deliverable 3 rewarding and compensating 1

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Competency

Evaluate methods and systems for rewarding and compensating teams.

Scenario Information

As a leader, you have been tasked with building a team whose purpose is to recommend a new performance evaluation system. The current system is outdated and greatly reduces employee morale each year.

Instructions

As the leader of this problem-solving team, you are tasked with educating staff on the methods and systems used for team rewards. The company has asked you for a two-page report to summarize how and why teams are compensated.

In your report, you will want to:

  • Describe the different types of team compensation and rewards.
  • Discuss the relation between motivation and performance.
  • Describe how managers evaluate and reward team performance.
  • Recommend strategies for determining appropriate compensation and rewards, based on team type.