My statement that paying people excessively can make them less hungry is something that has been observed through experience. I'm not saying that this is always the case, just that it happens and is something to be aware of.
Sure, salary is a matter of supply and demand- which is why I'm advocating for more transparency so that all market participants can make decisions with more complete information of the market. But I'm saying that supply and demand SHOULD be dictated by value added.
I'm not necessarily saying that every company should pay within this range. Just that this is something to be aware of, and if there is significant deviation from these numbers, more thought should be put into the decision making process.
I agree with your central point, by the way. Salary transparency is a great thing. But some things are cliche, and I think the 'hungry' thing is one of them. "We shouldn't pay too much so people stay hungry" is something you'll, e.g., never hear Wall Street folks say about their own companies.
Do you advocate reducing your own income? If it is better for others to be hungry then surely it is also better for you to be hungry. And yet I doubt that you argue with your boss to be paid less.
I am not sure why your employees would be less 'hungry' if you're paying them more unless they feel like they don't have ownership in the product. Or maybe they just didn't jive well with the team.
Either way they are staffing problems - hire the right people and pay them what they are worth.
My statement that paying people excessively can make them less hungry is something that has been observed through experience. I'm not saying that this is always the case, just that it happens and is something to be aware of.
Sure, salary is a matter of supply and demand- which is why I'm advocating for more transparency so that all market participants can make decisions with more complete information of the market. But I'm saying that supply and demand SHOULD be dictated by value added.
I'm not necessarily saying that every company should pay within this range. Just that this is something to be aware of, and if there is significant deviation from these numbers, more thought should be put into the decision making process.