Sunday, April 7, 2013

Performance Pay Arrives for Journalism

Digiday reporting:
The economics of the digital world have created a cultural shift where some publishers are figuring out ways to compensate editorial staff based on business metrics like pageviews, visitors or even sales.
This is tricky territory, since editorial staffers have tended to see themselves as walled off from the grubby concerns of making money. But the reality of media today is the pressure to make money.  Old and new media publications, from Forbes to Complex and Gawker, deploy some type of incentive-based compensation for their editorial staff based on metrics. The upside is a business that’s all going in the same direction; the downside is a further eroding of the wall between editorial and advertising.
Gawker was an early booster of this approach, and even today it proudly touts its “big board” that keeps track of pageviews for each writer. Forbes has monthly incentive programs for full-time staffers based on a range of metrics, including how many new followers a reporter gained on Twitter that month. It has an even more ambitious program for its “contributor network,” which it calls an experiment in “entrepreneurial journalism.” And most aggressive of all is Complex, which has gone whole-hog with incentives, such as the one in which editors get paid based on certain business goals, like the profitability of their division, among other business metrics...

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