Title: Team performance based compensation plans: implications for human resources and quality improvement from agency theory perspective

Authors: Mesut Akdere, Tuncay Yilmaz

Addresses: University of Wisconsin-Milwaukee, Department of Administrative Leadership, 641 Enderis Hall, 2400 E. Hartford Ave., Milwaukee, WI 53211, USA. ' University of Sakarya, Department of Labor Economics and Industrial Relations, Esentepe Kampusu, 54100, Sakarya, Turkiye

Abstract: Today, the global economy is undergoing some dramatic changes in the organisation of the workplace and the manner in which employees are paid. The growing use of teams in the workplace has led to an increasing number of incentive systems designed to motivate and increase team performance. As a field aiming to develop and unleash human expertise for the purposes of improving performance, Human Resources heavily utilises the workteam method as one of its practice tools. Agency theory further provides a dimension in understanding the dynamics of team-based compensation.

Keywords: team performance; team compensation; human resources; quality improvement; agency theory; firm performance; strategic compensation.

DOI: 10.1504/IJHRDM.2006.009750

International Journal of Human Resources Development and Management, 2006 Vol.6 No.1, pp.77 - 91

Available online: 09 May 2006 *

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