In some countries, a few people can earn extremely high salaries. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn Discuss both views and give your opinion.
Many people argue that the government should regulate salaries and limit the income employees can earn while others believe that earning high salaries is good for the nation. In my view, the pay scale of an employee should be based on one's knowledge and his position, but the government should
also
ensure that higher managements do not utilise their benefits and increase their salaries. This
essay is going to discuss both the sides and support them with relevant examples.
Firstly
, some of the higher management
and CEO's use their influence to increase their salaries while underpaying low-level employees. It is a problem because an organization depends on all of its staff to function properly. For example
, in a software company
, it is the developers that produce the end product, not a CEO, and if these employees are not encouraged through a proper hike in salaries their productivity might decrease. Ultimately, this
not only affects the company but
Accept comma addition
company, but
also
the nation due to a decrease in the taxes paid by the companies and sometimes also
in terms of deferred loans. If the authorities can control the power of CEO's then
there may not be this
problem of failing companies.
On the other hand
, an employee's salary should be based on his expertise and also
his commitment to the company
. This
is because a CEO and higher management
are responsible to formulate plans that can help the company
's growth. For example
, the CEO's of many companies spend most of their day (more than 10 hours) in the office while employees spend only 8 hours. A well-paid CEO might ensure the growth of an organization, thus
benefitting a country by an increase in employment ad taxes paid.
To conclude, paying the higher management
can provide the advantage of increased employment and taxes. However
, in my view, the government should also
ensure that the management
does not take advantage of this
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