Is salary related to performance

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Well, Jack Welch, while head of GE, would annually fire the bottom 10% of staff who were apparently the poorest performers. At the same time, GE became increasingly reliant upon the Chinese for their outsourcing needs. Why did they need to outsource so much if the poor performers were regularly purged from the workforce?

This approach needs to be examined, I agree. Sometimes it's "the fox guarding the henhouse" when it comes to compensation. For a good answer, I would probably not ask employees. I would probably hire an outside firm (yes, I would use the FIPNET approach) to determine where to cut expenses. The definition of insanity is doing the same thing over and over, and expecting different results. If you don't bring some fresh opinions, the only choice is to get new opinions through mergers or acquisitions, in the manner which new drug science and technology is sourced through acquisitions. Why not obtain new management through acquisitions? Just a thought. Nothing that has to happen overnight, or even this year, but soon - your retirements depend upon a fiscally sound Eli Lilly.
 






Fiscally Sound Lilly = Oxymoronic concept of the century. Tying your future (career, retirement, etc.) to this place is like going on a 3-hr tour on the Titanic. It's not a question of if you sink, but the velocity of the plunge.
 






Salary is directly related to your performance. That's why I make $25 million a year and you don't. It should be obvious to all that I am underpaid, but I come to work everyday because I care about my overpaid employees. $$JL$$
 






Not for the evil white guy. We can't even gather sales numbers without "normalizing" them. We "project" Rx's and then we promote people with good numbers and those that spend the most money in their territory. Booked 12 programs? Great Job. 6 of them no shows? its ok, as long as you spend. Then, we promote you to manager were your backwards thinking can be spread to the 7 or 8 people you manage, because having 16 people would just be too much. ahhhhhhhhhhhhhhhhh
 
























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