Assignment:
Create a 500 word essay
Compare and contrast the similarities and differences among skill-based pay-for-knowledge and competency-based pay plans.
Your answer should be at least 500 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
A hot topic in organizations is the development and use of teams within the organization, particularly self-managed work teams. A reason frequently cited for support of these self-managed teams is that they reduce the number of managers required by an organization. Using the CSU Online Library, research the topic of teams, including compensation programs for teams.
Describe the pros and cons of work teams using additional sources other than your textbook.
Discuss the validation of the belief that they reduce the number of managers required by an organization. Include examples and points not in the textbook, and fully explain your reasons.
Discuss the best compensation programs for a team environment using specific examples to support your answer.
Your paper should be between two to four pages. Use APA format, and cite references.APA Guidelines