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 beminimised to maintain organisational efficiency.”?
Solution
The principle of general management that advocates that "Employee turnover should be minimized to maintain organizational efficiency" is the Stability of Tenure of Personnel. This principle is part of Henri Fayol's 14 principles of management. Fayol believed that employees work better when job security and career progress are assured to them. An organization with a high employee turnover rate will spend a lot of time on training new employees which can decrease organizational efficiency.
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A possible benefit of high labour turnover for a business is:
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