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Equity
Equity means combination of fairness, kindness & justice.
The employees should be treated with kindness & equity if devotion is expected of them.
It implies that managers should be fair and impartial while dealing with the subordinates.
They should give similar treatment to people of similar position.
They should not discriminate with respect to age, caste, sex, religion, relation etc.
Equity is essential to create and maintain cordial relations between the managers and sub-ordinate.
But equity does not mean total absence of harshness.
Fayol was of opinion that, “at times force and harshness might become necessary for the sake of equity”.
Order
This principle is concerned with proper & systematic arrangement of things and people.
Arrangement of things is called material order and placement of people is called social order.
Material order- There should be safe, appropriate and specific place for every article and every place to be effectively used for specific activity and commodity.
Social order- Selection and appointment of most suitable person on the suitable job. There should be a specific place for every one and everyone should have a specific place so that they can easily be contacted whenever need arises.
Discipline
According to Fayol, “Discipline means sincerity, obedience, respect of authority & observance of rules and regulations of the enterprise”.
This principle applies that subordinate should respect their superiors and obey their order.
It is an important requisite for smooth running of the enterprise.
Discipline is not only required on path of subordinates but also on the part of management.
Discipline can be enforced if -
- There are good superiors at all levels.
- There are clear & fair agreements with workers.
- Sanctions (punishments) are judiciously applied.
Initiative
Workers should be encouraged to take initiative in the work assigned to them.
It means eagerness to initiate actions without being asked to do so.
Fayol advised that management should provide opportunity to its employees to suggest ideas, experiences& new method of work.
It helps in developing an atmosphere of trust and understanding.
People then enjoy working in the organization because it adds to their zeal and energy.
To suggest improvement in formulation & implementation of place.
They can be encouraged with the help of monetary & non-monetary incentives.
Fair Remuneration
The quantum and method of remuneration to be paid to the workers should be fair, reasonable, satisfactory & rewarding of the efforts.
As far as possible it should accord satisfaction to both employer and the employees.
Wages should be determined on the basis of cost of living, work assigned, financial position of the business, wage rate prevailing etc.
Logical & appropriate wage rates and methods of their payment reduce tension & differences between workers & management creates harmonious relationship and pleasing atmosphere of work.
Fayol also recommended provision of other benefits such as free education, medical & residential facilities to workers.
Stability of Tenure
Fayol emphasized that employees should not be moved frequently from one job position to another i.e. the period of service in a job should be fixed.
Therefore employees should be appointed after keeping in view principles of recruitment & selection but once they are appointed their services should be served.
According to Fayol. “Time is required for an employee to get used to a new work & succeed to doing it well but if he is removed before that he will not be able to render worthwhile services”.
As a result, the time, effort and money spent on training the worker will go waste.
Stability of job creates team spirit and a sense of belongingness among workers which ultimately increase the quality as well as quantity of work.
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