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Telus CEO is paid in shares not cash

BusinessEdward Kiledjian
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Nothing says confidence in oneself and ones company more than a CEO heavily compensated in company shares.  The President and CEO of Telus, Darren Entwistle,  will once again be paid in shares rather than cash (5th year in a row).

In a recent press release it states that Mr Entwistle is agreement to share only compensation because of his confidence in Telus' short, medium and long term performance. It also shows a clear alignment between his personal priorities and those of his Telus shareholders. 

I personally believe this is an incredible move and hope other CEO's will follow his example. If the company does well, you do well. If the company does poorly, you do poorly. This is a model that incentivizes the right behavior.

Telus Press Release (link)

Refresh app is a basic people intelligence tool

BusinessEdward Kiledjian

Business people are constantly meeting new people. The more you know about the people you are meeting the less awkward it will be and the more successful your meeting will likely be. 

Best practice recommends you conduct a Google (LinkedIn, Facebook, etc) search on everyone you will be meeting but what if you don't have the time? This is where a tool like Refresh shines. It will do all of the heavy lifting and give you a personalized person briefing within minutes.  

The tool is in private beta and I haven't received my invitation yet so everything in this article is based on articles, clips and info provided by the company. When I receive my invite, I will provide a more in-depth review.

What does Refresh do?

The app gpes through social media networks, search providers and the general net to provide a quick person briefing. It will give you info about the persons job history, interests, travels, etc.

How do I get Refresh?

As I mentioned, Refresh is in private beta so you should go to their website and sign-up using your Linkedin account. You will be put on a waiting list and eventually you will receive a private invitation.

What should your 2013 raise be?

BusinessEdward Kiledjian

Most employees over-estimate their value to their company and therefore expect too much of a raise. In 2012, the typical raise was between 1.9 – 2%. Highest performers seem to receive around 4%.

What does this mean? It means you should set realistic raise targets so you’re not disappointed when your boss gives you that raise letter. The best thing you can do is to continually touch base with your boss (over the year) to ensure your evaluation of your performance is in-line with your boss’ evaluation. 

Do more than your boss expects

BusinessEdward Kiledjian

Many colleagues I have coached overestimate their worth to the company and almost always think they are underpaid. The key message is that your company pays your salary to do your job. You only deserve a raise if you are performing to a higher level than that expected from your boss.

To add value to your boss (and become raise worthy), make your boss’ life easier:

  • Ensure you deliver on all of your commitments on time and to the exact expected quality
  • Keep your boss updates on the items you are working on for him/her
  • Volunteer to take on additional more challenging responsibilities
  • Be attentive to issues experienced by your boss and come up with creative ways to solve them (even if it isn’t your job)

Make yourself indispensable and a raise will usually follow.