Bertrand Duperrin's Library tagged compensation →  View Popular, Search in Google

"In my latest book, Fixing the Game: Bubbles, Crashes, and What Capitalism can Learn from the NFL, I wrote about the negative impact of executive stock-based compensation on corporate short-termism. Eliminating stock-based compensation would help reduce the incentive for executive leadership to focus on the short term. But there is a residual problem which has long frustrated me. The answer finally popped into my brain (funny how that works). As usual, the solution won't be easy to pull off (but that has never stopped me)."

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"L'agence Criteo dépoussière le concept paternaliste de l'employé du mois. Chaque mois, chacun des 300 salariés dispose d'un crédit de 100 euros à donner anonymement, au travers d'un vote, à un collègue proche ou en poste à l'autre bout du monde. "

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"People who are engaged in profit-orientated businesses are, for the most part, employed to perform specific types of tasks. Whether the task is on a production line or producing invoices, people develop a set of skills and sell those skills to an employer. So it should come as no surprise to anyone that the employees of a company are focused on what they are compensated to produce."

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"Even if we set aside the truly productive HR departments, the problem is all the other HR departments that are unnecessary and counterproductive. Let's look at what HR does, and how it could be done better by another corporate function:"

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"The impact of new technologies, especially the web 2.0 ones, and social networks will dramatically change many HR systems. A few examples:"

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Some have predicted that crowdsourcing is the future of the marketing, advertising, and industrial design industries. The phenomenon, they argue, will accelerate creativity across a larger network.

Others, meanwhile, have predicted this practice of opening up a task to the public instead of keeping it in-house or using a contractor will be the demise of those businesses because of the downward pressure on prices. If LG crowdsources a new cell phone design on CrowdSpring for $20,000, as it did recently, what happens to the old model of paying a design firm millions of dollars for the same project?

So which is it? Does crowdsourcing represent the beginning of the end of creative organizations? Or does it herald the beginning of something bigger and transformational for those agencies—and for business in general?

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There are many, many instances of financial incentives driving behavior that then causes organizations major problems. This fact raises the question of why no one ever seems to learn anything—which explains why the current situation with home mortgages looks remarkably like the case of making bad loans to countries that couldn’t repay them about 25 years ago and a little like the savings and loan mess of the late 1980s.

I can point to three key reasons why collectively we seem to learn nothing from past mistakes:

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