Hm, as a person I learn by reflecting on my past actions and analyzing their results. I was actually building a team more than 2 years ago. I selected some good people, who are better than most of the people present in the organization. As I was also new to the organization I hadn't realized that. We agreed on certain salary for these people, based on the "bands" the people were being hired into and also on their past salaries.
One year down the line we realized that for most of the team mates, the salaries should be higher, but with the recession we were not allowed to make any change to the salary.
So what is the learning from this episode:
When hiring
1. Always assess the person's capability
2. Benchmark the the person's capability against the capabilities of existing set of people.
3. Then fix the salary using this benchmark rather than using the past salary and the band in to which the person has to be hired as the benchmark.
This would ensure that person gets a fair pay, gets in to appropriate band and even if person compares his/her salary the reason for discontent would be very less.
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