Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gains with workers,
Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gains with workers, while the other suggested that employees compensation should depend upon the earning capacity of the company and should give them a reasonable standard of living. Identify and explain the principles of Fayol and Taylor referred in the above para.
1 Answers
(a) 'Harmony not discord': Taylor emphasised that there should be complete harmony between the management and the workers. Both should realise that conflict between them is not going to help any one. Taylor called for complete Mental Revolution on the part of both the management and workers. To achieve this, management should share the gains of the company if any, with the workers. At the same time workers should work hard and be willing to embrace change for the betterment of the company. He advocated for Mental Revolution i.e. change in mindset of both the management and workers. Both should realise that their objective is one and it lies in the prosperity of the organisation only.
(b) Fayol's principle of fair remuneration: 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 organisation. In other words, remuneration should be just, and fair. This will ensure congenial atmosphere and good relations between workers and management. Consequently the working of the company would be smooth.