Originally Posted by
Icarus2001
Benchmarking.
Benchmark staff salaries to Bangladesh and India. Our costs are too high.
Benchmark executive salaries to New York and London. We have to attract the best and brightest.
I can't remember where I saw it but some months ago I watched a quite well structured and well thought out presentation with evidence provided that tackled this concept of "paying to attract the best talent" and completely blew it out of the water. The guy that presented it, sorry, as I stated, I just can't remember where I saw it, said it is utter nonsense and in fact, paying higher and higher salaries does the exact opposite, it attracts the lower end of the talent pool because it appeals to people who's motivation is money and not achievement.