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That's not very realistic and they almost certainly don't have the money for it. Moreover, increasing salary nets diminishing returns for motivating people afte
by bluedanieru 15y ago
That's not very realistic and they almost certainly don't have the money for it. Moreover, increasing salary nets diminishing returns for motivating people after a certain point, and if it sucks to work for you, then no matter how much you pay, people are going to get bored and frustrated and leave.
- kls 15y agoI would be hard pressed to believe that they do not have the money for it, while I was at Marriott I doubled our budget for salary and did not change head count. I raised salaries above market rate and used some of it for merit based bonuses. It was very effective in recruiting and retaining talent. It was not the only thing that I did, but money cannot be discounted as a motivating factor. I will cede to your point that it the place flat out sucks even an astronomical amount of money may not retain your talent. But I am giving them the benefit of the doubt that they are mediocre at worst.