Homework: Rewarding and Compensating
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 The current system is outdated and greatly reduces employee morale each year.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:
1) Describe the different types of team compensation and rewards.
2) Discuss the relation between motivation and performance.
3) Describe how managers evaluate and reward team performance.
4) Recommend strategies for determining appropriate compensation and rewards, based on team type.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.