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The principle of stability of tenure is highlighted in the given statement.

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Principle of Management Highlighted: Stability of Tenure of Personnel

Explanation:

The statement, "Once selected, an employee should be kept at their position for a minimum fixed tenure," highlights the principle of management known as stability of tenure of personnel. This principle emphasizes the importance of providing job security to employees by ensuring that they are not arbitrarily dismissed or transferred from their positions.

The stability of tenure principle recognizes that job security is critical to employee morale, productivity, and loyalty. When employees are confident that they will not lose their jobs without valid reasons, they are more likely to be committed to their work, take risks, and contribute to the organization's growth. Additionally, it reduces the costs associated with recruitment, training, and development of new employees.

The stability of tenure principle is essential for organizational success as it creates a stable working environment. It also ensures that employees have a sense of belongingness and trust in the management. When the employees see stability in the organization, they are more likely to be motivated and loyal towards the organization.

Benefits of Stability of Tenure Principle:

1. Enhanced Employee Morale and Motivation: Stable employment conditions provide employees with a sense of job security, which leads to increased job satisfaction and motivation.

2. Lower Employee Turnover: Employees are more likely to remain with the organization when they feel secure in their positions, reducing the costs associated with turnover.

3. Increased Productivity: Stable employees are more productive as they have a better understanding of their roles and responsibilities and are less likely to be distracted or worried about job security.

4. Lower Recruitment and Training Costs: By retaining employees for longer periods, organizations can avoid the costs associated with recruiting and training new employees.

In conclusion, the stability of tenure principle is crucial for organizations that want to create a stable working environment, enhance employee morale, and increase productivity. By providing job security, organizations can retain employees for longer periods and reduce the costs associated with recruitment and training.