It is believed that CEOs and executives in major enterprises should receive disproportionate salaries compared to low-level workers. While some argue that giving high compensation to directors and managers brings about some benefits, I am convinced that it is only beneficial to a certain extent.
On the one hand, I largely concur that the executives in a business deserve to receive higher wages than other workers. The primary reason is such incomes correspond to the talents of the directors. Working in a high position means that they have to bear heavier responsibilities and a more demanding workload. Specifically, a sufficient amount of time, intellectual and a diverse skill set are required to operate a large corporation, which can put a strain on both the mental and physical health of chief executive officers. Thus, distributing enormous salaries to them as rewards for their competence and contribution is worthwhile. Giving higher salaries to the executives, moreover, is essential to retain them in a company. As only a handful of employees are capable of handling the challenging tasks of leaders, corporations need to have special offers with the highest benefits to keep them occupied.
Nevertheless, large companies still have to divide equal salaries among workers regardless of their positions. First and foremost, besides the sole purpose of making profits, these companies are responsible for social equality in the workplace. The fact that nowadays many conglomerates such as Apple and Amazon spend millions of dollars on their executives, while several other employees only receive a mere salary, putting them under financial burden. If such organizations fail to address this issue satisfactorily, they may suffer from high turnover rates and a talent drain, which can have a detrimental effect on their reputation and revenue. Additionally, income equality among workers can create a comfortable and satisfying working environment, where they are likely to devote themselves to the work. A good income helps these employees reduce stress and anxiety from financial burdens, thus enhancing their overall well-being and productivity at work. Many studies have shown that companies with high levels of job satisfaction in terms of salaries tend to have higher profitability compared to their counterparts.
In conclusion, although there are reasonable grounds that the executives of a company deserve enormous wages, the benefits of giving equal salaries to other workers can not be ignored. It is recommended that corporations should strike a balance between income levels to create a better workplace.