Why Paying More for Better Talent Can Stay Within Budget
Ayman al Abdullah challenged Jasmine's assumption that she could not afford a world-class executive assistant. His argument was that exceptional people complete work much faster, allowing a company to pay a higher rate for fewer hours without exceeding its budget.
- Hourly price alone does not determine total labor cost.
- Exceptional talent may need far less time to complete the same work.
- A part-time premium role can outperform a cheaper full-time role.
- Role design and compensation should be evaluated together.
“The best people work one fourth of the time, so pay them three fourths more.”
“So boom, right there and there. I change the role from a full time EA to a part time EA, and then I raise the…”