Some companies let co-workers choose raises, bonuses - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Some companies let co-workers choose raises, bonuses

(KFVS) -

How do you think you would rate if your co-workers were in charge of your raises and bonuses?

An online Wall Street Journal article says some companies are doing just that.

The programs run differently when it comes to the details, but they usually work like this:

Bosses give employees "stock futures" and the employees can give them all to one co-worker or distribute them as they see fit.

Then bonuses or some sort of perk is distributed according to who has the most "stock"

Companies don't usually use the internal markets as the sole basis for reviews, and there is a concern that the markets can become popularity contests.

But some managers swear by the practice.

For the full article, click here.

Copyright 2012 KFVS. All rights reserved.

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