Nowadays, many companies have tendency to give their employees an amount of extra money as a reward, which encourage them to work harder. Therefore, it contributes to the increasing in the efficiency and effectiveness in working productivity. Though this trend brings many benefits, the drawbacks are also in consideration. In this essay, I will present and clarify both of them.
One advantage of using financial bonuses is to raise their employees’ motivation to work better and harder. That amount seems as a reward that they could gain for their hard-working time. For example, I once worked for a company which have wonderful policies and incentive. After every month, we always have a meeting to report and review all of our tasks that we have managed the during this period of time, we will be praised for the successes and also be advised for the failures. Then, according to the index of productivity, we will be given an amount of money which is worth with everyone’s hard-working day. Therefore, there are some days we have to burn the midnight oil, work days and nights but we don’t feel stressed or tired, we are happy with this because of the monthly attractive bonuses. Moreover, the amount of bonuses is greatly helpful to your life. Employee can earn more money to make a living without research for part-time jobs.
One disadvantages of using financial bonuses is to create conflict among people. There will be a controversial issue between them, some of them work harder and better, but some of them working less and ineffective although they are given bonuses equally. As a results, it could create an ice among people, which is not useful for fostering a bonding relationship among teammates, there will be a toxic working environment in a long run.
In conclusion, using financial bonuses not only has positive effects in the working productivity but it also helps employees earn more money, which is useful for their daily lives. Though his tendency has some disadvantages, the advantages are visibly outweigh. In my perspective, I strongly support that policy due to the reasons I mentioned above.