A new compensation model
The last time you worked on a project, how were you compensated. Or perhaps are you formally employed and you normally receive a monthly salary?
There are several models of dividing revenue to compensate employees or team members depending on the nature of the project. The most popular include static monthly income and equal share when you work on a project.
As a team we are looking at the various models and we work on what we feel, the future of work should embrace. What do we mean? For the monthly salary model, you get paid even if you just clock in and out without creating any value in the organization. For equal share, you are paid the same amount of money even if the value you created is the smallest.
TunaDivide, a project that is being spearheaded by 5 team members from Tunapanda Institute: John, Yvette, Dennis, Wenslas and I, is a proof-of-work revenue distribution model which compensates employees according to the amount of value they create.
We are using the various tools we have that document the data we normally generate at a time while working on various projects. This will enable us to create a distributed blockchain system where all the payments, compensation and any stipends shall be open to all members and also be verified by them before allocation. This shall be done based on documented efforts and results output from individuals over a given period of time.
The future of work is entering an era where viable startups need to produce and sell their services/products. Production should be tracked for proper compensation; you get paid for the value you create.
We are really excited about the projects as we wait to have our minimum viable product to start testing our assumptions.
