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“Chasing talent doesn’t work and just costs the companies doing the chasing a lot of wasted money.”

–Professor Jeffrey Pfeffer in his column at Financial institutions that argue they must pay huge performance bonuses to keep talented employees may be demonstrating that they don’t understand this principal, he adds.

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Also on Stanford Knowledgebase:

  1. Paying Star Employees Well is a Good Strategy for Innovation
  2. Carlos Brito: Corporate Success Depends on Individual Employees
  3. Seven Myths of Executive Compensation

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