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At my wife's firm, there's an unspoken protocol: short of wrongdoing, even if you're not good at your job you get two bad annual performance reviews, then you're given six months after that to find another job. That was true even when the shit hit the fan during the recession. The firm, unsurprisingly, has very loyal employees.

That said, writing the biggest checks to get the people chasing the biggest bonuses is also a viable, if potentially unstable, business model. So is hiring people that probably couldn't work somewhere better. The key is being honest to yourself about what glue keeps your organization together.




What industry is your wife in?


She's a lawyer.




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