Many countries offer extra cash to their employees who work well or make a significant benefits to the businesses in order to stimulate the staff to work harder and better. It can be argued that this type of management strategy could be a drawback to an organization while some people believe that it is an effective technique. This essay will explain how the rewarding strategy improves staff’s working ability and also present another method used to encourage the workers who dedicate themselves to their work.
Giving extra money to employees is just one type of a company’s management tactics. **This can make them feel enthusiastic and involved in work by with this reward. In addition, the employee’s attitude to a job is raised in a better way, such as job satisfaction. For example, presently an American bank has given a considerable amount of compensation to the CEOs to fight with the global economic recession, so that they would try to solve the current financial crisis intentionally.
However, this style of management can be limited only for to individuals. There are many encouraging strategies, which work effectively, to persuade all staff in the company to increase their employee’s output. Firstly, promotions could be used in the case of an employee’s performance that is above a working skill standard. Secondly, a company may have to provide a variety of working environment options; for instance, working at home, flexible working hours or good facilities and comfortable office. Moreover, offering or increasing employee’s health, such as sport activities or life insurance can benefit not only for the employee themselves but also for the business by having healthy workers.
Overall, if incentives can contribute to improving employee’s working ability in an effective way, companies should use the best management strategy to reward their staff.
**This can make them enthusiastic and feel involved in work by being rewarded.