Name and define the most popular organizationwide incentive plans.
We’ve focused on individual employee incentives. We look now at incentives for teams and for all employees companywide.
Firms also need incentive plans that encourage teamwork and focus team members on performance. Team- (or group-) incentive plans pay incentives to the team based on the team’s performance.
The main question is how to reward the team’s performance, and the wrong choice can prove ...