Axis
Banned
It is obviously true that the rate of salary in which a particular employee gets to be compensated in a particular business organisation can definitely influence and affect his or her productive habits as well as attributes. There is absolutely no employee or worker that would love to be underpaid, but instead all employees and workers wishes to be comfortable and reasonably compensated and paid by their employers and managers. That is why it is very much advised for a business organisation to always endeavour to remunerate and compensate their employees reasonably and comfortably, in such a way that they would always give in their best to make sure that the business goals and objectives are efficiently achieved. Hoarding and restricting employee salary can definitely influence the ability and possibility of such employee to perform his or her roles and responsibility efficiently. Furthermore, below are some of the ways in which salary rate effects on employees productivity or ability to be productive:
MOTIVATION: A fair and competitive salary can increase an employee's motivation and drive to perform well, leading to higher productivity. On the other hand, a low salary can lead to demotivation and a decrease in productivity.
JOB SATISFACTION: A fair salary can contribute to an employee's overall job satisfaction, which can, in turn, lead to higher productivity. Dissatisfaction with compensation can lead to decreased morale and motivation, and result in lower productivity.
RETENTION: A fair and competitive salary can help retain employees and reduce turnover, as employees are less likely to leave for higher paying jobs. High turnover can result in decreased productivity, as new employees need time to learn and adjust to their role.
STRESS: A low salary can contribute to financial stress and create distractions for employees, leading to decreased focus and lower productivity. On the other hand, a fair and competitive salary can help alleviate financial stress and allow employees to concentrate on their work.
MOTIVATION: A fair and competitive salary can increase an employee's motivation and drive to perform well, leading to higher productivity. On the other hand, a low salary can lead to demotivation and a decrease in productivity.
JOB SATISFACTION: A fair salary can contribute to an employee's overall job satisfaction, which can, in turn, lead to higher productivity. Dissatisfaction with compensation can lead to decreased morale and motivation, and result in lower productivity.
RETENTION: A fair and competitive salary can help retain employees and reduce turnover, as employees are less likely to leave for higher paying jobs. High turnover can result in decreased productivity, as new employees need time to learn and adjust to their role.
STRESS: A low salary can contribute to financial stress and create distractions for employees, leading to decreased focus and lower productivity. On the other hand, a fair and competitive salary can help alleviate financial stress and allow employees to concentrate on their work.