[dangero]

Valve probably has the best system I've heard of for capturing this value. Each employee is peer reviewed on their value to the company and then their score gives them a relative rank in the company. That rank determines their pay. I don't know what the scale is like, but I know Valve has profit sharing to some degree, so I bet it's pretty good if you're at the top of the list.

[StevenRayOrr]

So you have a source for this? It sounds equal parts insane and amazing. Certainly adds to the Valve mythos though.

[taligent]

This sounds dreadful to me.

Your peers will judge you based on THEIR ability and knowledge. Which in the IT industry is a problem because most developers are overly confident about their abilities. So you will end up with good developers being given poorer rankings.

I much prefer developers being judged on their ability to meet business outcomes.