Question

Explain the following principle of management:

Stability of personnel

Answer 1

1. The principle of Stability of Personnel highlights the significance of keeping employees within an organization for an extended duration.
2. High staff turnover can result in inefficiency, delays in operations, and higher expenses associated with hiring and educating new personnel.
3. When employees experience job stability and a sense of security in their roles, they tend to show greater commitment, develop their skills, and effectively contribute to the organization's objectives.
4. This principle highlights the advantages organizations gain by focusing on keeping employees and promoting a positive workplace atmosphere.