Leadership requires people. Automation and AI won’t replace the head of HR or the CFO.
In this video, Jamie McGough, Partner at Meridian, explains why executives command such high salaries. In general, there is a low supply of executive talent. Most of the time, people don’t develop the full suite of competencies required until later in their careers. By age fifty, they have been honing skills in a multitude of roles including finance, human resources, IT, and more.
The market for this type of talent is incredibly competitive. For companies that hire the right executives, there are many benefits to be had. Likewise, there is immense cost and risk associated with getting it wrong.
For more information and insights into executive compensation programs, visit Meridian Compensation Partners at https://meridiancp.com.