There are a number of web apps that help employers track individual and team achievements enabling them to allocate rewards fairly – take PropsToYou as an example. However, for larger companies it may be easier – and more effective – to let the employees themselves decide who deserves recognition from above. Bonus.ly is a platform that enables businesses to employ a peer-to-peer bonus allocation system across their organization. READ MORE…
Who’s not for better outcomes when it comes to rewarding performance? Aren’t we all? Duh….
Still, I find myself hesitating before I can really endorse something like the system touted in this article. Trying to stay guided by the principle “high school never ends,” I suspect that bonus allocations with a system like Bonus.ly will simply wind up rewarding “popularity” and not real “value-adding performance.” Moreover, a system like Bonus.ly essentially takes the responsibility for awarding bonuses (and so motivating the best possible performance) out of the hands of managers. So, any organization that relies on the Bonus.ly platform instead of managerial judgement is, de facto, admitting that it doesn’t trust the judgement of its managers to allocate bonus resources effectively.