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 is this style of management effective? Are there better ways of encouraging employees to work hard?

Some companies try to encourage their team ,who contribute best to the company by giving bonus money .

Although

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this

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may encourage some part of the

staff

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, another part can get discouraged with

this

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.

However

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, by using

this

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manner the effects and the efficacy of most

workers

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can be uplifted and apart from

this

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approach , we can use

promotions

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of the

staff

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to encourage them as well . In the following ,essay

this

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writer wishes to elaborate

further

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on

this

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topic.

To begin

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with , when we consider the effectiveness of giving bonuses to the

staff

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, most of the time it will lead to positive developments . Apart from the fact that

this

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may increase the enthusiasm of the

workers

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, it will

also

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increase the effectiveness of the

workers

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as well .

For example

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, according to a study conducted by the Central Bank of Sri Lanka , there has been a 15% increase in the effectiveness of their team after giving them a bonus in the previous year.

On the other hand

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, apart from giving money for gain best of their

workers

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, most companies try to give

promotions

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to their employees depending on their experience and the quality of work.

Although

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,

this

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may give them a small salary hike , most

workers

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like

this

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method

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since they could get other benefits like transport with

promotions

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.To illustrate

this

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, according to a study conducted in a leading garment factory in Sri Lanka , most of the section managers have voted on

promotions

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rather than year-end bonuses, since they may get a car when they promote to the

next

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step . In conclusion , even though some team members may not like it, giving bonus money to employees is a good

method

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to uplift their productivity . Apart from

this

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, implementing a good promotion

method

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is

also

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a proven

method

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to encourage the

staff

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to work hard.