3 ms·

Thank you. The idea is loosely based on a system we heard about that Second Life uses.

by xal 16y ago

brown9-2 16y ago
If you don't mind, could you share some more about how this works? I'm curious about the mechanics of such a system, if you've set up rules saying "a bonus is paid out when 51% of the votes agree" (assuming that someone nominates someone for an award and an amount and the rest of the employees vote to approve it or not). Or is it just that everyone gets 1/Nth of the pie allocated to themselves and can dole out any slice of that 1/N however they like?
- xal 16y ago
  Here is how it works at the moment: * twice a month we determine how much money goes into the system based on how well we are doing * Money is split evenly amongst all employees and contractors who have been with us for more then 3 months. * This money can be arbitrarily spend as a bonus on any other colleagues. You can't spend it on yourself and you can't simply take it. It has to be spend on others. * Once a quarter the bonuses are paid out through payroll. * As you can see in the screenshot, everyone can show their accomplishments. This looks a lot like http://dribbble.com/ http://dribbble.com/ . This serves as inspiration if someone doesn't know who deserves a bonus. Once an accomplishment is posted it will also be cross posted into our company Campfire.
  - Caligula 16y ago
    Glad to see your from Ottawa. I am a masters student at Carleton's TIM program. Are you guys involved with the Ottawa startup scene? I am curious if there are any meetups/events/websites you can recommend.
    - xal 16y ago
      Lot's of people form Shopify show up for the regular startup drinks events. By the way, we love the Tony's Tim program. We hired 2 people directly from there. You should track our careers page and apply for some coop positions when they come up :-)
      - Caligula 16y ago
        Yes Tony is great. I am doing a startup so no coop for me yet. I hope to meet you guys at a startup event sometime.

Thank you. The idea is loosely based on a system we heard about that Second Life uses.

by xal 16y ago

Thank you. The idea is loosely based on a system we heard about that Second Life uses.

If you don't mind, could you share some more about how this works? I'm curious about the mechanics of such a system, if you've set up rules saying "a bonus is paid out when 51% of the votes agree" (assuming that someone nominates someone for an award and an amount and the rest of the employees vote to approve it or not). Or is it just that everyone gets 1/Nth of the pie allocated to themselves and can dole out any slice of that 1/N however they like?

xal 16y ago
Here is how it works at the moment: * twice a month we determine how much money goes into the system based on how well we are doing * Money is split evenly amongst all employees and contractors who have been with us for more then 3 months. * This money can be arbitrarily spend as a bonus on any other colleagues. You can't spend it on yourself and you can't simply take it. It has to be spend on others. * Once a quarter the bonuses are paid out through payroll. * As you can see in the screenshot, everyone can show their accomplishments. This looks a lot like http://dribbble.com/ http://dribbble.com/ . This serves as inspiration if someone doesn't know who deserves a bonus. Once an accomplishment is posted it will also be cross posted into our company Campfire.
- Caligula 16y ago
  Glad to see your from Ottawa. I am a masters student at Carleton's TIM program. Are you guys involved with the Ottawa startup scene? I am curious if there are any meetups/events/websites you can recommend.
  - xal 16y ago
    Lot's of people form Shopify show up for the regular startup drinks events. By the way, we love the Tony's Tim program. We hired 2 people directly from there. You should track our careers page and apply for some coop positions when they come up :-)
    - Caligula 16y ago
      Yes Tony is great. I am doing a startup so no coop for me yet. I hope to meet you guys at a startup event sometime.