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Team‐based reward plans

Duncan Ian Brown (Consultant at Towers Perrin, London.)

Team Performance Management

ISSN: 1352-7592

Article publication date: 1 March 1995

6932

Abstract

Team‐based reward plans are growing rapidly on both sides of the Atlantic. Uses the case of a gainsharing plan in one of Nuclear Electric′s power stations to demonstrate the importance of three factors in ensuring success. Effective team‐based plans need to: (1) relate to clearly defined business and HR goals; (2) be introduced as part of a more general, high involvement management approach; (3) reinforce the nature and types of teamworking required in the organization. Designed and operated in this way, team‐based reward plans represent a significant opportunity for companies to maximize the utilization of their human resources.

Keywords

Citation

Ian Brown, D. (1995), "Team‐based reward plans", Team Performance Management, Vol. 1 No. 1, pp. 23-31. https://doi.org/10.1108/13527599510064940

Publisher

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MCB UP Ltd

Copyright © 1995, MCB UP Limited

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