“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
Suggestion
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
Suggestion
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
Suggestion
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
Suggestion
salaries, raises
salaries raises
unfairness in
payment but
Accept comma addition
payment, but
it can lead to a decline in
intrinsic
Suggestion
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
Suggestion
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
Suggestion
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
Suggestion
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
Suggestion
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
Suggestion
Decrease
, which may pose a threat to the long-term development of the business.
Thus
,
it
Suggestion
It
is advisable to consider alternative means
such
as verbal recognition in encouraging
workers
Suggestion
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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