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View Diary: Corporate Life In The Rearview Mirror: Financial Shenanigans (20 comments)

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  •  Thanks, mygreekamphora (1+ / 0-)
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    mygreekamphora

    Pay for performance would make sense IF it was the sort of performance that mattered to customers. When shareholders are the Gods and customers are mere mortals, this is what you get.

    The article in the Wall Street Journal doesn't provide much detail, but your hypothesis sounds exactly on target.

    Those who do not understand history are condemned to repeat it... in summer school.

    by cassandracarolina on Tue Oct 02, 2012 at 07:09:24 AM PDT

    [ Parent ]

    •  Exactly (1+ / 0-)
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      cassandracarolina

      You get what you measure so often.  When the CEO is measured on short term stock performance everyone down the chain gets that message one way or another (leaving aside for the moment what they are measured on.)

    •  research shows pay for performance backfires (1+ / 0-)
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      cassandracarolina

      among knowledge workers and creative types, but does work to increase output for workers performing repetitive tasks requiring little cognitive interaction.

      http://www.voxeu.org/...

      " 'In this world, Elwood, you must be oh so smart or oh so pleasant.' Well, for years I was smart. I recommend pleasant. You may quote me." Elwood P. Dowd

      by paulbkk on Tue Oct 02, 2012 at 08:12:43 AM PDT

      [ Parent ]

      •  Well, my organization was full of (1+ / 0-)
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        mygreekamphora

        knowledge workers, so that makes perfect sense. They were trying to manage us as though we were all interchangeable cogs in a machine. Ironically, knowledge workers are smart enough to see right through that.

        Those who do not understand history are condemned to repeat it... in summer school.

        by cassandracarolina on Tue Oct 02, 2012 at 08:51:55 AM PDT

        [ Parent ]

      •  Thanks for the helpful link (1+ / 0-)
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        cassandracarolina

        Of course it all comes down to what the "output" is.  If the measured "output" is lower human capital costs then firing people/cutting benefits gets you there . . .

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