Thats fine, until the talent you have says they have had enough and head to london for a better paid more rewarding banking job. Sure the lower level positions will have go put up/ shut up. Senior managers don’t. You set target and reward when the targets are exceeded, otherwise you end up with a workforce that is not motivated. Or that does the min to not get fired. You need them to be pushed to exceed. Then all parties win. …….how do you think the private sector gets profit and the most of it’d workforce.

I agree. Who gives a toss what some gets paid in California. Just because your talent or skill is “worth it” doesn’t mean you get it. Quarter of a mil as a salary is high enough for anyone to do any job! Don’t mind yer bonus. You get paid for doing your job and doing it well.

I know.. But if you drive the talent out of Ireland by not paying well you make the problem worse with idiots who can’t make strategic decisions. The best talent can finds better paid jobs elsewhere, we need them here, not in Singapore,Berlin, new York. This is the problem with our health service, doctors are leaving because they get better pay abroad and more opportunities, while we end up recruiting from nigeria and pakistan ( no disrespect intended) but why are we exporting our best talent, because there are no good oportunities here.

I don’t agree that propel will leave because of money if they have a job offer in Ireland they will stay here mist people leave because they have no work and no choice but to go. I know lots of people working for a lot less money that they did a few years back and quite happy to do so to stay in Ireland because it their country and where they want to be.

Depends on the talent you are looking for. Company I know has been offering salary of 150k plus for software developer manager. Irish guy applied but wanted 180k because that was what he is making in california. They went with an applicant from india. We are part of global Market for high end jobs… The government wants a smart enconomy, well you need to 1st educate for that economy and then pay them.. At the moment we give free university and they the best and brightest go elsewhere because they get better pay,

If you want talent yuou have to pay for it. It’s what Facebook,google, Microsoft, do. Otherwise the people with talent will just find better paid work elsewhere, they have options.
Sad world we live in. But that’s reality.

Shut up Alan

I am good talent and have motivation and I will work there for considerably less than that average salary !

Bit of a broad statement you’ve made right there! – Considering that the average salary is €100,000, any performance related bonus on top of that would act as little incentive to a person to widen their contribution. Truth is, Sophisticated Performance Management is fairly non-existent in many organisations (I’ve done the research here in Ireland). Industry is also a consideration when talking “talent”. You can’t compare the NTMA to Facebook, Google or Microsoft. Strategic objectives, competitive landscape and source of capital are all very different. Truth is, this ridiculous bonus culture has been sustained in many of these public organisations and is justified using “performance” as a measure when in reality it’s not. A bonus is not a consequence of effort, it’s an expectation of simply being in some organisations. Unfortunately, even with low performance, public bodies will always remain semi viable so real failure will never be something they experience. That’s my Thursday rant over! :D