Many people believe that it is reasonable for those who are in charge of senior core positions to have much higher earnings than other peripheral workers in the company. From my point of view, I completely agree with the first clause of the statement for several reasons.
One primary reason, talents and experience should be scaled with the salaries they could earn. In particular, to be promoted to that position, it might take a person several years to be capable of that such an important position. They have to exchange their time and effort for continuous and restless learning to build competence in core transferable skills such as decision-making, communication, or workforce management, so that they can reduce the irreversible mistakes and manage their subordinates more effectively to achieve corporate goals. For example, many companies pay 2-3 times higher for a senior management position to attract the right leaders for the team, who will have the capability to drive the team to success.
Another reason, those positions require the person in charge to endure the stressful environment as well as involve high accountability. Suppose the managers are not skillful and competent enough for their roles. In that case, it will significantly impact the organisation’s performance and progress, which will utterly damage its competitive advantages as well as its reputation toward stakeholders. Specifically, The manager may need to make decisions on the product range served to customers, based on the market research data will affect the chance of that company’s success and survival. Thus, higher salaries should be the deserving reward for them for completing heavier tasks than others.
In conclusion, the higher a manager’s position in the hierarchy, the higher the salary, so it is completely reasonable for a senior manager to earn a higher income in every circumstance. This is because of the requirements for the quality of a good manager and the job and task that they have to fulfill.