Are You Making Too Much Money?
I found the following insightful questions in the article...
- How does our pay compare to the competition in total, not just salary?
- Was our management team outperforming the competition?
- And was this related to their specific performance or just being in the right place at the right time?
- To what extent does our pay vary with performance?
- Do we have enough variability in that pay, or are we building in expense that will hurt us if and when the next retail downturn comes?
- And what principles should guide the value sharing between management and staff and the shareholder?