Compensation is a hard problem, but this scheme doesn't seem to address one of the key reasons it's hard: you can have two people who, on paper, have the "same"

Compensation is a hard problem, but this scheme doesn't seem to address one of the key reasons it's hard: you can have two people who, on paper, have the "same" duties and do the "same" work, and yet their output and net contributions are wildly different. I hope it works well for them, but partitioning employees N discrete and fixed slots guarantees that at any given moment, some people will still be paid too little and some will still be paid too much for the work they are doing, relative to their co-workers.