Learning Reflections

We learned in class that it is important to get the opinions of the employees about incentives and other aspects of incentive pay. I would think that more companies would include the opinion and say of their employees because if they are paying out an incentive that no one really wants or uses than it would be pointless to have. Employees need to be part of the business therefore they need to have a say in things. Through the whole book they talk about communication and making everything transparent so everyone knows what is going on. This must be a big issue in the real world because you would think that would just be a natural thing, but I guess it isn’t.

There have been many examples of bad executives throughout the last couple of years. Are they paid too much? Normally I would say yes. How is it that some are paid $40 million or more a year? I just don’t understand how that works. That is a ridiculous amount of money to pay someone for just one year. They should pay their regular employees more if that is the case and make things more equal for everyone.