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According to a report from the Center for American Progress, replacing a lost employee can cost an organization from 16% to 213% of the lost employee’s salary, depending on their job and skills.
One of the most pressing question regarding top management is “how much a CEO earns per year?” This may vary from thousands to millions of dollars ranges, depending on the industry and the resources a company allocates.
In many organizations, making sure they justify their CEO’s payment is a priority which can be seen in the annual report. For example, in Rio Tinto’s annual report, they devote almost the same amount of space to explaining the remuneration schemes for top management as they do accounting for performance.
Motivation leads to better performance and improves the efficiency level regardless of the activity that is carried out. Through motivation, people usually manage to take action in order to achieve their goals at professional or individual level.
There has been a long discussion about what does an organization, product or effort need to keep in focus: quantity versus quality. This all-baffling duality brings animosities, because it reflects different reasons, or rather, different facets of the same reason: how to get the maximum output in exchange for a certain input.
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