Question

Fayol points out the cost of unnecessary labour turnover in one of his principles of management. Name that principle.

Answer 1

Fayol points out the cost of unnecessary labour turnover in his principle of stability of tenure of personnel. This principle talks about the stability of worker's job which makes him feel secure. Frequent changes in job or shuffling have a very adverse effect on the worker. With the passage of time, the worker becomes knowledgeable which helps in performing the job with minimum wastage and greater efficiency.