Q43. Discuss the main principles of remuneration.
Ans. Principles of remuneration are:
- Wages rate should guarantee minimum wages.
- Wages rate should be such to maintain the worker a reasonable standard of living.
- Wages rate should be related to skill, efforts and responsibilities of worker.
- It should be such to enable a worker to increase his wages by doing extra efforts.
- Separate wages rate for different workers.