Which principle of general management advocates that, “Employee turnover should beminimised to maintain organisational efficiency.”?
Question
Which principle of general management advocates that,
"Employee turnover should be minimised to maintain organisational efficiency."?
Solution
The principle of general management that advocates for minimizing employee turnover to maintain organizational efficiency is known as the "Stability of Tenure of Personnel." This principle emphasizes the importance of retaining employees for a longer duration, as high turnover can lead to increased costs related to recruitment, training, and loss of organizational knowledge. When employees remain with an organization longer, they become more proficient and efficient in their roles, contributing to overall stability and productivity. Maintaining a stable workforce also fosters a better organizational culture, enhances team collaboration, and results in improved morale among existing employees. This principle is essential for organizations aiming to optimize performance and ensure continuity in their operations.
Similar Questions
What innovative strategies can enhance employee engagement and reduce turnover rates?
Significance of the study about the impact of employee turnover intentions on organizational performance of Jubilee Insurance Uganda
The principle of departmentalization means that employees are separated based on their ?FunctionsPositionMotivationBehavior
11 Assess the advantages and disadvantages of using labour productivity asa measure of efficiency. (15 marks)
Which of the following is part of the principles of management identified by Henry Fayol?Choose one optionEfficiencyInnovationMotivationScalar chain
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.