All,
Please rate my essay very critically.
Thanks a lot in advance.
Regards,
Geetha
The quesion is “Some have argued that the salaries of corporate executives should be linked to those of their lowest-paid
employees. This, they argue, will improve relations between management and workers, reducing costly labor
disputes and increasing worker productivity. What these people overlook, however, is that these high
salaries are necessary to attract the best managers, the individuals whose decisions have the greatest impact
on the overall well-being of the company.”
Which do you find more compelling, the contention that worker and executive salaries should be linked, or the
response to it? Support your position with reasons and examples from your own experience, observations, or
reading.
---------------------------
My essay :
I strongly agree with the argument that the salaries of corporate executives should be linked to those of
thier lowest-paid employees. Such an action would definitely result in improving the relations between
employees and management.It would boost the morale of the workers and motivate them to work better thereby
resulting in overall increase in profitability of the company.
Though the author rightly points out that huge salaries are necessary to attract the best managers, he fails
to note that the best managers don't necessarily make companies most profitable. The decisions taken by
managers have a huge impact on the policies taken by the companies, but the execution of all policies are
done by the employees. The manager might take the best possible decision, but it would fail if the employees
feel disgruntled about their low salaries and perks in comparison with those of the top management. This
would lead to break-down of communication channels between workers and management and result total
demotivation of the workers.
On the otherhand, if the workers feel that they are treated as valuable assets of the company on par with top
management, by paying reasonable salaries, they would feel loyal to the company and give in their best
everyday. As an example I would like to quote the success story of a start up processed food industry in
India called Lijjat Papad. It was started by a few women in a neighbourhood who came together and formed a
co-operative society to make the members earn decent livelyhood by making and selling a lnthil based snack
called 'Papad'. One of the policies that was laid out by the management was that the money received by any
woman would be proportional to the quatity of 'Papad' that she brings in a day. It would not be based on the
position that the woman holds in the co-operative society. This made each worker feel that they are part of
the organization and that the success of the company is directly related to their effort. This resulted in
making 'Lijjat' one of most respected and recognized organization in their home country.
Another example would be the increased feeling of ownership and pride that employees perceive when they are
offered ESOPs by their companies. There were notable examples of companies, esp in the information technology
area, becoming highly successful in terms of productivity, profitability and employee retention after issuing
stock options to their employees.
In conclusion I feel that the salaries of the top management should be linked to the salaries of the workers
to improve overall profitablity of companies.
Please rate my essay very critically.
Thanks a lot in advance.
Regards,
Geetha
The quesion is “Some have argued that the salaries of corporate executives should be linked to those of their lowest-paid
employees. This, they argue, will improve relations between management and workers, reducing costly labor
disputes and increasing worker productivity. What these people overlook, however, is that these high
salaries are necessary to attract the best managers, the individuals whose decisions have the greatest impact
on the overall well-being of the company.”
Which do you find more compelling, the contention that worker and executive salaries should be linked, or the
response to it? Support your position with reasons and examples from your own experience, observations, or
reading.
---------------------------
My essay :
I strongly agree with the argument that the salaries of corporate executives should be linked to those of
thier lowest-paid employees. Such an action would definitely result in improving the relations between
employees and management.It would boost the morale of the workers and motivate them to work better thereby
resulting in overall increase in profitability of the company.
Though the author rightly points out that huge salaries are necessary to attract the best managers, he fails
to note that the best managers don't necessarily make companies most profitable. The decisions taken by
managers have a huge impact on the policies taken by the companies, but the execution of all policies are
done by the employees. The manager might take the best possible decision, but it would fail if the employees
feel disgruntled about their low salaries and perks in comparison with those of the top management. This
would lead to break-down of communication channels between workers and management and result total
demotivation of the workers.
On the otherhand, if the workers feel that they are treated as valuable assets of the company on par with top
management, by paying reasonable salaries, they would feel loyal to the company and give in their best
everyday. As an example I would like to quote the success story of a start up processed food industry in
India called Lijjat Papad. It was started by a few women in a neighbourhood who came together and formed a
co-operative society to make the members earn decent livelyhood by making and selling a lnthil based snack
called 'Papad'. One of the policies that was laid out by the management was that the money received by any
woman would be proportional to the quatity of 'Papad' that she brings in a day. It would not be based on the
position that the woman holds in the co-operative society. This made each worker feel that they are part of
the organization and that the success of the company is directly related to their effort. This resulted in
making 'Lijjat' one of most respected and recognized organization in their home country.
Another example would be the increased feeling of ownership and pride that employees perceive when they are
offered ESOPs by their companies. There were notable examples of companies, esp in the information technology
area, becoming highly successful in terms of productivity, profitability and employee retention after issuing
stock options to their employees.
In conclusion I feel that the salaries of the top management should be linked to the salaries of the workers
to improve overall profitablity of companies.
