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As companies are continuing to increase team based incentive plans, describe at least three typical issues that can arise during the development and implementation phases. Offer solutions that you would recommend as the HR manager of a fictitious firm.
This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.Before delving into specific issues that may arise in the development and implementation of an increased adoption of team-based incentive plans, I would like to focus on a couple of fundamental desiderata that, I think, must underwrite the successful deployment of any such plan. For Peter T. Chingos, these are two of the “Best Practices in Paying for Performance” (xxi) he identifies: vision and accountability. This is not to say that the other factors he identifies aren’t important – rather, the point is to relate these two factors directly to the team-based incentive plan approach. First, vision: on the presumption that individualistic and individual-based incentive plans are the baseline, the default, the necessary inference is...