What is Remuneration in Principles of Management?

7. What is Remuneration in Principles of Management?

  1. Employees work in harmony towards the same objective
  2. Interests of the team should take precedence over personal ones
  3. Paid fair wages for the work that they carry out
  4. The concentration of power in the hands of the authority

Answer: C) Paid fair wages for the work that they carry out

Explanation:

This principle states that representatives should be paid fair wages for the work that they do. Any association that comes up short on its labourers will battle to propel and keep quality specialists. This compensation ought to incorporate both monetary and non-monetary motivating forces. Additionally, there should be a design set up to remunerate great execution to spur workers.

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