Some employers reward members of staff for their exceptional contributions 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?
Companies give incentives to their personnel for their outstanding contribution to its advancement. This practice boosts the confidence of staff, and they feel more committed to their work, but for others, it cultivates a feeling of jealousy, and they will become diffident and avoid working hard. This can be beneficial for some but not for all. Giving appreciation letters, assigning them duties to lead the others so that they can also get achievable targets.
First off, giving incentives to the staff members for their immense contribution will boost their confidence, and they will do more hard work to get again. At the same time, others will feel diffident and neglected. So additional money apart from regular income can create trouble, and it can weaken the efficiency of the workers. For instance, to make a company prosperous, every member does his best; however, a few, who are creative as well as have a long term vision, are able to succeed. Others’ contribution becomes negligible. Therefore, this style of management will work for some but not for all.
Moving further, there are other alternatives that can stimulate the workers to do hard toil. One of them is giving appreciation letters. For example, organizing functions on a company’s premises or in a hotel to honour the employees can motivate others to achieve the same. Besides, assigning them some duties to uplift the spirit of other workers so that they can also contribute instead of reacting passively. Such personnel can lead them to obtain the set target. Thus the contribution of each and every worker will be valued, and all the staff will feel themselves productive members of any company.
To conclude, thus, giving incentives is not completely bad in itself, but it will not inspire others to do their best for the progress of a company. Rather it will develop feelings of envy and bitterness. So, admiration and assigning duties to act as a leader can affect the other workers, and they will value themselves and do good for the company.
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