Q.Justify the following statement.
Principle of equity is important.
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Start your 14-day free trial to unlock the full solution →Equity is one of Henri Fayol's 14 principles of management. It means a combination of kindliness and justice in dealing with employees. It is important because fair, unbiased treatment earns employee loyalty, satisfaction, better relations and willing cooperation — so the statement is justified.
Henri Fayol gave 14 principles of management, and Equity is one of them. Equity means that managers should be fair, kind and just towards all employees and should treat them equally, without discrimination on grounds of caste, religion, sex, language or personal liking. It is a blend of justice and good sense.
Why the principle of equity is important — justification
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Builds loyalty and devotion — When employees are treated fairly and kindly, they feel valued and develop a sense of loyalty and devotion towards the organisation.
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Creates job satisfaction — Fair treatment, fair wages and impartial decisions give employees satisfaction and a feeling of belonging, which improves morale.
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Secures willing cooperation — Employees who are treated justly cooperate willingly with management, which raises efficiency and productivity.
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Maintains cordial relations — Equity removes feelings of injustice and jealousy, reduces conflicts, and maintains healthy and cordial relations between management and workers.
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Reduces labour turnover and grievances — Fair treatment discourages employees from leaving and minimises complaints, strikes and disputes.
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