There’s always this issue of
having to pay very high salaries to attract the best top bosses in a highly
competitive market. These do call ‘top
dogs’ will likely go elsewhere and take their talent where they can be ‘fat
cats’.
There is yet evidence showing
that highly paid bosses (fat cats) are better bosses (top dogs). There is also no explanation yet as to why
jobs in the public sector that carries very high responsibilities do not need
to carry high rewards while those in the private sector do. It is only private top dogs who need to also
be fat cats. There is also no such
evidence that management is worse in the public than in the private sector.
People work in private sector
because they value the rather high job security, they want to do a socially
useful job, or because of various other reasons of their own. Money is not always a bad motivation. There is no reason why poorer rewards should
lead to performance that is any less good than that achieved by the fattest of
cats.
Shared from:
Maurice B. Line (2003),
“Management Musings 12: Top dogs need not be fat cats”, Library Management,
Vol. 24 Iss: 4 pp. 252-253
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