The Divine Right of Kings
The reward systems that most of us live under are a reflection of our enduring class system and our love affair with leadership. The challenge is to create pay practices that support the heart of stewardship, which is accountability and commitment to the well-being of the whole.
Here is an executive summary of five reasons why our pay practices are incongruent with creating a service- and market-driven institution. If you are one of the beneficiaries of our current pay practices, don’t get defensive. We have all created this system together, and we are all trying our best to take advantage of it. Just because we are not winners does not mean we don’t believe in it.
Reason #1The Class System
Our compensation practices ...
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