andrewducker (
andrewducker) wrote2010-02-27 11:01 am
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Why had I never heard of this?
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I'd link directly to the FT article, but I've had my total allocation of articles for the month.
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I suspect bonuses don't so much predict or encourage high performance as they do boom and bust high risk schemes that "mimic" high performance but can have huge consequences.
Will see what the book says.
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Amen!!!!
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Although how many people would still think she was a weirdo if they knew she was poly? Plus ça change...
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What do organisations do with this knowledge, however? Taking a basic sales role in financial services, the base is likely to be relatively low. If an orgnisation removes the incentives (which may be substantial), do they then increase the base pay & by how much? How much will someone (who is probably fairly risk-seeking) be willing to sacrifice potential reward for certainty?
I'd be interested to understand what the media & the public would think about large increases to base salaries. I suspect the longer term incentives & clawback systems might be more acceptable all round.
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Bleah.
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