Question

41. Raju and Vinu are working in the same
BQ organisation. They perform similar jobs and have
similar experience. However, they are paid
salaries at different rates.
(a) Which principle of management is overlooked in
the above paragraph? Explain it.
(b) Which values are overlooked in the given case?​

Answer 1

Explanation:

a) Remuneration of employees

The overall pay and compensation should be fair to both employees and organisation.The employees should be paida fair wages,which should give them at least a reasonable standard of living. At the same time

it should be within the paying capacity of the company. In other words, remuneration should be just and equitable. This will ensure congenial atmosphere and good relations between workers and management. Consequently the working of the company would be smooth.

b) remuneration should be just and equitable