what is wage and salary administration
objectives of wage and salary administration-
Function of Wage& Salary administration
Process of Wage& Salary administration
difference between salary and wages-
2. Base wages and salaries are defined as
the hourly, weekly and monthly pay that
employees receive for their work in an
Organization.
Thus, Wage & Salary Administration is
the group of activities involved in the
development, implementation&
maintenance of a pay system.
3. 1. Reward employees according to
effect and merit.
2. Attract and retain the services of
desirable employees.
3. Get improved employee moral and
productivity.
4. Pay employees according to the
importance and difficulty of the job.
4. 5. Incorporate legal requirements.
6. Simplify collective bargaining.
7. Explain to employees how and why
they are paid.
8. Facilitate employee organisational
flexibility
5. To recommend changes in wage
policies and in the salary of wage level.
To recommend top management
specific raises for executives above a
specified limit.
To check all activities of salary
administration group against the
company policies.
6. To approve in a board policy
determining manner, the system of
job description and job evaluation.
To review wage and salary schemes
department wise.
To recommend to top management
the wage policies for the
administration of wage programme .
8. difference between salary and wages-
WAGES
Paid to BLUE Collared
On Daily, weekly,
Monthly
Can be measured in
terms of money
SALARY
Paid to WHITE collared
Employees
Paid at specified Intervals
Paid to Employees whose
contribution can be
measured