Documentation
Video Explanation
Peer-To-Peer assessment process
The process works with Google Forms, where each contributor is asked to input their name (from a dropdown) and evaluate all their team members, noting that they only assess their team members’ work done aspect, only if they worked together this past month.
The Google Form is divided into sections - one per each contributor. There are 4 questions within each section:
- Assessment of cultural contribution to the team
- Assessment of performance contribution to the team (work done)
- Feedback questions that cover negatives and positives of each contributor
Algorithm
Inputs
- Market Rates + Commitment for each contributor
- Base Salary = Market Rate * Commitment;
- Example: Market Rate: 5000, Commitment: 20%; Base Salary = 5000*0.2 = 1000;
- Assessment scores for all contributors
- Performance Adjustment Rate: This rate indicates how much a person's salary can be adjusted per point deviation from a neutral score of 3
Algorithm Design
Step 1: Calculate Average Score
Average score is the average value for each team member, based on all the feedback numbers they’ve gotten from their team
Step 2: Calculate the Salary Adjustment Multiplier for each contributor
Salary Adjustment Multiplier = (AverageScore - 3)*Performance Adjustment Rate
Example: Performance Adjustment Rate = 10%;
This rate indicates how much a person's salary can be adjusted per point deviation from a neutral score of 3. For a score of 1 to 5, the multiplier would range from -0.2 to 0.2.
- Average Score = 4
Salary Adjustment Multiplier = (4 - 3)*10% = 0.1
- Average Score = 1
Salary Adjustment Multiplier = (1 - 3)*10% = -0.2
Step 3: Calculate Individual Adjusted Salary
Calculate the adjusted salary for each contributor based on Salary Adjustment Multiplier.
Adjusted Salary = Base Salary*(1+SAM)
Example:
Expected Salary = $1200
- Person 1: Base Salary = $1200, Score = 1 Adjustment Multiplier = (1 - 3) * 10% = -0.2 Adjusted Salary = 1200*(1 - 0.2) = $960
- Person 2: Base Salary = $9000, Score = 5 Adjustment Multiplier = (5 - 3) * 10% = 0.2 Adjusted Salary = 9000*(1 + 0.2) = $10 800
- Person 3: Base Salary = $5000, Score = 3 Adjustment Multiplier = (3 - 3) * 10% = 0 Adjusted Salary = 5000*(1 + 0) = $5000