ome cutting-edge companies are experimenting with a new bonus model, says Rachel Silverman at The Wall Street Journal, in which your year-end windfall is decided not by your boss, but by those who perhaps know your work best: Your co-workers. In the case of San Francisco-based Coffee & Power, employees are given 12,000 stock options each, which they can dole out to the colleagues whom they deem most deserving. Some analysts say the move directs bonuses to the right places, while others argue that it could make for some fairly awkward water-cooler conversation. Here, an excerpt:
Exchanges like those at Coffee & Power make the labor market of an individual office fluid, crowd-sourced, and open to constant feedback. Allowing employees to vote on one another's performances also holds workers accountable and raises the stakes for those who don't contribute, managers say. On the flip side, there is a chance these markets could devolve into popularity contests, or lead to hard feelings among those who aren't recognized by the group.
Rank-and-file workers often have the best information about how others really perform, says Denise Rousseau, a management professor at Carnegie Mellon University.
"Who knows better than employees themselves who the contributors are...?"
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why I'm a pro-life liberal
- 31 TV shows to watch in 2014
- If a nuclear bomb exploded in downtown Washington, what should you do?
- He said he was leaving. She ignored him.
- How Ukraine can fend off the Russians, in 7 simple steps
- These stunning travel photos remind us that we're all just amateurs with iPhones
- Why we can't stop procrastinating, according to science
- How to be more satisfied with your life, according to science
- What would a U.S.-Russia war look like?
- There's a number of reasons the grammar of this headline could infuriate you
Subscribe to the Week