How does salary affect a worker’s productivity?
An employee works for a company to get good pay. The productivity of a worker is the monetary compensation given to them. The skills that an employee brings with itself matching to their job functions makes them talented individuals for which they are rewarded with salary on monthly basis.
An organization is able to give good business and is able to grow when it has good employees who are able to abide by the decisions of the senior position. This also makes an employee the most prized possession of a company.
A company at the same time needs to understand that if it demands high-quality work from its employees it is also their duty to increase the salary mark. The below points will make one understand what and why –
Higher The Salary, Higher The Efforts – Even though money is not everything but still it is everything. This how the corporate world works. An employee is overloaded with more work than its usual level and yet is expected to inherit the job roles of different departments for the company’s growth and business. It is the responsibility of the company to also think and realize that if they want the production of work beyond their level it has to pay a higher salary and appreciate the hard-working employees. This also boosts confidence and the eagerness to make the company reach its vision.
Higher The Salary, Happier An Employee – Today money makes people more than happy. It is because everything is about having money. Money completes us and being penniless destroys us from inside. Employees when taking on a job role expect a salary scale that can completely fulfil their lives. A higher salary makes an employee happy and stability is confirmed for a longer period. We all work throughout the year so that we receive our salaries at the end or beginning of the month. What is the point in giving our lives to such jobs and companies who want us to run our lives and families on the average pay scale?
Higher The Salary, Higher The Indulgence – A higher salary also infuses us to expose our desires and indulgences. The world says whatever it is whatever we want to do it is right now. If an employee wants to have something for itself then it will be done now there is no tomorrow. Apart from higher salaries, it is all right to compensate for more perks that can allow an employee to indulgence in something and also be able to save enough without having a guilty thought of expenditure.
Higher The Salary, Lower The Turnover – The biggest achievement for an employee is the pay compensated for hard work. Paying higher income does not mean the person will get on a negative track; it will make him/her more responsible in their job role. It will qualify them to a dignified level and they will understand their job responsibility in a much better way. This makes them mature individuals within themselves and leaders of the company.
Higher The Salary, Higher The Accountability – Higher salary encourages an employee to become responsible, liable and versatile employees of a company. With a higher position increases the salary and with that comes a responsibility of setting an example for your juniors and coworkers. Salary hike gives a career growth in an employee’s life. It makes them realize that they are on the path of reaching the ladder of success in career and life.
This article is not to support just the employees but also to employers. If an employee deserves a higher compensation of his/her work and promotion in their job roles, they need to win the trust of the employer for them to review that a person is capable of taking on the leadership responsibility and they will stand by the values of the company.