Gurpreet is running a retail mart in Varanasi to provide various types of products of daily use under one roof to the buyers. The employee turnover in his business is very high and he is perpetually on a lookout for new staff. The fact of the matter is that he lacks managerial skills and assigns work to his employees on adhoc basis without letting them settle down in a specific work. This approach of his creates a sense of insecurity among the employees and they tend to leave the job very quickly. However, he is a very god fearing person and offers fair wages to his employees so they can afford a reasonable standard of living. In context of the above case: a) Identify and explain the principle of management which Gurpreet is unable to apply and is perpetually on a look out for new staff. b)“He is a very god fearing person and offers fair wages to his employees so they can afford a reasonable standard of living.” Name and explain the relevant principle of management will have been brought into effect by Gurpreet.
Answers
Hey Mate !
i. The following is the Principle which Gurpreet is unable to apply and is perpetually on a lookout for new staff: Stability of Tenure of Personnel - Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel (especially managerial personnel)must not frequently enter and exit the organization.
ii. The relevant principle of management which has been brought into effect by
Gurpreet is: Fair Remuneration-This management principle of the 14 principles of management argues that the remuneration should be sufficient to keep employees motivated and productive.There are two types of remuneration namely nonmonetary (a compliment, more responsibilities,credits) and monetary (compensation,bonus or other financial compensation).Ultimately,it is about rewarding the efforts that have been made.
Explanation:
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