May 27, 2006

Why Your Boss Is Overpaid - Forbes.com

Why Your Boss Is Overpaid - Forbes.com:
Workers are frequently ranked relative to each other and promoted not for being good at their jobs but for being better than their rivals. It is a natural response to the difficulty of true performance pay.

Now, this is one interesting statement, and so very true. This also makes any sort of “objective performance appraisals” a nonsense: if you compare a person to only a limited subset of employees, your “exceeds expectation” mark may well be another man's “meets expectations.” So much for being a good manager at evaluating performance!

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