Thursday, October 26, 2006
Free market theory at workplace
Is it possible to implement free market theory at workplace. What I mean by free market theory is to let each employee barter or trade currency for the work they do. So effectively the compensation of each worker is tied to the work/value add they put in. Would this result in anarchy or an efficient self organizing structure in which no managers would exist?
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Isn't that what the consultant/"body shopper" market all about?
On a slightly different note, apparently google has a model wherein anyone with a funded project idea gets to pick whoever s/he wants for that given project from amongst all the available employees. And vice versa i.e. the employees can choose to join or not. Not exactly a monetary compensation, but I figure the best employees & the best project generators build a free market like reputation & benefit from it.. i.e. great coders get asked to join projects. And those with great ideas get all the good coders lining up to join.
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