Archive for September 20th, 2010

Rail Against the Chief

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Expert Perspective from Grahall’s OmniMedia Editorial Board

Executive compensation and what is seen as near gluttonous bonus payments during a time when the average American is more likely hurting than not has been a recurring theme in the media.  The Institute for Policy Research has completed its 2009 study of CEO pay titled CEO Pay and the Great Recession that compares for those companies that are the top “layoffs leaders” for the 17 month period, November 1, 2008 to April 1 2010, with the total compensation paid to each CEO for the year 2009.

There are a couple things that aren’t well articulated in either the report or the article covering it by Roland Jones for msnbc.com (CEOs lay off thousands, rake in millions) by Roland Jones.
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Filed under: Expert Perspective - Rewards



It’s Not Easy to Make Executive Compensation Truly Effective

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Expert Perspective by Grahall’s OmniMedia Editorial Board

In his article for Business Week How to Handle CEO Pay Before Dodd-Frank Hits Bill George subtitles his article “Financial reform will bring unintended effects.” And then goes on to outline “six policies that should be rigorously followed, including in bad times when boards are more prone to bend the rules for those in their top ranks.” On the surface, George’s ideas seems reasonable but lets dive down a bit deeper into them and see what the unintended consequences might be of these directives.
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Filed under: Expert Perspective - Rewards



Seven Careers? We Agree: That’s just nonsense

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Expert Perspective by Grahall’s OmniMedia Editorial Board

In his September 4, 2010 article for Wall Street Journal (Seven Careers in a Lifetime? Think Twice, Researchers Say Carl Bialik sensibly questions: “Do Americans really go through careers like they do cars or refrigerators?”

Likely high school and college students asking the question “Fries with that?” do not consider that job, however well paying, to be a career,  And when these same individuals complete their education and go on to be an investment banker they wouldn’t think of the move from “burger flipper” to investment banker as a “career change” .  A job change, yes, a career change, NO.

Likewise the executive compensation consultant who has toiled for some years at Firm A and is recruited to Firm B to do similar work in a new environment (probably with more pay) would also not likely see that as a career change.  A job change, yes, a career change, NO.

So, is the question of career change even really relevant?  We think the confusion over the term “career change” vs. “job change” vs. “whatever ever else people are doing” may be nothing more than an issue of semantics. But the fact that Americans move around with some frequency is relevant to both employees and employers.   
 
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Filed under: Expert Perspective - Organization Development