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
Correct Answer: Remuneration of personnel
Solution : The correct answer is (d) Remuneration of personnel.
The principle of remuneration of personnel emphasizes the importance of fairly compensating employees for their work and contributions to the organization. This includes providing appropriate wages, salaries, incentives, and benefits that are in line with industry standards and commensurate with an individual's skills, responsibilities, and performance. Ensuring fair compensation contributes to employee satisfaction, motivation, and overall organizational effectiveness.
