It is highly debatable whether countries should pay high remunerations to a few people or a cap must be imposed on their wages. I completely disagree with the stance of putting limits on their salaries and believe that it is beneficial to pay exorbitant to certain individuals.
This
essay will elaborate more on my stance in the following discourse.
Firstly
, lucrative pay packages to a few
top-level-executivesCorrect your spelling
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isChange the verb form
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beneficial for
company'sCorrect article usage
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performance.when a person knows that he is compensated substantially for his efforts, he feels driven and
deliverCorrect subject-verb agreement
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remarkable results for the
company
.
This
approach encourages
and innovation, fostering
healthyCorrect article usage
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competitive
.
For instance
, if a CEO of the corporation is given additional incentives
on achievingChange preposition
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the target objective of being a unicorn
company
, it is justified to pay him considerably high.
Therefore
, fat
pay checks Correct your spelling
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are
pre requisitesCorrect your spelling
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for
company'sCorrect article usage
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growth to
certainAdd an article
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extent.
Additionally
imposing pay limits can interfere with the efficient functioning of labour markets .
This
is because employees may feel demotivated and they may shrug off their responsibilities,feeling indifferent towards
company'sCorrect article usage
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future.
For instance
,if
top levelAdd a hyphen
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management is paid a certain salary irrespective of their performance,they would not encourage
lower levelAdd a hyphen
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staff to work harder and deliver better results.
Consequently
, it can prove to be counter-productive and detrimental to
companyAdd an article
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and its employees.
In conclusion, imposing limits on salaries is not justified as it may negatively impact
company'sCorrect article usage
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productivity .
Also
, paying plush salaries is an integral part of
company'sCorrect article usage
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growth and cannot be taken away.