Corby Meekins - Frank Wilson Replacement?

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LSUBanker

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You like that complex addition and subtraction.

Why not?

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GetmorewithLes

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I'm not in HR but I would be happy as shite with a 50% raise.

No thank you!!! He can stay at Houston.

So you're telling me he wouldn't be happy and motivated with a $100,000 raise? Right....

Put away your employee rule of compensation for a second, and think real world. If someone came to you and offered you a very prestigious job, and to double your pay, you wouldn't take it because some of your new, longer tenured pals would be making more. Especially at a place that has been known to reward their assistants with higher pay rates than anywhere else in the country?

He'd be a fool to take that? If I went to any one of my employees and said I'm doubling your pay with potential for more, but Johnny will still be making a lot more, and doing less.....they would jump in my arms and call me the best boss ever.

You see, for someone already making $750,000, a $100,000 pay raise may not be a big deal. For someone making $125,000, a $100,000 pay raise is life changing.

That's real world employee compensation

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Put away your employee rule of compensation for a second, and think real world.

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I don't think you understand what he is saying, and he is indeed speaking in real world terms. Sure, he would be thrilled at the raise. He would be getting almost double what he was making. He'd be happy as shite....for a short time. Then he'd look around, realize that his coworkers are making a LOT more than he is, and start to wonder why his value isn't what the other's is. Conversations would turn from "thanks for the raise!", to "I really appreciate the raise, but why do I make less than half what the other guy who has been here for only a year longer than me. And that guy started out at twice what I did."

That is the reality of it. And had you ever been the guy in charge of making sure your employees are happy, you would understand that.

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So you propose to replace a person who was making north of $600K with someone making $250K...

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Well, i dont think that Frank started out like that, he proved his worth, thus he got incremental pay raises throughout his career here, its how it works, this new cat would be unproven at LSU so you offer him more than what he is making now, with an obvious upgrade in school status and thus giving him the "opportunity" to prove himself more... You dont want to hire someone that isnt intrinsically motivated anyway, and this type of pay plan accomplishes that. It forces someone to work harder to gain more "treasure" and "status" thus both he and his employer "win"...