I was stunned several years ago when our CEO walked out of an executive session with the board and told me they had chastised him because “there isn’t enough turnover in your top staff. You must be paying them too much.”
Yes, it really happened!
Rather than complimenting the CEO on creating a culture that produced loyal staff, they complained that there was not enough turnover.
I thought about this as I read the Best People chapter of John Spence’s Awesomely Simple ... a book you should be reading if you haven’t already.
Spence noted that “the future of your association is directly tied to the quality of the talent you attract and keep.”
The late Woody Hayes (former Ohio State football coach) said, “You win with people.”
Both are right!