18 Jan '12, 4pm

Salaries that are beyond reach, must still be logical

Wot LHL, Harry and the rest of the Ministers are advocating of the “iron rice bowl” syndrom is fundamentally and morally wrong. How can the LHL and Harry even say that unless Ministers are paid large sums of money, they are unable to attract the best in class. I do not recall MBT, WKS, Yakult and many more to be best in class. They are simply “average employees” in the performance distribution curve. And this brings to call a pressing issue. If our Ministers are not to be compared to other countries Ministers, then it is rightly so that our Ministers should not even be compared to the top level executives in many MNCs. Our Ministers are lackadaisal since by virtue of enforceable taxes, and a slew of other income generating machinery, they are already guaranteed to meet their KPIs. But CEOs and other top level executives are not “guaranteed” to generate such income. Therefo...

Full article: http://theonlinecitizen.com/2012/01/salaries-that-are-bey...

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