Question

Write a report to the Managing Director of the Cement Company on the demand of Factory Workers for increase in wages​

Answer 1

Answer:

1- Principle of remuneration

2- Principle of remuneration- Fayol is of the view that each employee must get fair remuneration so that the employee, as well as the owner, gets the same amount of satisfaction. The remuneration system must be such which provides for the adequate remuneration to the employees, motivates the employee to perform better, and may ensure safety & security, raise the standard of living of the employees.

you can add these points

Answer 2

Explanation:

To,

Factory Director,

Lucknow Cement Company

Respected Sir,

This is Mr Ayush, compensation and benefits Manager of Lucknow Cement Company. Sir i would like to bring your attention to a serious problem that is arising in the factory for some time. Our factory workers are demanding for the annual increase in salary and they have involved worker union in this also who is putting pressure on us to fulfill the annual practice.

Sir last year we didnt raise workers salary because of covid crisis but this year it will be difficult to hold them. Kindly advise and give your valuable decision on this.

Regards,

Mr Ayush,

Compensation and benefits Manager,

Lucknow Cement Company