The Great Philosopher Karl Marx's Employee Attitude Towards Pay

1154 Words3 Pages

Section One: Employee attitudes towards pay.
The Great Philosopher Karl Marx (1844, p 1) said “wages are determined through the antagonistic struggle between the capitalist and worker. Victory goes necessarily to the capitalist. The capitalist can live longer without the worker than the worker without the capitalist”. The aforementioned philosophic statement by Marx opens for many issues to be debated between workers and employers, employment cadres and employment policies. As can be seen, in the hands of the capitalists are resources in the form of pay or wages that a worker desires to have in their own hands to provide for their individual needs and wants. Henceforth, the capitalist employ workers and in turn pay wages which are an income …show more content…

The research further revealed that private sector employees would like to have their pay linked to own performance (48%), the cost of living (38%) and their organization’s performance (28%). Meanwhile, public sector workers would like to have their pay linked to the cost of living (60%), their individual performance (36%). The fact that some private company employees got pay rise in the year 2014, it is a policy action that validates private sector employees tend to yield more positive attitudes pay. The private sector employee pay and benefits are tied to individual or group performance and this is the whole reason for private companies for implementing a policy that is used to award employees who achieve the set targets. The employers know very well that this type of remuneration motivates employees to do more …show more content…

The duo further argue that incentives have been found to be the one of the means through organizations can adopt to motivate and increase their workers performance. This meams that organizations put in place monetary and non-monetary incentives to appeal to their employees to perform more. As adopted from the Pattanayak (2005, p 564), benefits are further classified into monetary incentives, tangible monetary incentives and intangible non-monetary. In essence, employees generally become happier when they get a better working conditions and benefits. As cited in Sempane, Reigner and Roodt (2002 pg 23), Locke once said “job satisfaction is a pleasurable or positive emotional state resulting from the appraisal of one’s job and job experiences”. And Linz (2002) job satisfaction is influenced by attitudes toward work and organizational

More about The Great Philosopher Karl Marx's Employee Attitude Towards Pay

Open Document