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If Motivating You Is Wrong, I Don’t Want To Be Right

If Motivating You Is Wrong, I Don’t Want To Be Right

by Frank Roche on August 23, 2007

in Change, Motivation, Pay

I saw this quote today by Sir Ken Robinson on Diego Rodriguez’s Metacool:

If you’re not prepared to be wrong, you will never come up with anything original.

That made me think about why companies use pay surveys to set their pay levels. I mean, what would you do if you had none of that information and needed to create a pay plan? Would you even have base salary? Would you make everyone a partner in the business and let them share in the profits — and invest in the business? Would the calendar dictate when pay increases should happen? Would three years be considered “long-term”? Would you run your company differently? Would you have more managers than workers?

Here’s a challenge: You should pay people at the 99th percentile. (As long as we have data, we might as well use it.) Because you pay more than everyone else you will get the best talent. And those highly-paid people will rock your world. Your company will be the place to work, and the most successful company on the planet. It could work. Has anyone proven that it can’t?

Discuss.

{ 7 comments… read them below or add one }


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