Bonuses via Peer Review

In the traditional academic workplace, compensation is set from top. That way resources get distributed fairly and institutional priorities can take precedence.

The Wall Street Journal is reporting about a new model for bonuses in which colleagues reward each other. MK-BT347A_MARKE_G_20120403182710As practiced at a coffee shop in San Francisco, employees receive a certain amount of shares that they can distribute to their coworkers, in essence voting for how much they value each other’s contributions.

This model requires leadership to cede some control but can also bring to their attention the work of some less visible employees. If academic medicine is going to take the concept of collaboration seriously, peer bonuses are one way to recognize excellence in that area.

Of course, tying teamwork to compensation is not the only way to do that. Praise comes in many forms.

Tags: ,

7 Responses to “Bonuses via Peer Review”

  1. Juegos says:

    Excelente articulo.

  2. kaffeevollautomat…

    [...]Bonuses via Peer Review « Faculty Development and Diversity[...]…

  3. Wendy says:

    Of course, tying teamwork to compensation is not the only way to do that. Praise comes in many forms.

  4. I just came by your blog and wanted to say that I’ve really liked browsing your blog posts.

  5. literki says:

    Selection of the original Chi took six months to Related articles: ■ stage uses modern laser projection . After the death of Russell in 2011 adhere to defuse the crisis through political means adhere to defuse the crisis through political means

  6. A large percentage of of whatever you mention is astonishingly legitimate and that makes me wonder the reason why I hadn’t looked at this in this light before. This piece truly did switch the light on for me personally as far as this particular issue goes.