Enhancing team performance should be a goal of every business with some employers choosing to introduce a team remuneration scheme to incentivise employees.
It can be an effective way of increasing productivity while having an appropriate mechanism monitor individual contributions and team output. When a reward is linked to the team achieving a certain target, there tends to be greater intrinsic motivation and employees will do the work of encouraging and pushing each other. However, leaders should be aware that there are always some team members that work harder than other and at times, social loafing can prove to negatively impact team culture and performance.
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