It’s a reality that every leader must face. Top performers are those exceptional employees that get the work done. They’re self-starters. They’re loyal. They’re mentors and role models for their teammates. They have stood by you in both the good times and bad. Simply put, trust and appreciation flow both ways. But time, business evolution, the economy, and shifts in personal behaviors and priorities, bring leaders face to face with the toughest of business dilemmas: what to do when top performers begin to drop?
A dilemma is a situation where the possible solutions are undesirable, difficult and challenging. Long-time top performers were a joy during their quest to reach the top. They established new performance benchmarks for others to strive for. They brought consistency and predictability to the company. In the process, top performers become top income earners. The dilemma for leaders is what to do when the performance of top performers drops and/or the company can no longer afford or sustain their high incomes. Like it or not, you need to find a solution. In these economic times, avoiding or procrastinating can and will jeopardize the financial integrity of the entire company. [Read more...]