Some 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
- 43 TV shows to watch in 2014
- It's official: The religious right is calling it quits
- How science is accelerating our search for alien life
- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- Inside Turkey's shadow war with ISIS
- The Hunger Games: Mockingjay — Part 1: 10 major differences between the book and the movie
- 6 tiny scientific mistakes that created huge disasters
- The dangerously childish morality of liberal ObamaCare supporters
- The real story behind Deliver Us From Evil
- How to be the most productive person in your office — and still get home by 5:30 p.m.
Subscribe to the Week