“If you pay in peanuts, you get monkeys.” – Anonymous
In a high performing culture, which comes first – money or performance?
Doling out a salary of peanuts to your employees may very well turn them into monkeys. At the same time, you don’t want to overpay them either. Before you get caught up in a chicken-egg paradox, you must realize that money alone will not increase employees’ value proposition to the company.
After speaking with many retired CEOs, they have all commented that it is