1. How Much to Pay Remarkable Employees

    When you've found someone who's truly outstanding, the normal pay rules shouldn't apply. Forget pay scales; forget industry benchmarks; forget, "I can't afford to pay any employee that much." When an employee is remarkable--and here's how to know if an employee is not just great but remarkable--forget all that. Why? Here's a cool story from David Halberstam's The Breaks of the Game. In 1974, Lynn Swann was drafted by the Pittsburgh Steelers. Swann was selected seventh, but his agent, Howard Slusher, managed to negotiate the second-highest starting salary among rookies that year. (In short, Slusher got Swann No. 2 money even though he was the seventh pick, a fairly rare feat that was great for Swann and great for Slusher's image as a capable negotiator who could deliver for his clients.) At the press conference to announce the signing, Slusher was pulled ...
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