Question

Principals of Taylor and Fayol are mutually complementary. One believed that the

management should share the gains with the workers, while the other suggested that

employees compensation should depend on the earning capacity of the company and

should give them a reasonable standard of living. Identify and explain the principles of

Fayol and Taylor referred to in the above paragraph.​

Answer 1

Answer:

Taylor ' s scientific management

ii) Harmony, not discord:-

He emphasized there should be complete harmony between workers and management .Both should realise each other's importance .Managers should share the gains of the company with workers and workers should work hard and embrace the changes takes place in company.

Fayol's management principles

vii) Remuneration of employees:-

employees should be paid fair wages, which should give them reasonable standard of living and it should be within paying capacity of the business.equitable wages/ salary should be provided so that ensures good relations between workers and management.