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AKA co-operatives. But that would mean giving those employees actual power and ultimately proportional compensation (i.e. you can no longer justify paying the C

by pluma 7y ago

AKA co-operatives. But that would mean giving those employees actual power and ultimately proportional compensation (i.e. you can no longer justify paying the C-level staff orders of magnitude more than the majority of the workforce, at least not without that majority signing off on those paychecks).

adam 7y ago
I agree with you that organizationally companies may end up having to go in that direction, but I think there are some interim steps to have employees feel more like they have a voice. For example, we run internal prediction markets at companies where employees get to make bets on relevant outcomes (will we beat sales targets this quarter, will this project get done on time, etc.) that drive decision making. We also run internal Kickstarter-style crowdfunding campaigns, where a chunk of money is literally distributed to employees to spend on ideas they come up with themselves. So for example, we're working with a nuclear lab and they distributed $1.5M to about 500 employees. Ideas they came up with that the "crowd" funded to their "tipping point," the lab agreed would turn in to actual projects. Normally these decisions would have been made by executives only, now they've been completely democratized.
- logicchains 7y ago
  What platform do you use for prediction markets; is it open source/publically available?
  - derivagral 7y ago
    From his profile, it looks like his current company[0] is the platform and he's talking about clients. Cool concept, I know someone involved in engagement in a large public company who's trying to handle the culture of execs vs employees. [0] cultivatelabs.com
maxxxxx 7y ago
That’s a good point. In my company they have started to solicit ideas and even ways to fund them but this breaks down because it’s still the execs deciding on the winners and there is no financial benefit for the employees who provided the ideas. So as employee you become very cynical when you win a contest and the only thing you get out of it is some pizza with a VP and more work.
- pluma 7y ago
  Well, you should be cynical. A lot of companies at this point are basically LARPing as cooperatives but revert to the usual hierarchies as soon as it comes to who owns the company and who gets to call the shots or compensation.
  - maxxxxx 7y ago
    It’s the same with loyalty. They still speak the language of commitment and “we are a family” but they don’t act accordingly.

by pluma 7y ago

adam 7y ago

I agree with you that organizationally companies may end up having to go in that direction, but I think there are some interim steps to have employees feel more like they have a voice. For example, we run internal prediction markets at companies where employees get to make bets on relevant outcomes (will we beat sales targets this quarter, will this project get done on time, etc.) that drive decision making. We also run internal Kickstarter-style crowdfunding campaigns, where a chunk of money is literally distributed to employees to spend on ideas they come up with themselves. So for example, we're working with a nuclear lab and they distributed $1.5M to about 500 employees. Ideas they came up with that the "crowd" funded to their "tipping point," the lab agreed would turn in to actual projects. Normally these decisions would have been made by executives only, now they've been completely democratized.

logicchains 7y ago
What platform do you use for prediction markets; is it open source/publically available?
- derivagral 7y ago
  From his profile, it looks like his current company[0] is the platform and he's talking about clients. Cool concept, I know someone involved in engagement in a large public company who's trying to handle the culture of execs vs employees. [0] cultivatelabs.com

maxxxxx 7y ago

That’s a good point. In my company they have started to solicit ideas and even ways to fund them but this breaks down because it’s still the execs deciding on the winners and there is no financial benefit for the employees who provided the ideas. So as employee you become very cynical when you win a contest and the only thing you get out of it is some pizza with a VP and more work.

pluma 7y ago
Well, you should be cynical. A lot of companies at this point are basically LARPing as cooperatives but revert to the usual hierarchies as soon as it comes to who owns the company and who gets to call the shots or compensation.
- maxxxxx 7y ago
  It’s the same with loyalty. They still speak the language of commitment and “we are a family” but they don’t act accordingly.