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Thread: How do you give away $10,000?

  1. #1
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    How do you give away $10,000?

    Hypothetically, I guess...

    Let's say you're leading a team who is submitting an entry to a competition where the prize is 10 large. There is you (the Grand Pooh-Bah), two sub-Pooh-Bahs, and several underlings. Everyone has a job description, and an expected amount of time his job will require, which will certainly change.

    There is no second place. There is no other compensation.

    Assuming we win, how do you assign the prize money? It should be related to effort and time, but mostly to actual contribution, which is different and much harder to estimate.

    Any thoughts?
    It's idomatic, beatch.

  2. #2
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    I would create a formula where the dollar amounts are not drastically different, but do reflect that some put in more effort than others.

    I would also be sure that people are clear on the financial division before the contest. There is no use in any surprises taking place if you win.

    What about...

    Grand poo bah: $2400
    Sub Grand Poo bah - $2000 (x2) = $4000
    Underlings - $1200 each (x3) = $3600

    Or something like that....
    “Within this furnace of fear, my passion for life burns fiercely. I have consumed all evil. I have overcome my doubt. I am the fire.”

  3. #3
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    You ever watch Ocean's 11? Equal shares if it is indeed a team event and you need all members.
    "Girl, let us freak."

  4. #4
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    How-to with FNG: Episode 3: How-to give away $10,000

    Step one: Make out a check for $10,000 to [FNG's real name]
    Step two: Mail check to [FNG's address]

    The end.
    "I smell varmint puntang."

  5. #5
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    1. Go to Vegas
    2. Get a suite
    3. Go whoring
    4. Go whoring
    5. Go whoring
    6. Repeat
    "All God does is watch us and kill us when we get boring. We must never, ever be boring."

  6. #6
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    Quote Originally Posted by watersnowdirt
    I would create a formula where the dollar amounts are not drastically different, but do reflect that some put in more effort than others.

    I would also be sure that people are clear on the financial division before the contest. There is no use in any surprises taking place if you win.

    What about...

    Grand poo bah: $2400
    Sub Grand Poo bah - $2000 (x2) = $4000
    Underlings - $1200 each (x3) = $3600

    Or something like that....
    OK, so I appreciate the Rev's response. That works for him.

    I agree that you need to define the structure up front, not necessarily the exact amounts. But, this is a skill-intensive project. If one person's skilled job takes 10 times longer than another guy's (or gal's!), he should get more, no? But I don't know exactly how long each job will take in advance.

    Also, many of the team will be students, who can be flaky, unreliable, and un-worth anything, in my experience. Not all, but some. These few should get fired, but if you can't do it or don't find out about their worthlessness in advance, they should get less, no?

    Can the team members rate each other at the completion of the project somehow?
    It's idomatic, beatch.

  7. #7
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    Quote Originally Posted by FNG
    How-to with FNG: Episode 3: How-to give away $10,000

    Step one: Make out a check for $10,000 to [FNG's real name]
    Step two: Mail check to [FNG's address]

    The end.
    Make sure you route it through the bank of Ted here in Lawrence before it goes to FNG. As for a real answer, I vote for wsd's idea.

  8. #8
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    Quote Originally Posted by Cornholio
    OK, so I appreciate the Rev's response. That works for him.

    I agree that you need to define the structure up front, not necessarily the exact amounts. But, this is a skill-intensive project. If one person's skilled job takes 10 times longer than another guy's (or gal's!), he should get more, no? But I don't know exactly how long each job will take in advance.

    Also, many of the team will be students, who can be flaky, unreliable, and un-worth anything, in my experience. Not all, but some. These few should get fired, but if you can't do it or don't find out about their worthlessness in advance, they should get less, no?

    Can the team members rate each other at the completion of the project somehow?
    That all makes sense. As far as rating each other after - NO - that's a disaster waiting to happen.

    can you have a "task" minimum that's agreed upon in advance? Much like a flat fee contract. So person A must do Task 1, Task 2, Task 3 to get their allotted share (regardless of whether it takes 5 minutes or 5 hours to do).

    This is how i do my contracts with clients. I'll get paid by the product, not the time I put in. frankly, it's easier on everyone.
    “Within this furnace of fear, my passion for life burns fiercely. I have consumed all evil. I have overcome my doubt. I am the fire.”

  9. #9
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    Pooba: $3K
    tier 2: $1800 ea. + 500 bonus
    tier 3: $800 ea. + 500 bonus

    Bonuses determined by vote (most contribution) at completion, all members vote for both groups. Essentially, you and tier 2 decide tier 1 bonus, you and tier 3 decide tier 2 bonus.

  10. #10
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    Quote Originally Posted by watersnowdirt
    As far as rating each other after - NO - that's a disaster waiting to happen.
    But it will also motivate people to work. Flat fees generally result in no motivation to do well. Being evaluated by those who worked around you but not in direct competition seems to make sense.

    I suppose give that they lose if they perform poorly, this might not apply.

  11. #11
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    Wink

    Tell them you lost/were DQ'd/tested positive for steroids. Keep the 10,000 for yourself
    Last edited by DJSapp; 01-06-2005 at 06:47 PM.
    I've concluded that DJSapp was never DJSapp, and Not DJSapp is also not DJSapp, so that means he's telling the truth now and he was lying before.

  12. #12
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    I'm in favor of the equal share for each member idea. Every team member is important. Take your car for example; the engine does all of the work, but without the wheels, you're not going anywhere (cheesy I know...best I could come up with).

    Define the responsibilities for each team member. You could assign a dollar amount to each responsibility if you really wanted to get down to it. Just make the potential for each member equal.

    I like the idea of setting some aside to be distributed by team vote at the end. Leaves some incentive for putting forth that extra effort.
    [This Space For Rent]

  13. #13
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    Quote Originally Posted by The Reverend Floater
    1. Go to Vegas
    2. Get a suite
    3. Go whoring
    4. Go whoring
    5. Go whoring
    6. Repeat
    you sick bastard, isn't step six Rinse?


    Corn, ever heard of weighted averages? Or should punters make as much as Quarterback's?
    "The trouble with socialism is that you eventually run out of other people's money" --Margaret Thatcher

  14. #14
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    Quote Originally Posted by optics
    But it will also motivate people to work. Flat fees generally result in no motivation to do well. Being evaluated by those who worked around you but not in direct competition seems to make sense.

    I suppose give that they lose if they perform poorly, this might not apply.
    You work in HR or something? Peer ranking motivates peer politicing, not working. If it's a true team, Equal, or Poobah *1.5 and equal.

  15. #15
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    It's going to be "flat plus bonus."

    Bonus to be determined by colleague ranking, but they're not going to know that until after the cards are down.

    So, thanks, all.
    It's idomatic, beatch.

  16. #16
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    Don't forget to send me my bonus. I'll PM you the address. Thanks! I'll spend it wisely.
    “Within this furnace of fear, my passion for life burns fiercely. I have consumed all evil. I have overcome my doubt. I am the fire.”

  17. #17
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    It's just money.

    In fact, it's free money.

    If you're a team, I think you should share equally in the spoils. Trying to materialistically determine a person's worth could quickly lead to greed and envy, and take the fun right out of your little contest.

    Good luck.

  18. #18
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    Quote Originally Posted by cj001f
    You work in HR or something? Peer ranking motivates peer politicing, not working. If it's a true team, Equal, or Poobah *1.5 and equal.
    Not in a single-project context.

    Long-term, yes.

    And no, I don't.

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