All companies recognise the importance of motivating their staff to work efficiently. Some think that increasing salaries is the most effective incentive; however, there are other methods worth considering. In my opinion, the best way to motivate employees is the one that works long-term.
In general, I believe that people who earn more money work better. In this sense, increasing salary can help a company to encourage its employees to work more productively. However, several months after the increase, employees get used to the new salary and their motivation falls to the usual level. Also, if all staff receive the same salary increase, there is no real motivation for individual employees to work harder.
Instead of increasing salaries, a company can introduce bonuses for its best- performing employees. For example, in banking, most people work hard because their bonuses may vary between 10 and 30 per cent of their annual income, depending on their performance. Such a method of remuneration will keep employees motivated every year.
Apart from bonuses, companies can offer non-monetary incentives. For instance, a company can give an “Employee of the month” award to its best employee. Such awards will not cost the company anything but people will feel that their efforts are recognised and appreciated.
In conclusion, it seems that increasing salaries is not the best way to motivate employees. Even though it is likely to raise motivation for a short period of time, this method will not work in the long term. Instead, companies should introduce incentives linked to employee performance, such as bonuses and non- monetary awards.
All
companies
recognise
the importance of motivating their staff to
work
efficiently
.
Some
think
that
increasing
salaries
is the most effective incentive;
however
, there are other methods worth considering. In my opinion, the
best
way to motivate
employees
is the one that works long-term.
In general
, I believe that
people
who earn more money
work
better.
In
this sense,
increasing
salary
can
help
a
company
to encourage its
employees
to
work
more
productively
.
However
, several months after the increase,
employees
get
used
to the new
salary
and their motivation falls to the usual level.
Also
, if all staff receive the same
salary
increase, there is no real motivation for individual
employees
to
work
harder.
Instead
of
increasing
salaries
, a
company
can introduce
bonuses
for its
best-
performing
employees
.
For example
, in banking, most
people
work
hard
because
their
bonuses
may vary between 10 and 30 per cent of their annual income, depending on their performance. Such a method of remuneration will
keep
employees
motivated every year.
Apart from
bonuses
,
companies
can offer non-monetary incentives.
For instance
, a
company
can give an
“Employee
of the month” award to its
best
employee
. Such awards will not cost the
company
anything
but
people
will feel that their efforts are
recognised
and appreciated.
In conclusion
, it seems that
increasing
salaries
is not the
best
way to motivate
employees
.
Even though
it is likely to raise motivation for a short period of time, this method will not
work
in the long term.
Instead
,
companies
should introduce incentives linked to
employee
performance, such as
bonuses
and non- monetary awards.