According to Fayol, how should the unit decide the remuneration of the

1.	According to Fayol, how should the unit decide the remuneration of the employees?
Answer» Remuneration of personnel: The return or reward given to the employees against the service they render is called remuneration. Fayol says that employees of company should be paid suitable and ideal wages. This makes owner-employee relation stronger. In a unit, all employees do not work with the same efficiency. Some employees show higher efficiency,than other. Such employees should be given more wages or rewards compared to other. This will keep the employees loyal towards the unit and stop them from leaving the job. The unit should also put into practice promotional schemes like bonus, profit sharing, representation in management committee, etc.

According to Fayol, how should the unit decide the remuneration of the employees?

Answer»

Remuneration of personnel:

The return or reward given to the employees against the service they render is called remuneration.
Fayol says that employees of company should be paid suitable and ideal wages. This makes owner-employee relation stronger.
In a unit, all employees do not work with the same efficiency. Some employees show higher efficiency,than other. Such employees should be given more wages or rewards compared to other. This will keep the employees loyal towards the unit and stop them from leaving the job.
The unit should also put into practice promotional schemes like bonus, profit sharing, representation in management committee, etc.