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Study on executive pay--留学生Paper代写范文
2016-10-21 来源: 51Due教员组 类别: Paper范文
留学生Paper代写范文:“Study on executive pay”,这篇论文主要描述的是企业的高层管理从一个企业跳槽到另一个企业,基本都能够保持在薪酬原则的范围内,高管做为公司的决策层之一,也是企业发展的得益者之一,有许多的人认为高管的薪酬问题对于员工而言是不公平的,这种不恰当的薪酬制度将可能影响到企业的正常运行。
There is a heated discussion on the executive pay, which has been a controversial topic for years.
The executives are the managers of the corporations, who can benefit from the development of the company to a great degree. The executive compensation is various from one firm to another, but the basic pay principle may be similar to a large extent. Many people consider the pay of the executives as inappropriate, which can cause damage to the progression of the corporation in the long run. The reasons can be explained a follows.
Firstly, the managing system in a company always rewards the executive bonuses without regarding the performance of them(Murphy, 1999). This system is not fair and will not contribute to the quick development of the firm in the long term(Samwick, 1999). When the executive does not perform themselves well, they can gain considerable pay as well, which is not fair to the other common employees and the corporation. When the company is not profitable, this system can lead to serious problems in the normal operation and may also cause the corporation go to bankruptcyin the end(Bertrand, 2001).
Secondly, the pay of the executives is quite higher than the employees at the bottom of the corporate leader. For instance, the ratio between the pay of the executives and those at the bottom of the firm ladder has increased to 400-to-1 in the United States, which has caused anger among the common employees. Moreover, this type of high ratio is prevalent in other countries as well(Garvey, 2003). However, in more and more cases, the performance of the executives can not meet the development of the corporation, which can be seen as a kind of nonfeasance(Murphy, 1999). This issue has been represented in many large companies in recent years, which will not benefit the world economy as well. This is another one explanation on the inappropriateof the executive pay.
Thirdly, it is a concern on the incentives structures which can promote the executives to complete the goals during a short period of time. When the short-term goal is realized, the bonuses of the executives will be high, or the compensation will be comparatively lower(Samwick, 1999). In this way, the executives will spare no effort to pursue the aim, but this structure may also harm the company in the long run, such as the well-being of the firms, the shareholders’ profits and the general welfare in the society. Most people begin to blame such behaviors in the financial industry during the Great Recession. The incentives structures may motivate the executives to realize the goals, but this means is also not proper for the development of the company in the long run(Girma, 2007).
In conclusion, the reasons for illustrating theinappropriate executive compensation can be diverse, and the companies systems in regulating the executives are not so definite, which is adverse to the sound and quick development of the corporations in theincreasingly fierce completions in the world economy and in various industries.In order to contribute to the smooth development of the company, the executives should behave themselves well in the firm and lead the company to develop in a prosperous direction.
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