No, fundamentally, I don't measure my output based on time.
You don't measure a purchase of a commodity based on output. When you go to buy fuel for your car or a bunch of strawberries (fuel for you!
) you're not buying the output performance of the strawberries being delicious. You're buying a
resource, such as the strawberries, which
may or may not be as delicious as you want them to be.
This is what companies are paying for. They're paying for a
resource (man hours) that you supply to them. If the performance is not up to standard then they will replace you with someone else that can supply them the same resource (which is harder if it is a skilled job, obviously, which is why the pay for skilled jobs is higher, same demand, lesser supply).
You're looking at the equation from the wrong direction, as paying for results is why people achieve
bonuses, and companies that apply rational and realistic bonuses generally have more productive workers. Results are
incentivized, but they are not what the majority of companies are paying for, nor should they be.
Trust me, as one who has worked in commission based industries, working for a company that pays you
only on performance sucks ass.
Time is an input; what I get done is my output. My employer, ultimately, doesn't care about time. It cares about results. And for those of us working on salary, that difference becomes even starker.
The thing is you're not entirely correct. Your company cares a lot about time. Time is of the utmost factor of any CEO's priority list. They want results, yes, but they want results
quickly. This is why they pay for time.
The problem there is that you get issues with folks who skate by, doing just enough not to get fired while still pulling down salary.
And this is why many companies incentivize performance with some sort of profit-sharing structure. Because you have to pay for the resource (aka time), and that only gets someone to come in and work. You then incentivize performance, and that makes them work
better.
But simply paying based on results is bad, it's
very bad, because it opens up an entire can of worms where the company can really abuse the worker, and vice versa. It also tends to foster illegal and semi-legal activities on the part of the employee, attempting to milk more money out of the system.
IRL, all sorts of complexities lead to the situations commonly seen today, and I expect that that model will evolve. IG, I see no reason to continue that same model.
Because it's functional, and could be interesting.