I think there is a case to be made that some of these employees could receive more training instead of being told to go look elsewhere.
That said, there is a lot of good stuff in this article. Getting rid of formal vacation policies, not using performance bonuses as a motivator, relying on people to be adults instead of on HR.
Bonus for example: studies show that people are not motivated by performance bonuses. At least for professionals, compensation is a retention issue, not a productivity issue: high performers will be resentful if his buddy at another company is paid more for the same work.
Informal vacation policies favour the employer. They're a grubby way to go hands off and let internal politics squeeze more hours out for you.
They're in the exact same category of stupidity as combined sick and holiday days. It looks great on paper, until your office perpetually has sick people in it because no one wants to burn a vacation day.
That said, there is a lot of good stuff in this article. Getting rid of formal vacation policies, not using performance bonuses as a motivator, relying on people to be adults instead of on HR.
Bonus for example: studies show that people are not motivated by performance bonuses. At least for professionals, compensation is a retention issue, not a productivity issue: high performers will be resentful if his buddy at another company is paid more for the same work.