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 this style of management is effective? Are there better ways of encouraging employees to work hard?

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 this style of management is effective? Are there better ways of encouraging employees to work hard? #Ieltsessay

 

Nowadays, extracting optimized performance from the workforce forms the mainstay of human resources policies of many companies, and to achieve this, top level management of companies resort to offering monetary benefits to the performing employees. Some justify this move, while others feel that this can have an adverse impact on inter personnel relationships and suggest alternative ways of encouraging employees to boost their performance.

 #Ieltsessay

Traditional and modern corporate culture has always professed use of financial incentive as a main tool of ensuring outstanding performance from the personnel. As per the top notch policy planers, the primary concern of all workers seeking employment is earning money for themselves and their families. Any extra benefit in form of monetary benefits can provide them with extra financial resources which in turn provide them opportunity to participate in their family with more money. Financial stimulus always has positive impact on the mental preparedness of employees and it encourages all others to work harder.

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On the contrary, financial benefits for some and none for others delivers a damaging impact on work place environment and can generate jealousy among the colleagues, because there is no mean of gauging efficiency of some departments and the workers working in these departments often end up feeling alienated. Moreover, a majority of workers are average performers and they rather feel disinclined to their work.

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The experts suggest several ways of encouraging personnel. The most prominent of these methods includes providing better opportunities for career progression and skill development and enhancement. The companies providing employees with better career opportunities like training for better performance and promotions for delivering outstanding performance can help in impressing a positive feeling of belongingness among the employees.

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On conclusion, I feel that cash incentive for good performers is a viable solution