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