IBM Scraps Rewards Program For Staff Inventions, Wipes Away Cash Points
Thomas Claburn reports via The Register: IBM has canceled a program that rewarded inventors at Big Blue for patents or publications, leaving some angry that they are missing out on potential bonuses. By cancelling the scheme, a source told The Register, IBM has eliminated a financial liability by voiding the accrued, unredeemed credits issued to program participants which could have been converted into potential cash awards. For years, IBM has sponsored an "Invention Achievement Award Plan" to incentivize employee innovation. In exchange for filing patents, or for publishing articles that served as defense against rival patents, IBM staff were awarded points that led to recognition and potentially cash bonuses. According to documentation seen by The Register, "Invention points are awarded to all inventors listed on a successful disclosure submission." One point was awarded for publishing. Three points were awarded for filing a patent or four if the filing was deemed high value. For accruing 12 points, program participants would get a payout. "Inventors reach an invention plateau for every 12 points they achieve -- which must include at least one file decision," the rules state. And for each plateau achieved, IBM would pay its inventors $1,200 in recognition of their efforts. No longer, it seems. IBM canceled the program at the end of 2023 and replaced it with a new one that uses a different, incompatible point system called BluePoints. "The previous Invention Achievement Award Plan will be sunset at midnight (eastern time) on December 31st, 2023," company FAQs explain. "Since Plateau awards are one of the items being sunset, plateau levels must be obtained on or before December 31, 2023 to be eligible for the award. Any existing plateau points that have not been applied will not be converted to BluePoints." We're told that IBM's invention review process could take months, meaning that employees just didn't have time between the announcement and the program sunset to pursue the next plateau and cash out. Those involved in the program evidently were none too pleased by the points grab. "My opinion...the invention award program was buggered a long time [ago]," said a former IBM employee. "It rewarded words on a page instead of true innovation. [Former CEO] Ginni [Rometty] made it worse by advocating the program to fluff up young egos."
Read more of this story at Slashdot.