This year has brought a lot of talk about the structure of bonuses, claiming of expenses, and the inherent worth of the ‘high earners’.
There is not much understanding amongst the majority of ordinary employees of what it takes to start a business and take it to local, national, or international success. Those individuals who can do so profitably are real wealth creators. For many the real question is not ‘how much do these people cost?’ but ‘how much more than their cost can these people generate?’ These entrepreneurial or technical specialists are the subject of true competitive international bidding, and can command extremely high fees for their services.
There is a place for high earners, great incentives and even sensible tax planning, as long as this profits the shareholders/stakeholders.
Annabel Kaye is Managing Director of Irenicon Ltd, a specialist employment law consultancy. Tel: 08452 303050 Fax: 08452 303060 Website : www.irenicon.co.uk. You can follow Annabel on twitter – http://twitter.com/AnnabelKaye