Preview

Joe Gutierrez PM team building and modivation

Satisfactory Essays
Open Document
Open Document
432 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Joe Gutierrez PM team building and modivation
Joseph Gutierrez

Dr. Mindy Kole

Performance Management

Team Building and Motivation

Name: Joseph A. Gutierrez

Article Title: Goals Team Based Incentives - Do They Work?

Author: Linda Kuritzkes

Journal/Periodical: Academy of Management Perspectives

Publication: http://www.teambuildinginc.com/article_incentives.htm

Abstract:
What an organization can do to make a team more effective is the Holy Grail of success, but too often the organization dies by the well intentioned sword of the poorly implemented team compensation they live by. The question “Do Team Based Incentive work?” is addressed in this article, and the author gives the answer “yes” with some qualifiers. The methodology of how to reward teams so the outcome is improved results is addressed by a number of suggested steps.

Article Reflection:
Though the sales case used is fictitious, it is presented in a manner that is clearly explained by Linda Kuritzkes. She does so in a simple, almost recipe like step-by-step explanation.
Central to her recipe is her suggestion to first make sure that there are some true synergies to be achieved by the team that cannot be matched by individuals working separately, which I could not agree more with. She goes on to list others which together leads to a good example of what elements are required for team success.

She expresses what I agree is critical, and that is that a well thought out compensation plan, clearly communicated and well understood by all needs to be in place to target, identify and reward desired performance. I also agree with her assertion and statement that “Team based incentives do work, provided there is a compelling business need for teamwork, the appropriate individuals have been selected and trained, and the compensation plan reinforces the business goals and motivates the team members”

How it relates to Text:
In Aquinas: Chapter 11, Managing Team Performance; Aquinas states a

You May Also Find These Documents Helpful

  • Powerful Essays

    Rwt1 Wgu Business Report

    • 2510 Words
    • 11 Pages

    Within this business report, I have analyzed three different employee compensation strategies that I feel could be well executed within our organization. Employee compensation is key to recognizing and rewarding our employees for their performance and contributions to the overall company’s success. Because it is a signficiant factor, we need to carefully evaluate the three options in my report.…

    • 2510 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Hr590 Final Project

    • 2368 Words
    • 10 Pages

    "Use Compensation Strategy as a Tool to Motivate Your People." Strategic Human Resource. SBI, n.d. Web. 20 Oct 2012. .…

    • 2368 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Mr. Zaboschuk

    • 2303 Words
    • 7 Pages

    Ferracone, R. A., & Borneman, J. P. (2001). Putting pay for performance back into incentive programs. Compensation & Benefits Management, 17(4), 29.…

    • 2303 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Rwt1 Research Paper

    • 2313 Words
    • 10 Pages

    This report examines 3 different compensation systems that our company can develop and enforce within our company for our employees. Compensation is the most important and rewarding factor for employees, so a thorough and thoughtful approach should be taken as we think about changing the way in which this company rewards it's employees for the work they do for us each and every day.…

    • 2313 Words
    • 10 Pages
    Best Essays
  • Good Essays

    References: Henderson, R. I. (1998). Compensation management: rewarding performance. ( 2nd Ed.). Reston Pub. Co.…

    • 516 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A compensation strategy is one of the many human resources (HR) tools that organizations use to manage their employees. For an organization to receive its money’s worth and motivate and retain their skilled employees, it needs to ensure that their compensation system is not an island by itself. Not only is it important for an organization to link compensation to its overall goals and strategies, it is important that its compensation system aligns with its HR strategy. Let’s face it, if an organization is not paying its skilled employees what they are worth or at least the industry average, the chances are they will find an organization that will pay them for their talents.…

    • 342 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Ridoran Manufactoring

    • 1377 Words
    • 6 Pages

    According to Martocchio (2009), “Compensation professionals promote effective compensation systems by meeting three important goals: internal consistency, market competitiveness, and recognition of individual contributions” (Martocchio, 2009, p. 19). It is essential that these objectives are met to retain employees and make them feel valued and appreciated; all while functioning within the organizational budget. As Riordan Manufacturing considers themselves to be a leader within their industry, they understand that listening to the voice of their employees and remaining flexible regarding the compensation benefits offered worth together in alignment with their company mission. As…

    • 1377 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    A company’s fundamental purpose and objective of compensation is to provide adequate and equitable rewards to employees at a level that matches theirs skills, abilities and contributions to the company (DeNisi, Angelo S., Griffin, Ricky W., 2008, p. 284. Para. 1). Compensation is the human resource management function that deals with every type of reward that individuals receive in return for performing work – including financial and nonfinancial rewards. Financial rewards include direct payments (e.g. salary) plus indirect payments in the form of employee benefits. Nonfinancial rewards include everything in a work environment that enhances a worker’s sense of self-respect and esteem by others (Cascio, 2006, p.418, Para. 1).…

    • 1391 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Companies today should mirror their compensation and benefit programs with their long- term business strategy and organizational culture. According to Casio (2010), “Pay systems are designed to attract, retain, and motivate employees” (p.421). The most important objective is fairness or to achieve internal, external, and individual equity; and maintain a balance in relationships between direct and indirect forms of compensation, and between the pay rates of supervisory and nonsupervisory employees. Employers must perform job analysis, develop job descriptions, evaluate the value of job/position in the organization, develop pay structure and pay levels to create competitive employee compensation and benefits (Cascio, 2010).…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Support strong relationship between the team leader and employee contributions which enhances core values of the Team Leads Program.…

    • 265 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Despite of the fact that every individual in Learning Team A has different personalities, each of them can be motivated by differently and accomplish the tasks in different methods. Reward compensation is considered as the best type of motivation in organization; however, there are so many numerous types of motivation plan that the management can come up with for their employees. This way, the organization will learn that motivations do improve the satisfaction of the employees that eventually results in much better performance in their…

    • 1446 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Meanwhile, the said program for employees should provide changes based on performance, promotion or changing conditions and provision of regular remuneration and performance reviews is considered essential. Similarly, incentives remuneration such as giving bonuses as discretionary rewards for achieving targets can also heighten the determination of employees to work. Gerhart and Rynes (2003) support the idea that individual incentives can generate substantial increases in performance. On the other hand, benefits can also be given to compensate salary costs such as health care plans, life insurance and retirement benefits. The remuneration program should be aligned to both the organisation’s strategic objectives and employee needs and must be supported by the human resource department to attract, retain and motivate employees within the…

    • 2238 Words
    • 9 Pages
    Best Essays
  • Better Essays

    A Tale of Two Coaches

    • 1791 Words
    • 8 Pages

    References: Krzyzewski, M. (2005). Build a Winning Team. Leadership Excellence, 22(1), 10-11. Retrieved from EBSCOhost.…

    • 1791 Words
    • 8 Pages
    Better Essays
  • Best Essays

    I/O Psychology and the Union

    • 2842 Words
    • 12 Pages

    Hunter, L.W., MacDuffie, J.P., & Doucet, L. (2002). What makes teams take? Employee reactions to work reforms. Industrial and Labor Relations Review, vol.55, no. 3 (April 2002), pp.448-472.…

    • 2842 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Organizations have embraced teams and teamwork as an effective way of doing business. The last 20 years has seen the replacement of 'supervisors' by 'team leaders'. Companies have embraced these concepts because they work. Employee motivation and morale improves dramatically when people feel valued and when their contributions make a difference. This paper about teamwork highlights the role of teamwork in achieving improved…

    • 922 Words
    • 4 Pages
    Good Essays