The document discusses the importance of retaining top talent through competitive salaries and benefits. It notes that Dan Price, CEO of Gravity Payments, raised the minimum salary at his company to $70,000 while lowering his own salary to that amount, compared to the US federal minimum wage of $7.25 an hour or about $15,000 annually. Additionally, the document advocates for businesses to take control of their own destiny through changes like business process reengineering, treating employees equally and with dignity, and developing the skills of subordinate managers.

1. • Salary & Benefits
• Autonomy
• Mastery
• Superior
• Co-worker
97% of CEO’s stated retention of top talent is a key
to sustaining business advantage for the long term.

2.  Dan Price, CEO of Gravity Payments, raising the
minimum salary at his 120-person company to $70,000
a year
 He’s cutting his own nearly $1 million annual pay
to $70,000, as well.
 For contrast, federal minimum wage in the US is $7.25
an hour, which comes out to about $15,000 a year for
someone working a typical 40-hour week.
Set competitive salaries instead of offering the
already lowest salary

3. Many enterprises are anticipating, and
indeed pre-empting change, by taking
greater control over their own destiny
through i.e. business process re-engineering.
“You have to be willing to change when it
makes sense,” Jeffrey R. Immelt, the chairman
and CEO of General Electric, says.
In general, corporations are bureaucracies
and leaders are bureaucrats.

4. A successful employees create their own
path to promotion; they don’t rely on luck
• Focus your efforts on getting the biggest
bang for your buck, positioning yourself
to jump when the real disruptor
becomes possible and cost-effective.

5.  The business strategy must include responsibilities for
line managers to develop the skills of their immediate
subordinates.

6.  Treat employees equally and without prejudice or bias
 No form of harassment or bullying will be tolerated
within the company, i.e. race, creed, color, nationality,
ethnic origin, age, language, religion or similar belief,
political or other opinion, affiliation, gender, gender
reassignment, sexual orientation, marital status,
disability, national or social origin, birth or other
status, or membership or non membership of a union