Valuation Done Right

"… and this portion of the pay is in the form of credit. A promise to pay under the terms of the employment contract. The employee becomes a creditor to her/his employer.

Look inside.

"further, within the employer's internal eco-system that credit can be exchanged with other value such that, in the aggregate, it is a self-correcting valuation mechanism that can scale quickly but predictably.  Most of the value is created through 'labor' and ideas and organization the relative value of which is updated frequently and transparently."

At first he thought, it was a shame they did not get a readout of what led to this part of the conversation. But then again, maybe this was just what was needed.

© 2010 Buzz Hill