The personal blog of Marc Cenedella
CEO & Founder of TheLadders
- So… tell me about yourself.
- These recruiters are hiring!
- These companies are hiring!
- My single best career tip
- Would you like a new boss?
- Sharing career stories on how they got started with the Boot Camp. http://t.co/TNn1PNUt
- Speaking at our friends, Streetwise Partners, Saturday morning boot camp. "Your career is our job". http://t.co/gQW3qnwI
- Just spoke w/author of book I'm included in: "The Intelligent Entrepreneur" http://t.co/rxytQxKh Looks like I've given him a new chapter! :)
- RT @heif: i love how someone can start a "Jewelry meets Tech [??] Meetup" & the right people actually find it http://t.co/VsgqlPAl #Dens ...
- RT @anildash: Startup Tip: List everyone who's ever said "That's a bad idea." on your About page, under "Advisors".
- RT @TheLadders: How can I juggle an offer while waiting to interview with my dream company? Salary Negotiation http://t.co/NWkVaCnt #salaryQ
- RT @wfbor: Anatomy of a (Bungled) Smear Job #kirstengillibrand #marcenedella - http://t.co/oqWKipy5 via @Shareaholic
- Blog smear debunked: “Opponent Gillibrand-a co-sponsor of PIPA- maybe still doesn’t know much about the Internet.” http://t.co/QZWTYdJ6
- "Getting smeared by a U.S. senator has made me a lot more optimistic about my chances." http://t.co/I8WAtsGv
- RT @TheLadders: A perfectly tailored elevator pitch can be your key to #jobsearch confidence. http://t.co/SiNGGn1F
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“Pay what you want” model doesn’t work out for government
October 23, 2009 | (No Comments)
“Pay-what-you-want” is a concept with lots of appeal — altruistic-seeming, purely-motivated fashionably cooperative, and touted by Radiohead, restaurants and role-playing games.
Alas, it’s first broad test in employment compensation is a failure. As the Washington Post reports, most subjects of the experiment fled the lab before the Paymaster could ex post facto acquire their skills at the bargain basement prices he believes the public would like to pay:
At Bank of America, for instance, only 14 of the 25 highly paid executives remained by the time Feinberg announced his decision… At American International Group, only 13 people of the top 25 were still on hand for Feinberg’s decision.
A compensation policy with a 46% attrition rate (much higher on an annualized basis — 120%) would get a private sector CHRO fired. Somehow I feel that won’t be Feinberg’s disposition.
