Remuneration of Employees
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Question
Write the word or phrase or term which can substitute the following:
The principle of management explaining about fair payment to workers.
One Word/Term Answer
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Solution
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After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority. In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees. |
“The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.” Identify the principle of Management being followed here:
Principles of management are NOT
______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature.
______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
Principles of management improve the efficiency of employees.
