ESSAY INFORMATION:
Written by: Xuân Phi, 24/03/2024
Supported by: Ex-BC Examiner, 25/03/2024
Question: Some people think it is a good thing for senior managers to have much higher salaries than the other workers in a company.
To what extent do you agree or disagree?
(IELTS Academic – 23/03/2024)
ANSWER (8.0+):
It is sometimes asserted that it is beneficial if company management receive much more generous pay than ordinary employees. I largely agree with this assertion as it represents fairness and fosters productivity even though there is a risk of decreased morale.
The foremost rationale for my approval of corporate executives enjoying significantly greater earnings lies in their significance. Specifically, they generally assume various responsibilities, ranging from ensuring the overall viability of a company and training their subordinates to encouraging them to endeavour for collective success. Therefore, it can be fair for companies to pay these individuals remarkably higher than others to financially reward them for their contribution.
Another reason for why I support the idea of paying executives more generously is that it encourages other workers to be more productive. It is because the significant difference in income might be a factor that extrinsically motivates ordinary workers to work more dedicatedly and creatively to stand a higher chance of promotion. This not only allows them to increase their earning but also contributes to the company’s overall performance.
However, I acknowledge the possible negative impact of a pay gap on workers’ morale. In reality, a number of them have expressed their concerns as top executives of their firm earn a huge sum of money while those who work under their management can only be entitled to limited salaries. For example, hundreds of engineers at Google have left furious comments regarding the increasingly enormous bonuses that the CEO Suchai has received even though the tech giant is cutting down on wages and bonuses.
In conclusion, I am mostly in agreement with paying those in top management positions much higher than other workers considering managers’ contributions and encouraging their subordinates to strive for the same, boosting a company’s performance despite the possibility of an unwelcoming attitude of some employees. That is why corporations should design a transparent pay scheme and increase the effort to educate their workers on the benefits of pay differences.
(Word count: 330)
WORD LIST
ENGLISH | TIẾNG VIỆT |
Foster productivity | Thúc đẩy năng suất |
Assume various responsibilities | Đảm nhận nhiều trách nhiệm khác nhau |
Viability | Khả năng tồn tại |
Endeavour for collective success | Nỗ lực vì thành công chung |
Stand a higher chance of promotion | Có cơ hội thăng tiến cao hơn |
Workers’ morale | Tinh thần của người lao động |
Be entitled to | Được hưởng quyền, hường cái gì |
Increasingly enormous bonuses | Tiền thưởng ngày càng cao |
Top management positions | Vị trí quản lý cấp cao |
Boosting a company’s performance | Thúc đẩy hiệu suất của một công ty |
Transparent pay scheme | Chế độ trả lương minh bạch |