The spirit of this is in the right direction but the details are in the implementation. I’ve seen this sort of thing backfire big time as it basically encourages cliques of people that “like” each other and then shun others.

If not done properly the whole company starts to feel like high school politics all over again as it loses track of what it’s actually accomplishing or not accomplishing and focuses too much on poorly implemented soft metrics. I’ve seen excellent managers that drive high performing teams get dinged by under-performers on those teams who say said manager is hard to work with. Sure they’d be much happier with a manager that let them slack off but that’s not going to help the company.