That's very sweet, but the problem with this idea is that hours worked is very easy to measure - But value created is much harder. Even if you could measure that relatively precise, what happens if an employee spends a lot of time on a task that later turns out to be worthless. Are you going to punish him for that? That hardly seems fair.
Basically, we measure time worked because it correlates pretty good with effort made and that in turn tends to correlate with value produced. Unless you work in a field where the value is easily measured (Like sales), there really is no alternative.
Basically, we measure time worked because it correlates pretty good with effort made and that in turn tends to correlate with value produced. Unless you work in a field where the value is easily measured (Like sales), there really is no alternative.