Agreed. The ideal scheme would be anonymous reporting + objective third party prioritization + financial compensation if benefits realized.

The lack of compensation always baffled me. If an employee comes up with a change that saves the company $x, why don't they get bonused <$x for the year? Win/win.

Make it subject to approval or somesuch, to prevent gaming and weed out edge cases, but every employee should be incentivized to find a way to do their job better.

You aren't paid based off the value you provide. Companies don't know how to measure that anyways. Your salary is based off of how expensive it would be to replace you.

But in this case the measure is clear.

Sales is another job where value is very clear, hence good sales people are often some of the highest paid people in a company.

Value > Salary >= Replacement Cost

Companies can ignore that for awhile, but eventually it needs to be true.