Companies Are Becoming More Concerned With Profit Than With The Happiness Of Employees | Band 7.5 IELTS Essay Sample
It seems that many companies today are becoming much more concerned with profit than with the happiness of workers. How could companies take better care of their workers in the future? Give reasons to your answer and include any relevant examples from your own knowledge or experience.
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Band 7.5 IELTS essay sample
Most companies these days are driven by profit and fail to take care of the well-being of their employees. This newly emerged trend can severely damage the professional relationships between employers and employees, leading to disagreements which eventually hamper the work quality. Hence, all those companies that aim to be successful must look after their workers’ well-being first. Here are a few reasons why companies are chasing profit at the expense of employees and how it can be prevented in future.
In a country like India, even a mid-sized company faces hefty competition. In order to tackle this competition, they simply pressurize the employees to perform better. The situation is even worse in the private sector, where professional work laws are not implemented or lack enforcement. For example, there are media houses like NewsX, where most employees have to extend their regular work hours almost every day and work for about 11 hours in a day, in order to provide fast coverage of news.
There are a number of ways by which this problem can be resolved effectively. Enterprises must implement and follow robust employee friendly policies that allow fixed working hours, adequate leaves, flexible timings, etc. for a good work-life balance. Apart from this, they should offer great motivation either in the form of good appraisals or wages, or by extending other monetary perks. For example, a diamond merchant, Savji Dholakia gifted Rs 1 crore Mercedes car to some of his employees after they completed 25 years of service.
To sum up, companies need to opt for / adopt a more balanced approach towards employees instead of running after revenues. Since employees can determine the success and failure of the company, keeping them happy would eventually lead to success and business prosperity.
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