Not sure if our Renew colleagues have focused on events in India yesterday -- where the first ever auction for cricket talent took place for the new Indian Premier League. But maybe it offers a model for the future...
after a few players were identified to lead their home cities, the rest -- a motley collection of the good, the were-good-but-now-slightly-over-the-hill and the up and coming were divided into groupings and the new franchises were each given a budget to bid to optimise their teams. And with some interesting results with different strategies (solid v flashy; batters v bowlers) emerging -- and some players had rather rude wake up calls when they were sold at the base price... so might be really interesting if once we were through business planning we set up a Defra auction market to see who would pay what for whom -- and who would be the Glenn McGrath left on the bench with no takers.
Talking of HR innovation was interested yesterday with the Alan Johnson proposal for wellness notes. Having never in my life seen a Med 3, this is exactly what I got my consultant to write for me .. to say that I could work (or in his rather odd phrase "contribute intellectually") but not come into the office. But the fact that I am spending so much time blogging might suggest that other intellectual inputs not yet in much demand....so it may not just be doctors that have to change.. incidentally when I asked my doctor for that note his first reaction was -- you're in the government -- they are really slack there. Surely not....
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This is a very interesting idea for HR - as you say it almost certainly would reveal large misalignment of resources from a meritocratic optimum. And it's not far off the way we 'pick sides' for playground football. You could either do it at the current salary cost (in which case senior puddings would soon be weeded out or allow bidding for chosen talent from the total budget - which would see young stars highly paid and fought over. It would actually be a good 'baseline' thought experiment to do in a zero based-review of staff. I bet the budget would be spent of far fewer high performers.
By the way, I think these sort of ideas have wider application - it could also be extended to arms control... each side puts a value on all of its military assets or missiles, they agree to cut by say 20%, and the other side chooses which cuts to make from its adversary's arsenal*. This is more like the principle used to share a Mars bar - one friend cuts it in half, the other chooses which half they want.
*Perhaps allowing revaluation after each of 20 rounds in which one percent is cut, to allow for relative value of any asset to change as the overall arsenal changes.
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