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Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?

 

Option 1: Unity of command

Option 2: Division of labor

Option 3: Esprit de corps

Option 4: Remuneration of personnel


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Remuneration of personnel


Solution : The correct answer is (d) Remuneration of personnel.

The principle of remuneration of personnel emphasizes the importance of fairly compensating employees for their work and contributions to the organization. This includes providing appropriate wages, salaries, incentives, and benefits that are in line with industry standards and commensurate with an individual's skills, responsibilities, and performance. Ensuring fair compensation contributes to employee satisfaction, motivation, and overall organizational effectiveness.

 

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