“Higher salaries are better than other incentives for motivating workers.” To what extent do you agree or disagree with this statement?

Money
, since its
first
appearance nearly 5,000 years ago, has exerted far-reaching
impact
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Impact
on every aspect of
humans'
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human
life. From being used as a medium of exchange to
serving
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Serving
as a store of value,
money
has been so widely preferred that some people
claimed
Suggestion
Claimed
that higher salaries were better than other incentives for motivating workers. From a personal perspective, I strongly disagree with
this
statement, basing on two
potential
Suggestion
Potential
unwanted consequences of financial incentives, namely pay inequality and a
reduction
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Reduction
in intrinsic motivation. It is a truth universally acknowledged that the more considerable a monetary reward is,
the
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The
more likely it is to cause inequality among employees. Apparently, a promotion in
salaries
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Salaries
for some workers can arouse the feeling of jealousy from others who do not get
the
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The
same extra
money
,
thus
having undesirable influences on the overall productivity. One distinctive example of
this
, taken from a research in the article "The Problem with Financial Incentives - and What to Do About It", describes the case in which major
league
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League
baseball teams with greater gaps between highest and lowest payment lose more
games
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Games
than those with a stricter control over paying among team members. The
money
undoubtedly
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Undoubtedly
made members at the top feel great and perform better, but at the same
time
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Time
could not compensate for the loss coming from those who are
in
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at
the bottom. What
is
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Is
more, being paid less than others might create a sense of depreciation for some
laborers
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Labourers
Laborers
. At Google in 2014, multimillion-dollar stock grants were awarded to major
contributors
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Contributors
with a view to maintaining important employees. The program
unfortunately
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Unfortunately
turned out to be a
mistake since
Accept comma addition
mistake, since
it raised resentment and
feeling
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a feeling
feelings
of
discrimination
Suggestion
Discrimination
in those without the bonuses ("The Problem with Financial Incentives
-
Accept space
-
and
Suggestion
And
What to Do About It", 2019). Clear as it may seem, the more does not always mean
the
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The
better, not to mention the worse. Not only can a rise in
salaries raise
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salaries, raises
salaries raises
unfairness in
payment but
Accept comma addition
payment, but
it can lead to a decline in
intrinsic
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Intrinsic
impetus of the workers as well. In his article, Chamorro-Premuzic (2013)
mentioned
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Mentioned
an engagement research
on
Suggestion
in
1.4 million employees across 34 nations,
revealing
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Revealing
that there was little connection between job satisfaction and pay level. In other
words
Suggestion
Words
, extra
money
does not result
Suggestion
do not result
in engagement. To make
matter
Suggestion
matters
worse, there is a
likelihood
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The likelihood
Likelihood
that the more employees focus on a pay rise, the less they concentrate on
their
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Their
work
itself,
thus
enjoy what they do less and less.
This
can be seen through another
metal
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Metal
-
analysis including
Accept comma addition
analysis, including
128 experiments wherein a decrease
by
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of
36% in
laborers
someone who works with their hands; someone engaged in manual labor
labourers
’ Version: 1
intrinsic
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Intrinsic
motivation happened when the financial incentives were foreseeable (Chamorro-Premuzic, 2013). In
this
case, the
money
-relating method produced an
adverse
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Adverse
effect on the working spirit of employees by making the financial reward the
final
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Final
goal of the job, not the complement of the product itself. Payment rising is one of
the
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The
ways, but it surely cannot be entitled the best when applied to motivate workers.
Although
advocates of cash-based incentive might argue that it can make people strive
harder
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Harder
to perform their tasks,
this
school of thought can be demolished by the method's “
after-effect
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Aftereffect
Aftereffects
After-effect
”. The reward itself makes receivers
contemporarily
characteristic of the present
contemporary
feel more excited about
the
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The
work
, but cannot retain their
work
ethic in the long run. An experiment studying the
reaction
(chemistry) a process in which one or more substances are changed into others
Reaction
of employees at a manufacturing facility at
first
showed a slight “up” in
laborers’
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Labourers
Laborers’
productivity when they were given monetary rewards, yet a “drop” happened
once
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Once
they no longer got them (Rimon, 2016). It is not hard to see that the dedication to
the
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The
job was gradually distorted by a tangible profit that will have to be raised from time
to
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To
time. Undeniably, once adopting the cash-based methods, companies will have no
choice
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Choice
but to stick to it for fear of productivity decrease. And by doing so, an unhealthy
working environment
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The working environment
Working environment
is being built, which will eventually ruin the system. Though the benefits of financial incentive are palpable, it still creates potential
unintended
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Unintended
consequences including
Accept comma addition
consequences, including
payment inequality and intrinsic motivation
decrease
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Decrease
, which may pose a threat to the long-term development of the business.
Thus
,
it
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It
is advisable to consider alternative means
such
as verbal recognition in encouraging
workers
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Workers
. Not until the leaders are able to make the
work
itself enjoyable will the
employees
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Employees
contribute their best to the company.
Submitted by lehuyenabc10 on

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