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Team Performance Prize

 Team Overall performance Reward Article

Team Performance Prize

Hoang Thi Bich Chi

Nguyen Huy Hoang

Nguyen Thi Hoa Hong

Nguyen Thai Hung

Pham Trong Kha

Huynh Thi Anh Thoa

Hrm

January 26th, 2013

Doctor Lam Nguyen

Team Overall performance Reward

In the competitive market nowadays, what is the most essential element to business accomplishment? Is it the cutting-edge technology? Perhaps having a nice business office or having many new suggestions? Wrong, wrong, and incorrect. A prior examine indicated, " many agencies find teams to be important to their success” (Lucy, 2001, p. 73). Indeed, we could have the most contemporary equipment, the ideal workplace, plus the extremely creative thoughts, but since we do not have got a good group, we may are unsuccessful. Hence, the right way to encourage employees so that they may well perform better and even over expectations? In fact, a company is just successful when it has a great performance. To be more correct, a business will not perform well if the teams do not work together in an effective manner. As a consequence, a lot of organizations have motivated their very own employees simply by implementing the team-based reward. Thus, a question is presented here that " should certainly companies apply the team functionality reward to motivate employees”? What is " team performance reward”? Staff performance incentive is recognized as the reward program based on team performance to encourage staff to " coordinate all their actions, reveal information, that help one another” (Rankin, 2004). Actually, you will discover two varieties of rewards employed commonly today: monetary and nonmonetary returns. Depending on the task profile, nevertheless , both of them can easily motivate staff to add and spend more towards the organization. An important thing must be mentioned why these rewards would be allocated evenly to individual team members because their final results are efficiently linked. This means that all communicate, all gain together. It is difficult to deal with this matter that it " should” or " should not”. As such, this kind of study is to discover how they have an impact upon team overall performance as well as organization performance, the cooperation and competition of team members, the competitive advantages, diversity of the company, and last but not least, the responsible understanding of individuals. Promoting Arguments

Team Overall performance Reward Enhances the Possibility of Achieving Team's Desired goals Nowadays, thanks to globalization and technology developments, business environment has changed. Qualities that characterizes contemporary business environment are complexity, task interdependence, knowledge-based, and specialized. Technically, teams need to employ standardised processes in carrying out all their tasks. Initial, teams have to define their very own goals. All those goals need to be realistic and specific. Second, strategies and tactical plans must be thoroughly developed. Third, teams put into practice those approaches and programs effectively and efficiently. Finally, teams need to constantly screen the processes, opinions and have corrective action if necessary. In team-performance-reward-based organization, reward interdependence characterized working and appraisal mechanism. Personnel have advantage in common. They get equal stocks and shares. Assists teams build clear goals. As, team members are unconscious of their personal advantage, they are team's goals focused. They have wide minds and think intentionally. They deem that achieving team's goals is definitely their priorities. All affiliates deeply believe and active contribute to the goals building method. As a result, team's goals have already been well identified. Helps clubs develop strategies and ideas by stimulating knowledge writing. Information is vital for producing strategies and plans. " Knowledge showing is the fundamental requirement of a knowledge-based organization” (Milne, 2001, para. 1). Unfortunately, quite a lot of employees consider information and knowledge that they have as their own asset and advantages. Team performance prize can fix this problem. As team members will be...

References: Anna, A., Isabel, A, & Hanna, S. (2007), Individual versus Team Based Reward Systems – A Study how Organizations Argue For Their Choice. Retrieved coming from http://hdl.handle.net/2077/4706

Becher, J

Catmull, E. (2005). Pixar - A Human Account of Laptop Animation. Retrieved from http://pixarplanet.com/blog/pixar-a-human-story-of-computer-animation

Cowan, M

Milne, G. (2001). В Rewards, recognition and knowledge showing: seeking a causal website link. Retrieved by http://alianet.alia.org.au/publishing/aarl/32.4/full.text/milne.html

Thompson, L

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