CEO Salaries - Balancing Talent and Fairness

?? Exciting Update! ?? You know HIRING HOUR is the show that discusses HIRING and all things Talent. Here is a recap of our insightful discussion on CEO Salaries - Balancing Talent Attraction and Fairness. ????

On June 21st, I had an engaging conversation about the skyrocketing CEO compensation with Professor Gurunathan L from XLRI, an expert on executive compensation who shared invaluable insights. ?????

Here's a quick update on what we discovered:CEO salaries are a direct result of the laws of supply and demand. They soar to great heights because the supply of exceptional talent is limited. Now, you might wonder, why is that the case?Typically, we find exorbitant salaries in the Tech, Finance, and Fintech sectors. These industries are characterized by a high level of uncertainty and risk. Where there is elevated risk, there is usually higher compensation.During our discussion, we also explored the relationship between market movements and CEO salaries. Our guest explained how short-term and long-term incentives, often tied to equity, play a significant role in determining CEO compensation.Moreover, we touched upon the concerning disparity between the wealthy and the less fortunate, highlighting CEO salaries as a topic of discussion in relation to inequality. While acknowledging this issue, our speaker suggested that our focus should be on ensuring that the lower end of the spectrum does not suffer excessively.We even delved into the idea of implementing a wage ratio limit between the highest and lowest employees' salaries. Our guest expressed the belief that certain aspects should be entrusted to the market, while advocating for educating shareholders instead of direct intervention.Transparency in CEO salaries emerged as a key theme throughout our conversation. Organizations are increasingly recognizing the importance of being viewed favorably by investors and the public. They understand the growing need to embrace transparency when it comes to CEO compensation.Stay tuned for more thought-provoking discussions on HIRING and Talent on HIRING HOUR Updates. Remember to keep an eye out for our upcoming episodes! ?????#linkedin?#hiring?#ceo?#tech?#finance?,#HIRINGHOUR?#TalentUpdates?#CEOSalaries?#TransparencyMatters