4 ms·
Each employee receives a single unit of value. Let's call it a 'credit.' Each employee then has to distribute all of his 'credit' to other employees. Each emp
by mtrimpe 13y ago
Each employee receives a single unit of value. Let's call it a 'credit.'
Each employee then has to distribute all of his 'credit' to other employees.
Each employee then gives away any credit received according to the same original distribution.
Each employee continues doing so until the credit received and distributed reaches an equilibrium.
Each employee is then ranked by the total amount of 'credit' they've accumulated.
Maybe we should call it 'PeopleRank' ;)
- Angostura 13y agoPresumably this leads to people passes their credit to the worst candidate, in an effort to stop the good candidates from surpassing their own score.
- mtrimpe 13y agoDo you have any reason to believe this happens in an iterative model as well? In this model there's no reason to believe the worst candidate isn't passing his credit to employees just about to surpass you, which would defeat the purpose.
- nilkn 13y agoIf everybody did this, they'd still be helping someone else surpass their own score. It also puts a lot of power into the hands of that one guy, who gets to redistribute all those credits.
- xal 13y agoSo the funny thing is that this system is called Unicorn and has been in effect for many years at Shopify: http://www.fastcompany.com/1770955/using-social-media-improve-employee-communication-collaboration-and-even-compensation http://www.fastcompany.com/1770955/using-social-media-improv... It's useful, but no replacement for performance reviews.
- mtrimpe 13y agoI was going to ask how you knew that since I couldn't get that from the FastCompany article. Good thing I checked your profile first. Loved seeing you at MicroConf and keep up the good work ;) I'm not surprised that performance reviews are still needed since just a ranking wouldn't give employees a direction or focus to improve. I am curious what you did find the ranking information to be useful for though?
- bjourne 13y agoThat's equivalent to socialism. :) If the compensation received is proportional to the credits, then there is just one optimal strategy for distributing the credits.