Mr. Ram stared a small business with limited investment, he hired labour and them very less wages over the time with broad vision of Ram and hard work of his employees. The business started earning very good revenure but with increase in earning capacity of campany also Ram did not increases the wages and salary of his employees, they were not able to maintain a reasonable standared of living.
Identify the principle of management, overlook by Mr. Ram.

Explanation

Principle of remuneration as it states the comensation of employees depend on the earning capacity of the company and should given them reasonable standard of living.