SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.
The principle of management followed by Wales Limited is stability of personnel. According to Fayol, employee turnover should be minimized to maintain organizational efficiency. The employees should be selected after the rigorous procedure and ones selected they should be kept at their position for a minimum fixed tenure. They should be given a reasonable amount of time to show the result.
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