Question

The principle of management explaining the importance of fair payment to workers. Answer in a word / phrase / term.

Answer 1

remuneration to employees is the answer

Answer 2

The principle of management explaining the importance of fair payment to workers is called the principle of Remuneration.

This principle explains that efficient and timely remuneration are keep motivators for employees to produce their best efforts in the interest of the business and thus it should be ensured that the compensation should be enough to keep the employees happy.