Directors of large organizations often receive much bigger salary increases than ordinary workers. Some people think this is necessary, but some others believe it is unfair. Discuss both views, and give your opinion.
Managers usually shoulder more responsibilities than those ordinary employees, so they have to work hard and put up tremendous pressure. They have to consider all the risks and profits of the business transactions. And they have to manage almost every aspect within the company, from human resources, balance sheet, corporate culture to customer service. Even though the managers have many people work for the business, they have to be capable enough to handle all the routines and emergencies to which ordinary workers cannot be competent. Therefore, it is reasonable for them to earn much higher salaries than ordinary working staff.
On the other hand, managers' remuneration has to be equivalent to their contribution to the company. After all, it takes each and every one of a company to make one company prosperous. If the bonus and payment package only are offered to the administrators, it might be unfair for those hardworking common employees.
Directors of large companies often receive much bigger salary increases than ordinary workers. Employers' organizations say that this is necessary to attract the best management talent in a global market. What are your views?
In the past few years, the corporate sector has witnessed immense growth globally. This progress has created several job opportunities for professionals in various fields at all levels. When it comes to salaries, we often see a massive difference between ordinary employees and top managers' earnings. Senior managers usually draw enormous salaries, whereas the junior and middle-level workers are paid just average amounts. In my viewpoint, I would agree with the statement that directors should be paid more as compared to their subordinates.
Firstly, their job responsibilities, working skills, and problem-solving attitude are significantly different from those of the organization's other employees. Secondly, executive directors and managers are accountable for the profits and losses of their companies. They have a tight schedule as they have to fulfill their responsibilities within the given duration. Considering all these factors, I think that the senior managers deserve a higher payroll.
Moreover, an attractive salary acts as a motivation for the workers as they will also work harder to reach the top position. Therefore, companies can use this factor for inculcating a sense of healthy competition among employees. It also helps in getting the best out of them.
To conclude, we can say that it is vital for companies to provide impressive salary hikes to their directors. This practice motivates the staff to work diligently to reach higher positions in the organization.