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But I want more!

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Christie Summervill Christie Summervill’s vision and expertise led to the creation of BalancedComp in 2010, a firm that has grown to serve nearly 300 banks and credit unions across the US … Web: balancedcomp.com Details A long time ago in the land of Financial Bliss where money is never a problem, there was a new CEO who felt undervalued because his base pay was not at the midpoint of the salary range. This was his first CEO position and he had done a truly stellar job of getting the “problematic” credit union back in the black in only two years. Accolades went out from the board, management team, and employees. Still, the young CEO was greatly disappointed in his $48,000 salary increase, which put him at 92% of the midpoint. After all, he’d put two years into the job and achieved his goals.The analysts were ordered to make sure the market rate was truly accurate. The board vehemently assured the CEO that he was exceeding expectations and they had nothing but great respect for their new trailblazer. “What should we do? “cried the Chairman. Some of the board said “Give him what he wants. He might leave us for a better opportunity.” Other board members said, “If we cave, we are setting a precedent and he will never be satisfied.”So, they called in the Great Fairy Consultant who asked what their compensation philosophy was. “It’s to be competitive to the market!”, they said in unison. After looking into all the credible surveys of the land, she confirmed their established salary range was indeed accurate and a 92% compa ratio after only two years of experience is aggressive, but in alignment with excellent performance.” “But he is still not happy!” exclaimed the incoming Chairman.  “It feels good to make people happy, reflected the Great Fairy Consultant, “but people whose happiness is based on always getting what they want are difficult to keep happy, even if you achieve it in the short run. Situational ethics can get you in trouble. What if the next CEO is a member of a protected class and you pay them differently for reasons that have nothing to do with their gender or class status? Discrimination could be alleged. Follow the yellow brick road to your guidelines and you will find your answer.” “Make him like us and be happy with our salary increase and bonus”, they angrily demanded. “Ok, lets have him take a bite of this beautiful red apple” replied the Great Fairy Consultant. “Will that really work?”, asked the board. “Of course not, you Sillies.” laughed the Great Fairy Consultant. “Own your compensation philosophy or change it.”After reviewing his total cash compensation, it was noted that his short-term annual bonus was less than what an average performing CEO would be compensated and his performance scorecard required a nearly perfect performance level to get an average salary increase. They recreated his scorecard, increased his short-term bonus to be more in alignment with the market and moved the midpoint to the 60th percentile to be more competitive; still paying his base pay at 92%. “Often times it is the ambiguity of how the salary increase and bonus are determined that is the real problem,” explained the Great Fairy Consultant. The new CEO found the new plan “ moderately acceptable for the time being” and they all lived happily ever after, until the next year. The Endlast_img read more


Alexandre Lacazette sends message to Arsenal fans over record signing Nicolas Pepe

first_imgAdvertisement Comment Nicolas Pepe completed a club-record £72m move to Arsenal last summer (Picture: Getty)Alexandre Lacazette has told Arsenal fans there is more to come from Nicolas Pepe but says they still need to be patient with the club-record signing.Ivory Coast international Pepe endured a largely underwhelming start to his Arsenal career following a £72million summer move from Lille, scoring just four goals in his first 27 appearances.But the 24-year-old produced his best performance to date as Arsenal thrashed Newcastle United 4-0 on Sunday, scoring once and making two assists.Lacazette, who scored the final goal in the emphatic victory, believes his Gunners team-mate is starting to show why he warranted such a big fee and has urged Arsenal fans to continue supporting him.AdvertisementAdvertisementADVERTISEMENT‘I used to say we need to be patient with him,’ Lacazette said. ‘He is still young, he came from another league and it is always different.‘The Premier League is the hardest league in the world I think, so you have to be nice with new players like him.‘He is someone who needs confidence and when you give him confidence he is better. He just needs time to understand how the league is and now we can see a really good Nicolas Pepe.’ Advertisement Alexandre Lacazette sends message to Arsenal fans over record signing Nicolas Pepe Arsenal 4-0 Newcastle: Mikel Arteta press conferenceTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 7:05FullscreenArsenal 4-0 Newcastle: Mikel Arteta press conferencehttps://metro.co.uk/video/arsenal-4-0-newcastle-mikel-arteta-press-conference-2112002/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Lacazette ended a run of nine games without a goal after notching up Arsenal’s fourth against Newcastle at the Emirates.Following the match, he tweeted: ‘Missed that scoring feeling. Thank you to everyone for your support and celebrations, feels so good to be [be] back.’Mikel Arteta, meanwhile, said he was ‘so pleased’ for Lacazette in his post-match interview.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘After the break we started saying we had to start closing the gap on the top teams and turn draws into wins,’ he said. ‘Today was the first opportunity and we’ve done it. All good.‘I’m so pleased for Laca – the reaction of the players and staff towards him. He fights hard for everyone.‘He’s been unlucky. He will gain confidence from this and knows how everyone appreciates him.’MORE: Martin Keown rates Arsenal’s top-four chances after Newcastle United thrashingMORE: Matteo Guendouzi axed from Arsenal squad over heated row with Mikel Arteta Metro Sport ReporterMonday 17 Feb 2020 2:38 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link7.9kShareslast_img read more