The salary structure across the industry has been defined keeping in mind various aspects such as the knowledge and the skill an individual holds. Although, I agree to the fact that people who are in a senior position deserve a higher remuneration, clearly for the responsibilities in the role they undertake, as well as the experience they have acquired over years, which would help take the right strategical calls for the benefit of the company.
There are various reasons due to which, huge amount remuneration is paid to the senior managers. To start with, the role defined for the people in the senior position has a lot of responsibility. The person is responsible to make important decisions which can have direct implications on the Financials of a company, at the same time he is also reliable to face any consequences that can arise due to his negligence. In addition, experience plays a vital role in decision making. With a number of years experience, a person is able to acquire a lot of knowledge, which would help him in decision making. In addition, salaries are the only way to differentiate between employees at different levels.
Moreover, senior management plays a part in motivating the rest of the employees. The employees are aware of the monetary perks that are enjoyed by the senior management. But, at the same time they are also aware that in order to reach the same position a lot of hard work is needed. This builds the motivation level of the employee to work harder.
In conclusion, I would agree that the senior management deserves to get a higher pay for the responsibility and the skill they hold. They could positively motivate the rest of the employees to reach at the same level.
The salary structure across the industry has
been defined
keeping in mind various aspects such as the knowledge and the
skill
an individual holds. Although, I
agree
to the fact that
people
who are in a
senior
position deserve a higher remuneration,
clearly
for the responsibilities in the role they undertake,
as well
as the experience they have acquired over years, which would
help
take the right strategical calls for the benefit of the
company
.
There are various reasons due to which, huge amount remuneration
is paid
to the
senior
managers. To
start
with, the role defined for the
people
in the
senior
position has
a lot of
responsibility. The person is responsible to
make
important
decisions which can have direct implications on the Financials of a
company
, at the same time he is
also
reliable to face any consequences that can arise due to his negligence.
In addition
, experience plays a vital role in
decision making
. With a number of years experience, a person is able to acquire
a lot of
knowledge, which would
help
him in
decision making
.
In addition
, salaries are the
only
way to differentiate between
employees
at
different
levels.
Moreover
,
senior
management plays a part in motivating the rest of the
employees
. The
employees
are aware of the monetary perks that
are enjoyed
by the
senior
management.
But
, at the same time they are
also
aware that in order to reach the same position
a lot of
hard
work
is needed
. This builds the motivation level of the
employee
to work harder.
In conclusion
, I would
agree
that the
senior
management deserves to
get
a higher pay for the responsibility and the
skill
they hold. They could
positively
motivate the rest of the
employees
to reach at the same level.