In the economic structures of many countries in the world, it is observed that a huge deviation exists among the salary structure of the employees. Some employees usually earn extremely high salaries, whereas, many other have lower pay scales. Some people consider it a positive sign for a country but some refute this and proclaims that government should have limitize the salaries amount. I will discuss both opinions in my Essay.
On the one hand, it is believed that earning higher levels of salaries by individuals is beneficial for country, government and the individuals earning it. Moreover, if an employee reaches the top limits of pay/salary scale that means he/she deserves it and company values his/her competences and experience. For Instance, we consider cement sector and taking real life example of D. G. Khan Cement Company, which is indeed the second largest cement producing company in Pakistan. By analyzing pay structure, it is observed that an electrical engineer is earning approximately half a Million Rupees a month but a Manager Finance usually earns half of it while being on the same position in terms of grade. It is because of the fact that an electrical engineer is technical person and spends more of his time outdoor and believed to be a key person in the plant. Subsequently, he deserves more salary/compensation.
on the other hand, many people believe that there has to be a limit over the remunerations paid to employees and government should back/organize the same. Furthermore, by sealing the pay scale or by limiting the amount, almost all the employees of any organization would be benefited as the pay scale of the people with lower salaries will be improved. For Instance, MCB Bank Limited is largest financial institution in Pakistan. In addition, the same approach can be observed in this organization as the model discussed earlier is well implemented in this esteemed Bank. Resultantly, the employees working in this Bank are very much satisfied, motivated and contented. On the top of it, the Bank is growing at a rapid pace and earning huge profits as well as paying more than 3 Billion Rupees as Tax to Government of Pakistan.
In a nutshell, it can be said that the both approaches are logical and beneficial in many contexts. But in my opinion, the proper distribution of wealth is always a better approach and provides benefits to more and more people. As a result, the employers, employees, companies and governments all gets benefited.
In the economic structures of
many
countries in the world, it
is observed
that a huge deviation exists among the
salary
structure of the
employees
.
Some
employees
usually
earn
extremely
high
salaries
, whereas,
many
other have lower
pay
scales
.
Some
people
consider it a
positive
sign
for a country
but
some
refute this and proclaims that
government
should have
limitize
the
salaries
amount. I will discuss both opinions in my Essay.
On the one hand, it
is believed
that
earning
higher levels of
salaries
by individuals is beneficial for country,
government
and the individuals
earning
it.
Moreover
, if an
employee
reaches the top limits of pay/salary
scale
that means he/she deserves it and
company
values his/her competences and experience.
For Instance
, we consider cement sector and taking real life example of D. G. Khan Cement
Company
, which is
indeed
the second largest cement producing
company
in Pakistan. By analyzing
pay
structure, it
is observed
that an electrical engineer is
earning
approximately half a Million Rupees a month
but
a Manager Finance
usually
earns half of it while being on the same position in terms of grade. It is
because of the fact that
an electrical engineer is technical person and spends more of his time outdoor and believed to be a key person in the plant.
Subsequently
, he deserves more salary/compensation.
on
the other hand,
many
people
believe that there
has to
be a limit over the remunerations paid to
employees
and
government
should back/organize the same.
Furthermore
, by sealing the
pay
scale
or by limiting the amount, almost all the
employees
of any organization would
be benefited
as the
pay
scale
of the
people
with lower
salaries
will be
improved
.
For Instance
, MCB
Bank
Limited is
largest
financial institution in Pakistan.
In addition
, the same approach can
be observed
in this organization as the model discussed earlier is well implemented in this esteemed
Bank
.
Resultantly
, the
employees
working in this
Bank
are
very
much satisfied, motivated and contented. On the top of it, the
Bank
is growing at a rapid pace and
earning
huge profits
as well
as paying more than 3 Billion Rupees as Tax to
Government
of Pakistan.
In a nutshell, it can
be said
that the both approaches are logical and beneficial in
many
contexts.
But
in my opinion, the proper distribution of wealth is always a better approach and provides benefits to more and more
people
.
As a result
, the employers,
employees
,
companies
and
governments
all
gets
benefited.