Coinbase Tests App for Employees To Grade Each Other During Meetings (theinformation.com) 42
Coinbase is testing a practice where it asks employees to frequently rate each other. Some employees at the company have been using a real-time evaluation app invented by Bridgewater Associates, the well-known hedge fund founded by Ray Dalio, which helped enforce a culture of "radical transparency" that encourages blunt honesty, The Information reported Monday, citing two people with direct knowledge. From the report: The app, Dot Collector, is sold by Principles, a company Dalio founded. Coinbase's version lets employees evaluate co-workers, including their managers, on how well they exemplify the crypto firm's 10 cultural tenets -- which include clear communication, efficient execution and positive energy -- during meetings and other interactions, these people said. After an interaction, an employee can give their colleague a thumbs-up, thumbs-down, or neutral rating.
Grabbing the popcorn (Score:5, Insightful)
LOL, there is absolutely no way this cannot end badly.
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LOL, there is absolutely no way this cannot end badly.
Agreed. Although the goal is "blunt honesty," I don't see how a faint hope for honesty begins to counteract the much stronger motivation to give ratings that improve one's own personal position, even if that requires downgrading coworkers through selective evaluations or outright lies.
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No shit (Score:3)
Before I retired I worked for a reasonably large outfit (20k + employees). HR and the executives tried out several of these employee engagement/evaluation/peer2peer criticism software applications. None of them were successful to any degree and all were either abject failures or complete disasters.
These things are a substitute for real human interaction and HR sees the value in removing the unpredictable human element that is an integral part of first level or line management. The execs never had to u
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Only evaluate those above you in the org chart.
That's a good way to entrench a cabal of lazy, incompetent workers who no longer have to tolerate a competent, effective boss.
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Anybody who believes this is a good idea was likely one of "the popular kids" in high school, and only learned how to be popular with the other popular kids, and how to bully smart kinds into doing their homework for them.
In short, parasites with no self esteem who can only feel less like a loser by continuing be popular with the other popular parasites, and bully the smart kids into doing their work for them.
If you don't know who I'm talking about, you are who I'm talking about.
Peer review is the cornersto
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Awesome! (Score:1)
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Heh. Most likely you'll get downvoted for uttering warnings about the stupid ideas of said manager :D
Even anonymously people tend to prefer their head up someone's ass.
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More likely, "contentious" employees will be fired through the long process of manager's reviews. I have seen these solicitations from employees end up hurting both the employee who said anything as a critique of another employee ("contentious' label" and the employee who was critiqued ("all your co-workers complain about you").
This is another case of Managers too lazy or too incompetent to do their own jobs and forcing non-managers/employees to do supervisory work without superv
Re: Awesome! (Score:2)
Employee must resist the urge to "play manager" without the pay!
Warning I did this and was fired. Manager left to a new org. I was most senior and going on the fourth time this happened. Each time I played manager and got rave reviews from teammates but second and third level managers rejected that on my perf review. So fourth time around I said nope gonna keep engineering. Instead we got a director playing first level manager and had no clue NO CLUE what we were building. He was woefully unprepared and und
Brutally Honest Bullshit. (Score:2, Insightful)
"...a real-time evaluation app invented by Bridgewater Associates, the well-known hedge fund...which helped enforce a culture of "radical transparency" that encourages blunt honesty..."
Blunt honesty? Since when is THAT welcomed in society today? A woman cannot define what a "woman" is anymore, and yet you expect the hedge fund org who are literal experts at betting against success to help you succeed in the workplace with this app crap?
I wish you and your fellow narcissists the best of luck. Hope the co-worker sniping goes well. May the Farce be with you.
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If I were working there, I would be bluntly honest by spreading information to my coworkers on the best way to find other jobs.
social credit (Score:2)
One day they will come for you too.
https://www.spectator.co.uk/ar... [spectator.co.uk]
The Simpsons Have This Covered (Score:4, Funny)
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I was thinking of Lionel Hutz. The lawsuits will be flying.
Black Mirror (Score:4, Informative)
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I was coming here to post the same thing. I remember seeing the episode. It was titled, "Nosedive".
https://en.wikipedia.org/wiki/... [wikipedia.org]
Sounds horrible (Score:2)
"radical transparency" in theory only. In reality, I think it would actually cause massive conformity due to people going with their feelings. Most employees would just give everybody 3 (assuming the rating is out of 5) for everything in order to not cause unnecessary conflict and/or just not giving a shit. Or employees would be downvoted by coworkers they don't like or don't agree with and upvote those they like. Very rarely would employees use the system how it is intended, by rating on the quality of
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I worked for a place that has a system like this. Every month, we were asked to rate each employee every quarter. We all rated each other five stars because if we did three stars, HR would come in and ask why people are not being rated 100% positively. Overall, it was worthless.
people are NOT rational actors (Score:1)
And apparently, people in charge don't know that.
I would be very interested in seeing what happen when the CEO gets a majority of thumbs down.
No matter how "radically transparent" you want to be, the problem is that radical transparency collides with someone else viewpoint and/or "peculiarities".
Also transparent about what ?
This whole idea is such a shitshow. people will be honest with you IF they respect you AND if they think you will in turn be honest with them, you know, that trust thing. Trust takes t
Camaraderie (Score:2)
A corporate gestapo is great for employee morale, loyalty, and trust.
Posted under the watch of my fellow patriot and colleague.
Black Mirror Social Score (Score:5, Interesting)
Curiously China is doing something similar. Is this the beginning of the end for Coinbase?
https://nationalpost.com/enter... [nationalpost.com]
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Also in an episode of The Orville and Sliders I believe.
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Also in an episode of The Orville and Sliders I believe.
I was thinking that Sliders had an episode about that. Was a long time ago now.
Re:Black Mirror Social Score - Woke score (Score:2)
That's nothing, the USA now has government controlled by one party this is too busy getting their Woke Score maxed than to work together and do anything useful for the citizens.
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Is this the beginning of the end for Coinbase?
What if the Titanic had implemented this before hitting the iceberg?
(ship hits iceberg, something clearly wrong)
ship's-person 1: "i'm afraid to report this ship is sinking"
ship's-person 2: "i'm tired of your negativity" (gives bad rating to ship's-person 1)
(ship's-person 2 gets out a secret life boat)
ship's-person 1: "hey, let me on"
ship's-person 2: "i don't want that kind of negativity on this lifeboat" (gives another bad rating to ship's person 1 for demanding tone)
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"Community" has this beat with MeowMeowBeanz (Score:3)
One of Community's funniest episodes involved the social networking app MeowMeowBeanz that allowed everyone to rate everyone else. I won't spoil it, but it completely revamps the entire culture.
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You know there's a Twitter profile [twitter.com] and Apple App Store page [apple.com] for MeowMeowBeenz -- right?
In my case 90% of the time I'd be graded (Score:2)
B) counting holes in the ceiling tiles
C) reading a magazine (the early days, before I learned that was A Bad Look (tm)
D) snoring
E) contributing, usually because I called the meeting and had a good reason for doing so
Over 40 years I'm guessing the number of useful meetings I was in was well under 10% Worst were the weekly staff meetings, where 5 minutes of information took 60 minutes to exchange.
Actually, the worst was the time I had daily meetings.
Objective evaluation? (Score:1)
Clear communication (Score:2)
10 cultural tenets -- which include clear communication, efficient execution and positive energy
This app killed any clear communication and positive energy that might happen.
I'm trying to figure out the descriptive word (Score:2)
Evidently, someone has been watching too much Survivor during COVID.
Interviews by Bridgewater Associates not for me. (Score:1)
It will inherently discriminate against autistics (Score:2)
At face value this will inherently discriminate against autistics who are allegedly a protected class, but Coinbase already knows that the Americans With Disabilities Act has no force or effect and also that the government overtly sanctions the redlining of autistics.
Everything is a commodity (Score:2)
"When a metric becomes a target, it is no longer a useful metric."