Discussionof Principles of Management
Thetopic under discussion is the principle of remuneration. This topicentails employees receiving wages that suit the amount of work theyperform for the organization. I chose this topic since I see it as afundamental principle that guarantees better performance from theemployees and greater satisfaction with the management (Rudani,2013). Eventually, the organization tends to benefit greatly.
Everyperson seeks employment to earn their keep so that they can improvetheir status of life. Thus, an employee’s basic goal is wageswhereas the manager’s goal is job satisfaction (Rudani, 2013). Forthese two groups to benefit, each of their requirements should bemet. Once employees receive the wages that equals the amount andquality of work they do for business, they become motivated. Theleadership of the organization is also able to get the right standardof input that they require. It fosters a better relationship betweenthe workers and the management as both feel that they receive whatthey want (Rudani, 2013). Proper wages also tend to make theemployees feel appreciated and motivated. This situation makes themput in more effort into the work that they do (Rudani, 2013).Consequently, the business will have a better performance that wouldlead to more profit generation. Finally, proper payment to workersraises their standards of living, which, in turn, benefits thesurrounding community indirectly. This community is usually theconsumer base for the organization, and therefore fair remunerationbecomes an added advantage to the business, although, indirectly(Rudani, 2013).
Toimprove this principle of remuneration, a proper system should bedeveloped. The management could create a mechanism that monitors theamount of work that every employee does. This mechanism could assesswhether these workers are reaching their target or even supersedingit. Employees that beat the target should be able to receive bonuses,and this would create a friendly competition within the organization(Rudani, 2013).
Rudani,R. B. (2013). Principlesof Management.Tata McGraw-Hill Education.