Comments on: Pay Top Performers Better or Lose Them

By: Princess Fiona

Princess Fiona — Tue, 14 Nov 2006 11:18:22 +0000

Hallelujuah! Chris Abraham strikes again.

I can’t say it enough…if a company continues to receive accolades regarding its status as a top performer and fastest-growing company – who’s to thank for that? Not only is it management, but it’s the talent underneath them that make management look good.

With increasing demand for top performers, managing and retaining top talent remains a critical issue for business leaders. If you lose up to 15% of your staff in a matter of months, rethinking your compensation strategy is a no-brainer.

By: Chris Abraham

Chris Abraham — Tue, 14 Nov 2006 10:27:21 +0000

Thanks, Marty, for starting the ball rolling. You are very right about this. What you get paid indicates your career arc. What is the first thing that a recruiter, headhunter, or HR asks when you meet for a new job? What was your last salary? Also, once someone is in a job, the only way to make any sort of jump that isn’t incremental is to jump ship and find another job. HR and C-Suite tends to say, “this is the way it is done,” but I know lots of CEOs and HR Directors, and when they’re hungry enough, they can make things happen. Even the company that tows the line on, “this is what the position pays” and “we don’t have it in the budget” has made that exception for someone else.

Johnny Mneumonic, I could tell you where you can find “these twenty-something studs” but if I do, I am sure my name will be mud.

Consider guessing. If you can’t guess, then you’re neither smart enough nor good enough to actually employ these wunderkind.

By: Ari Gold

Ari Gold — Tue, 14 Nov 2006 10:09:34 +0000

I have to agree. Chris, as an avid read, this particular post is of special note. A significant amount of employees who do their research and realize they are not being fairly compensated will take that as a sign of failure or even that they are not wanted.

It is best to correct these misbeliefs before the exodus of more employees begins. The comment above is very accurate, especially with regards to how these salaries are setting the benchmarks for their careers moving forward.

Now let’s hug it out.

By: Johnny Mneumonic

Johnny Mneumonic — Tue, 14 Nov 2006 10:07:22 +0000

Wow, where can I get some of these twenty-something studs for my company?

By: Marty

Marty — Tue, 14 Nov 2006 09:39:49 +0000

This piece hits the nail on the head!

Salary is very important, especially to 20 and 30 somethings who are trying to build the foundations for their career.

Let’s face it, how much you make is (for the most part) an indicator of how desired in the marketplace.