Hmm...interesting one...I think if companies started monetising time then it would set up the wrong incentives. Some people take longer to produce low quality work while someone may be able to produce quality work in shorter time...But I do think employers need to move away from vintage models of bums in seats between 09h00 and 17h00 in order to justify your salary - definitely needs to be more focused on outputs. Also employees should have more options around benefits and rewards beyond just a cash bonus (wherever these still exist!). But most of all - the economics syllabus of the time-value-of-money should definitely become part of mainstream education systems...it's a concept that many would benefit from I think...rather than what currently happens which is this general feeling of being time-poor or time-rich...and not being able to articulate it until one has a health scare, burns out or has a pandemic force them to change focus.
The aim of (at least the "free market" case study I covered is to like-for-like value all time, which is good for equity but not necessarily regarding incentives. I'm not sure there is a perfect model for money though! Just that the rules, whatever they are, should be fairly applied and that the rule maker /score keeper should stay off the field...
Hmm...interesting one...I think if companies started monetising time then it would set up the wrong incentives. Some people take longer to produce low quality work while someone may be able to produce quality work in shorter time...But I do think employers need to move away from vintage models of bums in seats between 09h00 and 17h00 in order to justify your salary - definitely needs to be more focused on outputs. Also employees should have more options around benefits and rewards beyond just a cash bonus (wherever these still exist!). But most of all - the economics syllabus of the time-value-of-money should definitely become part of mainstream education systems...it's a concept that many would benefit from I think...rather than what currently happens which is this general feeling of being time-poor or time-rich...and not being able to articulate it until one has a health scare, burns out or has a pandemic force them to change focus.
The aim of (at least the "free market" case study I covered is to like-for-like value all time, which is good for equity but not necessarily regarding incentives. I'm not sure there is a perfect model for money though! Just that the rules, whatever they are, should be fairly applied and that the rule maker /score keeper should stay off the field...