📋 Should Bonuses Be Based Solely on Performance?
🌟 Understanding the Topic’s Importance
Performance-linked bonuses resonate deeply with key themes of business and management, including leadership, team dynamics, and ethical practices. As a topic, it stimulates discussions on workplace motivation and equity, making it particularly relevant for B-school candidates and professionals.
📑 Effective Planning and Writing
- 🕒 Time Allocation:
- 📋 Planning: 5 minutes
- ✍️ Writing: 20 minutes
- 🔍 Review: 5 minutes
📝 Introduction Techniques for Essays
- ⚖️ Contrast-Based Introduction: “While performance bonuses drive individual output, they can unintentionally undermine teamwork.”
- 📜 Timeline-Based Introduction: “Since the 1980s, performance-linked pay has redefined corporate reward systems, sparking debates on equity and motivation.”
📚 Structuring the Essay Body
- Achievements: Highlight increased productivity, cost-effectiveness, and talent attraction with examples like Infosys.
- Challenges with Comparative Analysis: Discuss inequity and bias, referencing Japan’s collective approach versus the USA’s individual focus.
- Future Outlook: Propose hybrid bonus models blending individual and team performance metrics.
📈 Analyzing Successes and Shortcomings
- 🏆 Achievements: Boosts productivity, attracts top talent.
- ⚠️ Challenges: Demotivates non-performers, risks bias.
- 🌍 Global Context: Learn from Japan’s and the USA’s diverse models.
💡 Recommendations for Sustainable Progress
- 🔧 Implement hybrid bonus structures.
- 📊 Use transparent metrics and automated evaluation tools.
📄 Sample Short Essays
- ⚖️ Balanced Perspective: “Performance-based bonuses reward individual excellence but risk neglecting collective efforts, necessitating a hybrid approach.”
- 🔍 Solution-Oriented: “Incorporating team-based rewards can enhance morale and ensure inclusivity alongside individual bonuses.”
- 🌏 Global Comparison: “While Japan focuses on collective success, the USA prioritizes individual performance. A middle ground is ideal.”