S. Ill. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | AMACOM |
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| spelling | Gross, Steven E. Verfasser aut Compensation for teams how to design and implement team-based reward programs Steven E. Gross New York, NY [u.a.] AMACOM 1995 XI, 259 S. Ill. txt rdacontent n rdamedia nc rdacarrier Here at last is the one-stop guide that will help you plan, design, and implement team compensation programs with speed and confidence. The author is one of the world's few authorities in this highly specialized field, and he draws on his experience as a compensation consultant to America's most successful team-based corporations to help you custom-design a strategy that works By following the proven 13-step process detailed in this book, you'll learn how to create different pay strategies for the three main team types in use today: parallel teams, process teams, and project- or time-based teams; determine base pay for team members; align the key components of additional compensation for teams: increases in base pay (merit raises), recognition awards (both cash and noncash), and incentive compensation; win "buy-in" by allaying members' fears and helping them accept risk; identify the 21 competencies vital to team success and develop a competency model specific to your organization's needs and culture; adapt existing appraisal systems to measure team performance; and combine these elements into a "compensation architecture" that is flexible, yet solid and enduring At each step, real-world examples and case studies from team-based organizations help you understand the process and avoid the pitfalls. Results of a nationwide survey by the Hay Group provide critical data on team compensation trends Beloningen gtt Primes de rendement Salaires - Gestion Stimulants dans l'industrie Teamwork gtt Équipes de travail Compensation management Incentive awards Incentives in industry Teams in the workplace Arbeitsgruppe (DE-588)4124562-3 gnd rswk-swf Lohn (DE-588)4036229-2 gnd rswk-swf Arbeitsgruppe (DE-588)4124562-3 s Lohn (DE-588)4036229-2 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007327722&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gross, Steven E. Compensation for teams how to design and implement team-based reward programs Beloningen gtt Primes de rendement Salaires - Gestion Stimulants dans l'industrie Teamwork gtt Équipes de travail Compensation management Incentive awards Incentives in industry Teams in the workplace Arbeitsgruppe (DE-588)4124562-3 gnd Lohn (DE-588)4036229-2 gnd |
| subject_GND | (DE-588)4124562-3 (DE-588)4036229-2 |
| title | Compensation for teams how to design and implement team-based reward programs |
| title_auth | Compensation for teams how to design and implement team-based reward programs |
| title_exact_search | Compensation for teams how to design and implement team-based reward programs |
| title_full | Compensation for teams how to design and implement team-based reward programs Steven E. Gross |
| title_fullStr | Compensation for teams how to design and implement team-based reward programs Steven E. Gross |
| title_full_unstemmed | Compensation for teams how to design and implement team-based reward programs Steven E. Gross |
| title_short | Compensation for teams |
| title_sort | compensation for teams how to design and implement team based reward programs |
| title_sub | how to design and implement team-based reward programs |
| topic | Beloningen gtt Primes de rendement Salaires - Gestion Stimulants dans l'industrie Teamwork gtt Équipes de travail Compensation management Incentive awards Incentives in industry Teams in the workplace Arbeitsgruppe (DE-588)4124562-3 gnd Lohn (DE-588)4036229-2 gnd |
| topic_facet | Beloningen Primes de rendement Salaires - Gestion Stimulants dans l'industrie Teamwork Équipes de travail Compensation management Incentive awards Incentives in industry Teams in the workplace Arbeitsgruppe Lohn |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007327722&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT grossstevene compensationforteamshowtodesignandimplementteambasedrewardprograms |