Remuneration

Remuneration [7]


  • Fayol believed that employees should receive a fair wage for their work, taking into account factors such as the nature of the job, the skills and qualifications of the employee. According to Fayol's research  fair pay ensures staff are happy, which promotes better productivity and loyalty. In turn, both the firm and its workers benefit. 


  • Moreover he further stressed that wages and salaries should be set considering the complexity of the tasks performed, the level of responsibility, and the overall economic conditions as well as the importance of providing additional incentives, such as bonuses, to encourage employees to go above and beyond their regular duties.


  • In conclusion, he believed that just compensation based on employees' contributions, not only motivated the workforce but also improved interpersonal relationships productivity within the firm.

Emma



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