Some employers reward members of staff for their exceptional contribution to the company by giving them extra money. This practice can act as an incentive for some but may also have a negative impact on others.
To what extent is this style of management effective?
Are there better ways of encouraging employees to work hard?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Paying employees extra money is a way that some employers these days use to reward the subordinates for their extraordinary contribution to the company. This regulation could be both encouraging and discouraging to different people. It is not totally unhelpful, but if being reconsidered more profoundly, it still has numerous weaknesses emerged.
On one hand, giving employees incentive compensation could significantly provoke them to work. Money is an essential demand of anyone, therefore, an effective motivation for people to exert themselves. Second, by applying this practice, companies can attract a considerable amount of applicants who are interested in high incentive compensation, which is also a benefit to the company itself. On the other hand, however, paying workers extra money also arouses jealousy among them that is very difficult to be aggravated. Once the rivalry has emerged in the working environment, employees would no longer totally focus on their performance. Instead, they would rather make a scheme to try to pull others down, which would drastically affect the quality of the whole company.
Besides, there are also other solutions to boost workers to work harder. One of the most prevalent ones is giving them vacation trips rather than money. For employees who have to dedicate most of their time to the company, the first thing they would ever wish to have is free time to relax, to get away from arduous hours of paperwork, and to stop thinking about anything but themselves. Another way is the employers showing care to their subordinates, being both a boss and a friend, and giving them advice related to either work or personal life if needed. This helps the workers to stay motivated and optimistic as they know that they are working for the right one who is always ready to listen to them and is very trustworthy.
In conclusion, although paying extra compensation is an effective way to boost workers' motivation, there are also other approaches with fewer potential consequences of provoking rivalry at the workplace.
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