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Deliverable 3 – Rewarding and Compensating

CompetencyEvaluate methods and systems for rewarding and compensating teams.Student Success CriteriaView the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.ScenarioAs a leader, you have been tasked with building a team whose purpose is to recommend a new performance evaluation system. The current system is outdated and greatly reduces employee morale each year.InstructionsAs the leader of this problem-solving team, you are tasked with educating staff on the methods and systems used for team rewards. The company has asked you for a two-page report to summarize how and why teams are compensated.In your report, you will want to:Describe the different types of team compensation and rewards.Discuss the relation between motivation and performance.Describe how managers evaluate and reward team performance.Recommend strategies for determining appropriate compensation and rewards, based on team type.