When it comes to lay offs of high performance employees during downturns, you simply cannot do it.
On the subject of how to maintain high performance employees Forbes published a phenomenal article a couple years back with some useful advice for executives.
Hence, his growth would fulfill QuikTrip's purpose: "provide an opportunity for employees to grow and succeed". But Cadieux was concerned that fast growth might compromise QuikTrip's operations that depended on high performance employees.
More serious benefits make high-performance employees' lives a little less stressful.
Meanwhile, high-performance employees are encouraged to take as much of the money off the table as possible and leave the shareholder holding the bag if things later turn out badly.
High-performance employees regularly make more than their CEOs or members of senior management and usually far more than professionals responsible for risk management, internal audit or other control functions.
High-performance employees regularly make more than their CEOs or members of senior management--and usually far more than professionals responsible for risk management, internal audit or other control functions.
But right now the fat's in the fire, and that provides an opportunity to consider new compensation models for reconciling the interests of the general public, shareholders, senior managers and high-performance employees in this, perhaps the most "special" of industries.
The objective is always the same to align the financial interests of the management and high-performance employees with those of the shareholders, all within the regulatory constraints that characterize this "special" industry–"special" because it creates systemic risk and because it deals with other people's money.
A second initiative involves best practices in the market for banking "talent". High-performance employees--with finite professional life-spans and personal franchises with clients or trading counterparties, have been able to jump ship, quickly and at low cost to themselves, either to competitors or to other financial players like hedge funds and private equity firms.
