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Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?

 

Option 1: Unity of command

Option 2: Division of labor

Option 3: Esprit de corps

Option 4: Remuneration of personnel


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Remuneration of personnel


Solution : The correct answer is (d) Remuneration of personnel

The principle of "Remuneration of personnel" in management emphasizes providing fair and equitable compensation to employees for their efforts and contributions to the organization. It involves offering appropriate wages, salaries, bonuses, incentives, and other forms of compensation to ensure that employees are fairly rewarded for their work. XYZ Apparel Company's belief in providing fair and equitable compensation aligns with the principle of remuneration of personnel, reflecting their commitment to valuing and compensating their workforce appropriately.

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