Ford $5 a Day Job Business & Marketing Case Study Paper

Ford's $5 a Day Wage: Is it Enough? 
Name
Institution
Ford $5 a Day Job
Question 1: Was the $5 a day wage good for employees?
The employees of Ford Motor Company highly benefited from the $5 a day wage. It improved standards of living because employees were required to meet some standards before becoming eligible for the $5 a day wage. The sociological department assessed their homes to make sure they did not have drinking problems (YouTube, 2016), which would allow them to save more instead of spending their earnings on drinks. Further, they also had access to loans after the announcement of the $5 a day wage, and could, therefore, take loans for personal development projects. Further, inspectors from the sociological department offered advice to employees on ways in which they can meet the requirements by utilizing the resources provided to them through the company.
The employees also benefited from an education program where they learned the English language. They also became Americanized because Ford wanted them to adjust to his way of life and do things his way. In this sense, the workers benefited from learning a new language, although one can say that they also lost some part of their culture by adopting the American’s way of life.
The $5 a day wage also motivated the employees because they were looking forward to the more than double wage at the end of the day. It also motivated them to adopt positive behaviors both in their personal and work life, thus becoming responsible people. One of the requirements for qualifying for the $5 a day wage was that one did not involve themselves in gambling and drinking. This move thus motivated the employees to be disciplined because failure to meet this requirement meant the loss of employment. Such incentives have been used by employers for a long time to increase workers motivation and job satisfaction.
On the downside, the $5 a day wage limited the workers' flexibility and ability to make decisions when it came to personal matters. For instance, the workers had to ask permission from their supervisors before purchasing a vehicle. This can be seen as restricting what someone could do with his or her hard-earned money. Further, asking permission meant that the supervisor had the right to ask personal and intrusive questions that were somehow unwarranted. The privacy intrusion also came from the sociological department who had to assess the homes of the workers before considering them eligible for the announced wage. It is noted that those workers who did not comply with the rules were fired within six months (YouTube, 2016). In line with these revelations, one can say that the $5 a day wage was not very conducive for employees, especially those who valued privacy, because their other option was to get fired.
Question 2: Was it good for the Ford Motor Company?
The $5 a day wage was good for the company because it reduced the high turnover rate in the company (YouTube, 2016). The company was losing employees too often, and training new employees came at a high cost than maintaining them. Ford had to hire approximately 54,000 workers o as to maintain a workforce of 13, 000. As such, the $5 a day made sure that employee remained loyal to the...