BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

PRINCIPLES AND PRACTICE OF MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Employeee turnover should be minimised to maintain organisational efficiency.Which principle is being mentioned?
A
STABILITY OF PERSONNEL
B
FAIR REMUNERATION
C
ESPIRIT DE CORPS
D
EQUITY
Explanation: 

Detailed explanation-1: -Stability of Tenure: According to Fayol. “Employee turnover should be minimized to maintain organizational efficiency”.

Detailed explanation-2: -12. Stability of Tenure of Personnel. This principle states that an organization should work to minimize staff turnover and maximize efficiency.

Detailed explanation-3: -Which principle of general management advocates that, “Employee turnover should be minimised to maintain organisational efficiency.”? (a) Stability of personnel.

Detailed explanation-4: -Stability of tenure of Personnel refers to no frequent termination and transfer. According to this principle, the management should provide the feeling of job security among the employees because with the feeling of insecurity they will not contribute their maximum in the organisation.

Detailed explanation-5: -Why Is Reducing Employee Turnover Important? Reducing employee turnover impacts company profitability. Having enough people with the right skills is obviously crucial to delivering on business plans and objectives. Additionally, finding the right people is getting more challenging (and costly).

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