Team‐based reward plans

Team‐based reward plans are growing rapidly on both sides of the Atlantic. Uses the case of a gainsharing plan in one of Nuclear Electric′s power stations to demonstrate the importance of three factors in ensuring success. Effective team‐based plans need to: (1) relate to clearly defined business and HR goals; (2) be introduced as part of a more general, high involvement management approach; (3) reinforce the nature and types of teamworking required in the organization. Designed and operated in this way, team‐based reward plans represent a significant opportunity for companies to maximize the utilization of their human resources.