> Performance management, as practiced in many large corporations in 2024, is an outdated technology that is in need of an update Author made a couple of fundamental mistakes: the first is they assume employees are (or should be) paid according to how much they "individually" earned the company. Employers strive to pay employees the minimum they can bear, on employer's terms. Those terms are information asymmetry and…
When I first heard of the Work Number, I thought there's no way they stay in business given the Real Page suit.
Hey, wait – is employee performance Gaussian distributed?
161–170 of 341 posts
Re: Hey, wait – is employee performance Gaussian distributed?
#162> Performance management, as practiced in many large corporations in 2024, is an outdated technology that is in need of an update Author made a couple of fundamental mistakes: the first is they assume employees are (or should be) paid according to how much they "individually" earned the company. Employers strive to pay employees the minimum they can bear, on employer's terms. Those terms are information asymmetry and…
> the first is they assume employees are (or should be) paid according to how much they earned the company From the perspective of a employee and/or human, that does seem like the most fair way of distributing what the company earns, sans the money that gets reinvested straight back into the business itself. But I'd guess that'd be more of a co-operative, and less like the typical for-profit company most companies ar…
Re: Hey, wait – is employee performance Gaussian distributed?
#163"IQ is Gaussian" – it was pointed out somewhere, and only then became obvious to me, that IQ is not Gaussian. The distribution is manufactured. If you have 1000 possible IQ questions, you can ask a bunch of people those questions, and then pick out 100 questions that form a Gaussian distribution. This is how IQ tests are created. This is not unreasonable... if you picked out 100 super easy questions you wouldn't get…
IQ scores have proven highly correlated to educational achievement, occupational attainment, career advancement, lifetime earnings, brain volume, cortical thickness, health, longevity, and more. To the point of being accurate predictors of these things even when controlling for things like socioeconomic background. It's used because it works as a measuring tool, how the tests are constructed is largely irrelevant to…
This doesn't say anything in particular about whether it's useful, just that people should be careful interpreting the values directly.
Re: Hey, wait – is employee performance Gaussian distributed?
#164> Performance management, as practiced in many large corporations in 2024, is an outdated technology that is in need of an update Author made a couple of fundamental mistakes: the first is they assume employees are (or should be) paid according to how much they "individually" earned the company. Employers strive to pay employees the minimum they can bear, on employer's terms. Those terms are information asymmetry and…
I have a crazy idea. If a corporation lays off any people in a particular job category/title, that corporation should not be allocated ANY H1B visas for that job category/title for the next year. If a corporation institutes any policy that requires decimation (or any other statistic-based termination program) of employees with a particular job category or title, or if IN EFFECT they perform this (because they will ju…
Re: Hey, wait – is employee performance Gaussian distributed?
#165> Performance management, as practiced in many large corporations in 2024, is an outdated technology that is in need of an update Author made a couple of fundamental mistakes: the first is they assume employees are (or should be) paid according to how much they "individually" earned the company. Employers strive to pay employees the minimum they can bear, on employer's terms. Those terms are information asymmetry and…
I feel like I'd prefer some balance. There are superstars. We know them. We can easily point them out in peer reviews. But, we're also a team, there's lots to do, not everyone gets to work on the high profile easy to identify "impact" parts.
Re: Hey, wait – is employee performance Gaussian distributed?
#166Earlier quoted context omitted.
I have a crazy idea. If a corporation lays off any people in a particular job category/title, that corporation should not be allocated ANY H1B visas for that job category/title for the next year. If a corporation institutes any policy that requires decimation (or any other statistic-based termination program) of employees with a particular job category or title, or if IN EFFECT they perform this (because they will ju…
The play devil's advocate, presumably they're fired because they didn't meet standards (in whatever vague way they can justify) and they want foreign workers because local workers didn't meet those standards.
Re: Hey, wait – is employee performance Gaussian distributed?
#167Earlier quoted context omitted.
Employers want to pay the minimum, clearly, but until a person’s salary exceeds the value they bring to a firm, there will be other firms willing to pay more and attract that talent. So provides some upward pressure on wages, which the author addresses: > Economists will teach you something called the Marginal Productivity Theory of Wages, the idea being that the amount of money that a company is willing to spend on…
> there will be other firms willing to pay more and attract that talent. ...marginally more. Still nowhere near the actual value their labor brings in. We simply don't have a competitive enough employer market to provide the upward wage pressure that would be sufficient to pay people fairly.
Re: Hey, wait – is employee performance Gaussian distributed?
#168Earlier quoted context omitted.
I have a crazy idea. If a corporation lays off any people in a particular job category/title, that corporation should not be allocated ANY H1B visas for that job category/title for the next year. If a corporation institutes any policy that requires decimation (or any other statistic-based termination program) of employees with a particular job category or title, or if IN EFFECT they perform this (because they will ju…
The play devil's advocate, presumably they're fired because they didn't meet standards (in whatever vague way they can justify) and they want foreign workers because local workers didn't meet those standards.
Re: Hey, wait – is employee performance Gaussian distributed?
#169Earlier quoted context omitted.
I have a crazy idea. If a corporation lays off any people in a particular job category/title, that corporation should not be allocated ANY H1B visas for that job category/title for the next year. If a corporation institutes any policy that requires decimation (or any other statistic-based termination program) of employees with a particular job category or title, or if IN EFFECT they perform this (because they will ju…
The play devil's advocate, presumably they're fired because they didn't meet standards (in whatever vague way they can justify) and they want foreign workers because local workers didn't meet those standards.
Re: Hey, wait – is employee performance Gaussian distributed?
#170> Performance management, as practiced in many large corporations in 2024, is an outdated technology that is in need of an update Author made a couple of fundamental mistakes: the first is they assume employees are (or should be) paid according to how much they "individually" earned the company. Employers strive to pay employees the minimum they can bear, on employer's terms. Those terms are information asymmetry and…
I have a crazy idea. If a corporation lays off any people in a particular job category/title, that corporation should not be allocated ANY H1B visas for that job category/title for the next year. If a corporation institutes any policy that requires decimation (or any other statistic-based termination program) of employees with a particular job category or title, or if IN EFFECT they perform this (because they will ju…