Pandemic-hit Qantas weighs new pay structure to keep key executives
Join Date: Apr 1998
Location: Mesopotamos
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I worked on a $1b project, the only people we attracted were the shysters. Now, what if money wasn't the primary motivating factor for this echelon, we'd probably find executives that can draw better plans than just stick figures holding big bags of money.
That worked so well for ENRON, HIH insurance, OneTel and more recently Boeing and GE.
https://www.linkedin.com/pulse/who-t...e-pogson-faicd
The gross misconduct at CEO and Board level of these companies should have resulted in people going to jail, but very few did or will as long as everyone is making money until the end
Just my 2c.
Observation 1
achievers are often quiet, bluffers are the opposite.
Observation 2
corporate Australia will hire the noisiest candidate, especially if they make unrealistic promises to triple the size of the business in 6 weeks, or whatever.
Observation 3
Once hired, they’ll maximise the damage to an organisation to prove they are ‘having an impact’ and will move onto their next job just before they are found out or asked to deliver on their promise.
Observation 4
Australian recruitment is rooted.
Observation 1
achievers are often quiet, bluffers are the opposite.
Observation 2
corporate Australia will hire the noisiest candidate, especially if they make unrealistic promises to triple the size of the business in 6 weeks, or whatever.
Observation 3
Once hired, they’ll maximise the damage to an organisation to prove they are ‘having an impact’ and will move onto their next job just before they are found out or asked to deliver on their promise.
Observation 4
Australian recruitment is rooted.
Join Date: Oct 2013
Location: New Zealand
Age: 71
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The evidence suggests that by paying our executives across many different companies, and politicians, tens to hundreds of times the average salary, we haven't attracted the smartest minds, we've just got those who will do and say anything for a few dollars more at the expense of their co-workers and to keep the gravy train rolling on while the smartest minds are motivated by other things. While we are asking questions, why is it that we have to pay highly paid executives even more to do a "good" job, but minimum wage workers have to get paid less or have their conditions reduced to motivate them to do a better job? Does improving wages only work for the already wealthy?
Last edited by De_flieger; 3rd Oct 2021 at 15:45.
The evidence suggests that by paying our executives tens to hundreds of times the average salary, we haven't attracted the smartest minds, we've just got those who will do and say anything for a few dollars more at the expense of their co-workers and to keep the gravy train rolling on while the smartest minds are motivated by other things. While we are asking questions, why is it that we have to pay highly paid executives even more to do a "good" job, but minimum wage workers have to get paid less or have their conditions reduced to motivate them to do a better job? Does improving wages only work for the already wealthy?
Just my 2c.
Observation 1
achievers are often quiet, bluffers are the opposite.
Observation 2
corporate Australia will hire the noisiest candidate, especially if they make unrealistic promises to triple the size of the business in 6 weeks, or whatever.
Observation 3
Once hired, they’ll maximise the damage to an organisation to prove they are ‘having an impact’ and will move onto their next job just before they are found out or asked to deliver on their promise.
Observation 4
Australian recruitment is rooted.
Observation 1
achievers are often quiet, bluffers are the opposite.
Observation 2
corporate Australia will hire the noisiest candidate, especially if they make unrealistic promises to triple the size of the business in 6 weeks, or whatever.
Observation 3
Once hired, they’ll maximise the damage to an organisation to prove they are ‘having an impact’ and will move onto their next job just before they are found out or asked to deliver on their promise.
Observation 4
Australian recruitment is rooted.
It's the nature of the world now....... like the use of the word 'hero'.... people running around branding people heroes, who just do their job - it's even crept down to the shop floor now with people being given a 'prize' at the end of each month when their achievement was just to turn up and do what they're paid to do....... years ago in the industry, you got a reward for making a good suggestion or for going above and beyond. Not so now, the current corporate culture in most businesses now is that you only need to come in on time and switch the kettle on and you're a 'hero'....
Needless to say, it’s taught in MBA school, so therefore it must be the only way to attract talent.
I was chatting to one of the soccer dads, and he was really upset about missing out on his bonus because of Covid and then not being able to renovate or something. I mentioned I hadn’t worked for 10 months, but i thanked him for my Jobkeeper.
It's a course offered by most Universities where students are put through an intensive program which teaches them that calling or contacting is 'reaching out', that investigating something is 'deep diving', that looking into detail is 'opening the kimono', that there is no such thing as industries or segments/sectors anymore, they must only be referred to as 'space(s)' (which begs the question, why doesn't NASA refer to its work in the 'space space' if this vacuous use of words is valid) and that any number of persons including and upwards of ONE must universally be referred to as "a cohort".
From what I've seen, after 30-40 years in various aviation businesses and other related fields, that's about all an MBA provides someone, the finely honed ability to speak without saying anything at all and to master the art of bull-hit.
