point of managers being disempowered is also often true, as they are given a pool of money with lots of stipulations of how they can divide it between their staff.
Recently a CFO I was working with, operated on the basis that everyone was making a contribution, resulting in substantial dilution of reward for top performers. We had to align the various pay systems (fixed and variable pay) to develop a better way of rewarding and retaining talent.
Lastly, the cost of an increase, even a substantial increase, from a purely commercial perspective, invariable is less than the cost of the recruitment/replacement fee.…
eresting development to watch!
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