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I think the raise in compensation will get more potential donors interested in getting involved.
Research clearly shows that better pay results in less employee turnover, and further shows that replacing an employee very often costs more than a raise in compensation.
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Dewey & LeBoeuf didn't come close to meeting the revenue target on which the twenty-five-per-cent raise in partner compensation was based.
This year, a startup with revenues of $10 million wanted to find a new chief executive following its Series B raise and offered $450,000 in compensation (5% of revenues).
Forty-six percent of employees said they expected a raise or an increase in compensation in line with cost of living expenses in 2016, according to a March survey of 2,000 workers by Glassdoor, which tracks salaries.
Laura Thatcher, the head of the executive compensation practice at Alston & Bird, said that his role raised serious questions about government interference in compensation in the private sector.
"I hope this company is a case study in MBA programs on how socialism does not work, because it's gonna fail," exclaimed Rush Limbaugh in response to CEO Dan Price's decision to cut his pay from close to $1,000,000 to $70,000 per year in order to raise employees' compensation at Gravity Payments, his payment processing company, to a minimum of $70,000 over the next three years.
This raises the question: are the large disparities in compensation truly representative of the value that each individual brings to the team?
He said research indicated $1.15 was handed out in compensation for every GST dollar raised.
Photo: A deal that was announced by Gov. Eliot Spitzer and legislative leaders in Albany yesterday would raise workers' compensation benefits.
Relatedly, Caterpillar raised executive compensation in recognition of strong profits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com