David Maister's recently-completed podcast series Managing Professionals: Attitudes, Skills, and Behaviors is a really great resource for managers of any kinds of human beings. In the penultimate installment, entitled "You Cannot Manage Through Pay Schemes", he provides the most thorough trashing of pay-for-performance schemes I've ever heard. It's Bambi vs. Godzilla! But David doesn't stop at pointing out the weaknesses of pay-for-performance. He also outlines superior alternatives. I believe that we all should find a way to internalize this message and share it with management and HR organizations everywhere.
Note: Also check out David's new Business Masterclass series on Strategy.
posted by Mike at 11:18 AM