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Explain about compensation system for team. Explain about factors needed in designing pay structure for team. Make a brief literature review about compensation strategy for team. Support your writing with related references.

Explain about compensation system for team. Explain about factors needed in designing pay structure for team. Make a brief literature review about compensation strategy for team. Support your writing with related references.

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Please Answer 3sub parts point from the Image... If can please send answer not type and Image... Your type screenshot and send Image to Answer... Thank u

GETTING FREE RIDERS OF THE RAIN Working in teams can be a great experience when the camaraderie is high, team members are capable and motivated, and everyone pulls their share of the work load. Teams can be a powerful source of creativity, productivity, and innovation in organizations. Operating in teams can also be a terrible experience when some members don't give it their all and let others carry the burden. Free riding or social loafing, is a common problem in work teams. Since team results are often used to determine rewards for each member, negative feelings can occur when some members of the team don't contribute at the same level as others but still receive the team incentive award. High performers are the members most likely to quit in frustration, so managers can't ignore this toxic force on work teams. Keeping all members focused and working toward team goals and incentive rewards means that managers have to engage each and every member and not allow free riders to sit idly by while everyone else performs well. Team dynamics will improve and the team will function more effectively if free riders get off the train. Explain about compensation system for team. Explain about factors needed in designing pay structure for team. Make a brief literature review about compensation strategy for team. Support your writing with related references.
Transcribed Image Text:GETTING FREE RIDERS OF THE RAIN Working in teams can be a great experience when the camaraderie is high, team members are capable and motivated, and everyone pulls their share of the work load. Teams can be a powerful source of creativity, productivity, and innovation in organizations. Operating in teams can also be a terrible experience when some members don't give it their all and let others carry the burden. Free riding or social loafing, is a common problem in work teams. Since team results are often used to determine rewards for each member, negative feelings can occur when some members of the team don't contribute at the same level as others but still receive the team incentive award. High performers are the members most likely to quit in frustration, so managers can't ignore this toxic force on work teams. Keeping all members focused and working toward team goals and incentive rewards means that managers have to engage each and every member and not allow free riders to sit idly by while everyone else performs well. Team dynamics will improve and the team will function more effectively if free riders get off the train. Explain about compensation system for team. Explain about factors needed in designing pay structure for team. Make a brief literature review about compensation strategy for team. Support your writing with related references.
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