TEAM REWARD
CIPD issues guidance on team reward
The Chartered Institute of Personnel and Development has published an updated factsheet on team reward.
The factsheet gives introductory guidance. It:
assesses the advantages and disadvantages of team pay
sets out the requirements to be met
shows how systems should be introduced and managed
concentrates on the team reward process for managerial, technical and professional staff
includes the CIPD viewpoint.
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CIPD comment
“CIPD believes that team reward is a just and equitable way to acknowledge the contribution made by people as team members or individuals. It allows organisations to demonstrate that they value teams and individuals who perform well and that high levels of performance are important. Team reward can help focus the priorities on quality, customer service, innovation and co-operative work.”
Want to know more?
Title: Factsheet: Team Reward, Chartered Institute of Personnel and Development, revised March 2009.
Availability: To download the factsheet, free of charge, go to www.cipd.co.uk/onlineinfodocuments/factsheets.htm.
The Chartered Institute of Personnel and Development (CIPD) has more than 130,000 members and is the “leading professional institute for those involved in the management and development of people”. To find out more visit www.cipd.co.uk.