Download or read book Compensation for Teams written by Steven E. Gross and published by AMACOM/American Management Association. This book was released on 1995-01 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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