Some employers reward members of staff for their exceptional contributions 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?

Employer
Suggestion
Employee
morale is an important part of
operating business
Suggestion
an operating business
operating businesses
that every
employee
has to be aware of. In
modern office
Suggestion
the modern office
a modern office
modern offices
, giving bonus in
form
Suggestion
the form
of money for significant
contributor
Suggestion
contributions
has become a widely accepted strategy to ensure a positive working attitude.
However
,
this
approach may draw unwanted discontent from others. In order to verify
this
and finding an alternative method,
further
investigation will be conducted. On the one hand,
money bonus
Accept comma addition
money, bonus
can be a great source of motivation.
First
of all, bonus improves job satisfaction which
also
serves as an effective way to keep crucial staff member in the organisation.
Secondly
, if there is no bonus for top performer, there will be no competition between employees which will only discourage staffs from surpassing their former self. At some point,
company
Suggestion
the company
companies
a company
will be treading water and eventually will be outperformed by
rival business
Suggestion
the rival business
.
On the other hand
, extra money is not
ideal especially
Accept comma addition
ideal, especially
in multidisciplinary company. It is easier to single out top contributor from
sales department
Suggestion
the sales department
by simply looking at
sale
Suggestion
sales
figures.
This
is not the case with other departments
such
as Research and Development department where contribution is not quantity
hence
immeasurable. The reward for
this
type of department is normally handed for the entire team.
This
will not allow
company
Suggestion
companies
to target truly hard working and outstanding individual. An alternate policy which can
also
boost morale is to improve
employee
's fame by awarding
title
Suggestion
the title
of "
employee
of the month" and "
employee
of the year".
This
can be done through
anonymous voting system
Suggestion
an anonymous voting system
the anonymous voting system
or collecting feedback and rating from customers to ensure equality between staff.
This
type of policy is highly effective in hospitality and service industry. In conclusion, the practice of rewarding to exceptional
employee
can
brings
Suggestion
bring
more goods than harms.
This
is why
this
form of practice is exercised extensively in a variety of industries.

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