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This is a curious idea but I don't know if this solves any existing problem. The motivation of the employees is to choose the red dot (employees' choice) not s
by ronaldx 13y ago
This is a curious idea but I don't know if this solves any existing problem.
The motivation of the employees is to choose the red dot (employees' choice) not so high that you have to overrule their choice, but otherwise higher than the blue dot (employer's preference) and the white dot (current salary). Looks like they were successful this time :)
This would be more interesting article if employees were willing to reduce their own salary in lean times, or to relinquish a raise in good times.
I think a low red dot would illustrate a healthy company where employees have great buy-in to the success of the company - to the point that they are willing to protect the company's cashflow at their own expense - but this technique is going to create that situation.
I'd be interested to come back to this experiment in 5 years time, let's say.
Good luck!
- thomaslangston 13y agoI'm not sure it was intended to solve a problem, but I think it does provide benefits of increased employee autonomy and mental investment. That may move the needle on employee hiring, retention, or performance. Or it may just make the owner happy, specifically in the example the author appeared to value shared ownership as a goal in itself. The author also appeared to appreciate the vote on pay as a metric to determine how the employees viewed the state of the company (i.e. how big the communication gap was between himself and the employees given the company's promotion of internal transparency).