Using team – individual reward and recognition strategies to drive organizational success

Discusses the value of team and individual reward strategies and how these can be used to contribute to organisational change and success. A review of team effectiveness and models of teamwork are first discussed so that team rewards are understood as important motivators to accomplishing organisational objectives. Four factors need to be considered in establishing team‐based rewards: the stages of a team life cycle, reward and recognition categories, the type of teams and the culture of the team and organisation. Forty‐four specific reward tools are described which can be used for individual or team incentives. Comprehensive matrices are put forward which can be used to determine which tool should be used at which stage in a team’s life cycle and with which type of team. Finally, the implementation cost, evaluation of team reward systems is considered.