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? (23/03/2024)
SAMPLE ESSAY:
In contemporary business settings, it is often argued that senior executives of a company should receive significantly higher salary than that of their subordinates . Although this pay gap could lead to dissatisfaction among employees and compromise other crucial aspects of business operations, I advocate for it considering the talent and heavy responsibilities of many senior managers .
On the one hand, the enormous executive pay might worsen income inequality within an organization and breed resentment among workers, prompting them to switch to other workplaces with fairer pay scales. This high rate of employee turnover could then have far-reaching implications for the organization itself, reducing overall work productivity and increasing the time spent on training or recruitment. Additionally, excessive executive compensation often comes at the expense of other critical aspects of business operations, such as investments in employee training or development of sales initiatives. A report conducted by the Economic Policy Institute addressed this issue, highlighting that companies with enormous salaries for senior labor tend to underinvest in areas that could otherwise drive sustainable growth and innovation.
On the other hand, I contend that senior managers should be entitled to much higher salaries within a company because they would help attract and secure the services of proficient, experienced executives who can steer the company towards success . For example, technology giants like Apple and Google are known for offering substantial salaries and lucrative stock options to their senior executives, ensuring that they can attract the best minds in the industry. Another reason why I support significant executive salaries relates to the heavy responsibilities senior managers have to shoulder , such as strategic planning, financial management, or risk management. These important obligations often directly impact the company’s operation and success, which explains why executives might deserve the substantial salaries commensurate with their contributions.
In conclusion, while the tremendous executive earnings could result in discontent among other workers and compromise some essential aspects of corporate operations, I believe that they are justifiable by the expertise and heavy responsibilities of many senior managers.
VOCABULARY
senior labor / executives / managers (phrase) = các nhà quản lý cấp cao
subordinate (n) = nhân viên cấp dưới
compromise (v) = đánh đổi (điều gì đó)
heavy responsibilities (phrase) = những trách nhiệm nặng nề
executive pay / salary / compensation / earnings (phrase) = tiền lương của các nhà quản lý cấp cao
breed resentment (phrase) = gây ra sự bất bình
a high rate of employee turnover (phrase) = tỷ lệ nhân viên nghỉ việc cao
far-reaching implications (phrase) = những tác động sâu rộng
at the expense of sth (phrase) = (nghĩa bóng) với cái giá phải trả là điều gì đó
be entitled to sth (phrase) = được quyền hưởng điều gì đó
steer the company towards success (phrase) = lèo lái công ty hướng tới thành công
shoulder the blame, responsibility, burden, etc. (phrase) = gánh vác một trách nhiệm, gánh nặng nào đó
(be) commensurate with sth (phrase) = tương xứng với điều gì đó
discontent (n) = sự bất mãn
BRAINSTORMING
Body 1: The reasons why senior governments should not earn significantly more than other workers
High executive pay can make workers feel upset and leave for places where pay is fair → reduced work productivity and more time spent on hiring or training for the company
It can also take money away from important aspects of a business (e.g. employee training or sales initiatives), as highlighted in a study by the Economic Policy Institute
Body 2: The reasons why senior governments should earn significantly more than other workers + my personal opinion: Agree
Offering much higher salaries helps bring in skilled and experienced senior managers who can lead the company to success (e.g. Apple and Google)
Senior managers often have many responsibilities like planning, managing finances, and handling risks, which directly affect the company's success → higher salaries for their big contributions
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