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PhD, NET(UGC), MBA (Finance), M.com (Finance), B.COM (professional), B.Ed (Commerce + English), DIM, PGDIM, PGDIFM, NIIT Accounting package...

Tuesday, June 23, 2020

STABILITY TO TENURE OF PERSONNEL


'STABILITY' means no frequent change, termination and transfer etc. It means that, in an organisation whenever an employee is appointed for a job, he/she shouldn't be removed from that position frequently. The management of the organisation should ensure that there must be stability in the job and frequent changes and shuffling of position should be avoided.



When one feels secure at his job, he/she contributes maximum of his capability towards the organisational objectives. Stability also helps the employee to know each and every aspect of the job with the passage of time which consequently helps in performing the job with greater efficiency and minimum wastage. It creates a sense of belonging-ness towards the job and the organisation.

An organisation following the principle of stability achieves its objectives effectively and efficiently with the maximum contribution from their employees. The employees of such organisation always feel satisfied and thus are the productive factor for the organisation. But if this principle is violated i.e. if the employees are frequently transferred from one position to another or employee turnover, they will feel dissatisfied and will not perform with their full potential leading to non-achievement of the organisational objectives or under utilisation of resources as well as wastage.


Positive impacts of this principle:
  • Develops sense of belonging-ness towards the organisation.
  • Improves the efficiency level of employees.
  • Minimises the wastage of resources.
  • Employees satisfaction.
  • Better accountability.
  • Saves time.


Consequences of violation of this principle:
  • Non-achievement of the organisational objectives
  • Lack of employees participation.
  • Wastage of resources and time.
  • Dissatisfaction
  • Adds to cost.

STABILITY TO TENURE OF PERSONNEL

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