Pay by time or Pay by task?
I was having a Slack discussion recently with some of my friends at Bloch&Østergaard (Working to create workplaces where people want to show up).
We started discussing the article about Microsoft testing a 4-day work week which has also been posted in the forum here.
The discussion then transitioned into why we are paying people for their time in the office and not their effort.
For many years – a couple of hundred – we have rewarded employees according to effort=time=money.
Will it make more sense in the future to remove the "time" factor in this equation? Maybe it should be something more like tasks/roles/responsibility = money.
This is partially what we see with the growth of the gig economy. Companies pay to get something done - not necessarily for the hours worked.
So the discussion for the forum is two-fold.
1) Are there any examples out there of companies that are moving away from pay-by-time and towards pay-by-"something else"? And doing it internally - not by just hiring gig workers.
2) In general a discussion on how "pay-by-"something else" potentially could work.
Looking forward to hearing input!
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The idea of self-management tends to be received with both interest and cynicism. Amongst the varied reactions, there is one recurring doubt that I hear time and time again. That doubt is deep. That doubt, is trust.