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Posted: January 28th, 2022
Assess Team-based Compensation Systems
For this assignment, assume you are an HR consultant who was recently hired by a cereal factory that is planning to implement team-based compensation for the first time. The CEO of the company wants to learn more about team compensation before making any decisions. Prepare a brochure about the types of team-based pay and discuss its strengths and benefits. For an excellent resource about the different types of team-based pay rewards, consult Chapter 6 in Gerhart and Rynes (2003), listed in this week’s resources.
Design a 4-sided brochure that depicts the following:
· Discuss the general benefits and limitations of team compensation.
· List and explain three types of team compensation systems.
· Offer a recommendation to the CEO about which type of team-based compensation should the company choose. Explain why and identify its benefits.
· Include graphics and images to support your presentation.
· Choose an appropriate software program to create your brochure, but if you use a specialized graphics program, be sure to save your document in a portable format such as a PDF or a JPEG before submitting it to your instructor.
· Conclude with a summary.
References: Support your brochure with at least 3 scholarly resources.
Your brochure should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards
Examine Compensation Systems for Teams
Assume you are an HR consultant who has just been engaged by a cereal plant that is about to adopt team-based remuneration for the first time. Before making any judgments, the company’s CEO wants to learn more about team compensation. Prepare a pamphlet outlining the various types of team-based pay and discussing its advantages and disadvantages. Consult Chapter 6 of Gerhart and Rynes (2003), which is provided in this week’s resources, for a great reference on the many sorts of team-based pay rewards.
Create a four-sided brochure that includes the following information:
Discuss the advantages and disadvantages of team compensation in general.
Make a list of three different types of team compensation schemes and explain each one.
Make a recommendation to the CEO regarding which type of team-based project to pursue.
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