Below Minimum Standard
What about someone who far exeeds the minimum? Shouldn't they be given more challenges and allowed to fly? Shouldn't they be recognized for their accomplishments? They would probably quit if they feel bored. These are the people who are going to drive the company and keep it going.
I think a company fails when it can't deal with the poor workers and the excellent workers.
What kind of boss would you be? Someone who just cuts away the dead wood? Or someone who tries to find another way to solve the problem?