What are two potential rewards of being an exceptional manager?
The ability to make decisions without being questioned
The ability to earn more than most workers
Fringe benefits, such as a large office or stock options
A guarantee of employment in one’s chosen field
The Correct Answer and Explanation is:
Correct Answers:
- The ability to earn more than most workers
- Fringe benefits, such as a large office or stock options
Being an exceptional manager comes with several potential rewards, especially as organizations value effective leadership and strategic oversight. Two common and realistic rewards include higher earnings and fringe benefits.
1. The Ability to Earn More Than Most Workers
Exceptional managers are often compensated more generously than rank-and-file employees. This is because they take on more responsibility, including managing teams, making decisions that affect company profitability, and setting long-term strategic goals. Performance bonuses, profit-sharing, and high base salaries are often linked to a manager’s ability to lead effectively. In many industries, management positions represent a pathway to the highest levels of income within a company, especially when linked to measurable success, such as increased productivity or revenue growth.
2. Fringe Benefits, Such as a Large Office or Stock Options
In addition to higher salaries, exceptional managers may also receive fringe benefits, which are non-wage compensations. These can include private offices, company cars, flexible work schedules, travel opportunities, and stock options. Stock options are particularly valuable because they provide a stake in the company’s success, aligning the manager’s interest with that of the organization. These perks are offered both as rewards and as incentives to retain top-performing managers and to motivate them to achieve high performance.
Why the Other Options Are Not Correct:
- The ability to make decisions without being questioned is unrealistic; even the best managers must report to someone (e.g., executives or board members) and justify their decisions.
- A guarantee of employment does not exist in most sectors. Regardless of skill level, economic downturns, restructuring, or organizational changes can affect job security.
Thus, the most tangible and consistent rewards for exceptional management performance are higher compensation and valuable fringe benefits