It was not two years back that one of my student-friend K.Ramanathan had shared this theory with me, and it was just a few weeks back that we met and refreshed our memories and got discussing about this theory again. I've personally shared this with many friends of mine, but here it goes online... to everyone who reads this blog...
Well, it's no rocket science. It's all basics, and perhaps, this simplicity is what is so interesting about it...
We came across an organization which paid its employees more than they actually deserved (personal opinions), according to our analysis of a few of the employees' skill-sets. These employees had got used to higher pay packages over a period of time and such lifestyles, that when they wished to quit for better opportunities, they actually found themselves in a fix. On one hand, they weren't actually skillful enough for progressive responsibilities, and on the other, if they found a job, the pay packages offered were either similar to what they were receiving, or lesser.
In a way the peoples' lives got accustomed to such a way of living that they could not survive on lesser salaries, and even if they wanted to leave their current organizations, they had no choice but to continue... That is The Castration Theory. A person is slowly castrated that they become unproductive for others...
Hmmm... a good strategy for companies to retain people, though. People beware!