Answer: Yes, the principle of equity is important because fair and kind treatment of employees wins their loyalty and devotion.
- Equity is one of Henri Fayol’s 14 principles of management. It means that managers should be fair, just and kind in dealing with subordinates.
- There should be no discrimination on the basis of caste, religion, sex, language or region. Rules should apply equally to all.
- When employees are treated with equity, they develop loyalty and devotion towards the organisation and give their best efforts.
- It creates a healthy work environment, good human relations and reduces conflicts and labour turnover.
- Equity combined with justice improves morale and efficiency.
Thus, the principle of equity is important.