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More like the CEO/CFO are only expected to have a churn rate similar to competitors. Above: raise comp. Below: slow down. Source: I was involved in comp decisi
by alecco 5y ago
More like the CEO/CFO are only expected to have a churn rate similar to competitors. Above: raise comp. Below: slow down.
Source: I was involved in comp decision meetings in previous jobs. They don't say it explicitly but the expected rates lead the discussion. Blame investors and boards whose goals are never past a year or two. This is the same in startups and in large companies.
- hammock 5y ago>More like the CEO/CFO are only expected to have a churn rate similar to competitors. Above: raise comp. Below: slow down. Honest, curious question- What exactly is it that's wrong about that? Doesn't that exactly reflect the point that "they are still competing with the market to retain their existing employees"?
- alecco 5y agoIt's a path to mediocrity.