An individual non-unionised company may be willing to pay more to its employees if only to discourage them from forming union, but will buckle under the combine pressure from the other non-unionised organizations.
In fact India is the only democratic country in the world which has attempted wage regulation on so large a scale through state-sponsored agencies.
With regard to managerial remuneration, there is Companies Act 1956, which puts a cap on salary and perquisites of managers. Section 198 and 309 of the Act contain provisions relating to managerial remuneration.
Potential -----is useless if it is never realized. Yet organizations do pay some individuals based on their potential. Young managers are paid more because of their potential to perform even if they are short of experience.
Sheer luck-----some people have luck to be at the right place at the right time.