Last week I visited planet Jupiter. It was an amazing trip. I have so much to share with you. However, in this post, I will focus on Value Based Engagement (VBE).
What is Value Based Engagement?
Your employer pays you based on value you are adding every day. It does not matter how fancy your job title is, or how many hours you are putting to work.
In spare time Senior Managers coach Graduates, Graduates clean kitchen and toilets, CEOs call customers for feedback. There all have one common goal. That is, to maximise adding value to their organisation. That is how they earn extra cash, bonus and promotions. In Jupiter, employees do not fall sick too often. Why? Because, if you are sick, you are not adding value to your organisation. Therefore, there is no need for your employer to pay you. It is individual responsibility to take personal insurance. Personal insurance covers for any sickness.
Employers do not dictate dress codes. Employers believe that they hire adults and expect them to know appropriate dress code. At the end of day, employees are responsible to add value to business. They decide best dress to do their job effectively.
Employers do not care if employees are working from train station, orchard, winery or office. Employer only needs to know how much to pay each employee. Employer calculates it based on simple rule. That is, amount of value employee added to business. It means that some months employee earns a lot, other months not that much. In reality, there is no limit on how much any employee can earn. They just have to find new ways to adding value.
Yes, no one fills any Timesheets! Because no pays by time.
You may be thinking, how they calculate ‘Value’? They use highly sophisticated systems that calculate value. It depends of three major factors:
Information related to above factors fed to ‘Value Calculator’ system. Value Calculator determines salary for each employee.
In Jupiter, it is mandatory to provide feedback. So, if you had a coffee at coffee shop. You must have to press one of the smiley buttons to provide feedback for service. Similarly, if you are a managing team of five people. Then, your direct reports, senior management, internal customers, external customers and all other stakeholders will provide your feedback to Value calculator.
It is common for people to work for more than one employers and hold multiple Job titles. That reminds me another Jupiter incident. Mr Zee (my neighbour) is Project Manager by profession. One fine morning Zee greeted me with big usual smile and said “I am rushing to work. I will catch-up when I am back”. I find it unusual. He generally dress-up in stunning formal outfit. Today he is in U-Shirt (equivalent to our T-Shirt). I could not stop myself. I uttered, “Zee, have you lost your job?” His smiling face expanded even further, “No Mr Singh, I have completed my assignment yesterday. Today I have nothing to add to my organisation. Therefore, I am just going to clean my office”
‘Amazing…’ I thought in mind and waved, “Have a good day Zee!”
After Zee left, I noted benefits of Value Based Engagement:
I think, our planet should learn from Jupiterors. What is stopping us to adopt Value Based Engagement? At this stage, we may have more questions than answers. That is fine! Let us share our thoughts about benefits, challenges and adoption methods for VBE. I am sure answer lies within us (our open community of planet Earth). I still have some good relations with Jupiterors. If we are stuck, I can endeavour to ask them at my next visit!