What is the expected outcome of ensuring just and equitable remuneration, according to the principle of 'Remuneration of employees'?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- Congenial atmosphere and good relations between workers and management.
The overall pay and compensation should be fair to both employees and the organisation. The employees should be paid fair wages, which should give them at least a reasonable standard of living. At the same time it should be within the paying capacity of the company. In other words, remuneration should be just and equitable. This will ensure congenial atmosphere and good relations between workers and management. Consequently, the working of the company would be smooth.