What if wages for everyone in a company are regularly voted on by the rest of the company? For example, if the manager isn’t doing their job, their wages are lowered by vote. If the manager tries to lower the wages of the workers to a horribly low level, it could either a) be overruled by the majority, or b) the manager’s wages are lowered suit, pressuring them to increase it.
This is probably a really stupid idea that is extremely prone to corruption, but why?
edit: yep this really is a stupid idea
Most people just aren’t equipped to decide how much someone else should earn. Firstly they might be unable to be objective about people they know. Secondly they don’t have the appropriate skills and experience to evaluate someone’s performance.
Due to the first issue, that would make the whole thing a popularity contest. You’d pretty much have to “campaign” to ensure everyone liked you. Who cares about productivity when all that really matters is that everyone likes you.
Instead of voting for someone’s salary, key personnel are evaluated by asking stakeholders to score them on whatever metrics. Stakeholders should include staff and clients and suppliers, et cetera.
Based on their performance you can determine an appropriate bonus.
Yeah, that’s probably why lots of companies have specialists that focus on managing the finances.