This document discusses wages, salaries, and compensation. It covers topics like developing a pay system, factors that affect wage levels, distinguishing wages, salaries and compensation, principles of compensation administration, types of compensation (direct, indirect, incentive plans), concepts of different wage types (minimum, fair, living), wage boards and pay commissions, payroll processing, and the evolution of compensation systems. It provides information on administering pay and benefits for employees.
In this presentation, we will understand the process of wages and salary administration, job evaluation for administering wages and salary, designing a salary structure, determination of pay and salary administration of top executives.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
In this presentation, we will understand the process of wages and salary administration, job evaluation for administering wages and salary, designing a salary structure, determination of pay and salary administration of top executives.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Meaning of performance appraisal, objectives of performance appraisal, methods of performance appraisal and limitations. Principles and techniques of wage fixation, job evaluation, compensation -meaning of compensation, objectives of compensation.
Meaning of performance appraisal, objectives of performance appraisal, methods of performance appraisal and limitations. Principles and techniques of wage fixation, job evaluation, compensation -meaning of compensation, objectives of compensation.
Myhrsoft is an HR services based company which provides Payroll outsourcing Solutions and it is a leading in providing solutions across the HR solutions.
Business requirement/Initial Understanding Questionnaire for HR Processes independent of Technology and systems. Can help in preparing Scope, RFP, RFQ etc.
It is important to ensure that the approach taken is guided by the compensation philosophy and is applied consistently. Ensuring that established guidelines are followed will prevent offering a compensation package so tailored to a person that the organization is jeopardized by having too heavy a financial burden or that flexible arrangements actually hinder the critical work from being completed. It takes a carefully crafted balance between the organizational needs and the individual considerations to arrive at the optimal compensation structure.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
Underpayment of wages is not a new phenomenon. However, the recent proliferation of what is being called
wage theft is occurring across a range of occupations, labour market segments and
business models.
Employers who underpay workers could be forced to name and shame themselves with public signs admitting their wage theft as part of industrial relations reforms Attorney-General Christian Porter is considering.
Businesses which fail to prevent wage underpayment could also be banned from hiring migrant workers for a period of time, and company directors disqualified from holding office.
A payroll administrator definitely makes these complex procedures a lot easier for the company and at Streamfix payroll services in nagpur, we can help you find one.
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There Is given link of all lectures u can Prepare it by our YouTube Chanel
Lecture-1 https://www.youtube.com/watch?v=7bdKCkAwsBA
Lecture-2 https://www.youtube.com/watch?v=0aoxADobfmw
Lecture-3 https://www.youtube.com/watch?v=qjEkeWwcTyk
Lecture-4 https://www.youtube.com/watch?v=Svhq7dYcmaQ
Case study word report on Bob's Approach to Job Analysis and Compensation Is...Sadam Hussain ✅
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Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
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Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
2. Developmentof A PaySystem
Review of JobDescription
Conduct JobEvaluation
PayStructure
Gather WageSurvey Information
Administer IndividualPay
Adjustments
Monitor & Upgrade PaySystem
3.
4. FactorsAffectingWage/SalaryLevels
• Remuneration in comparableindustries
• Firm’s ability to pay
• Relating to priceindex
• Productivity
• Costof Living
• Union Pressures & Strategies
• Government Legislations
5. WAGES & SALARYADMINISTRATION
DEFINITIONWAGES& SALARY
• Basewagesand salaries are defined asthe
hourly, weekly and monthly pay thatemployees
receive for their work inan Organization.
• Canterm it ascompensationmanagement.
• Thus,Wage &SalaryAdministration is the group
of activities involved inthe
development, implementation& maintenanceof
a paysystem.
12. Concepts of
DifferentWagesMINIMUM WAGES:
Minimum amount of remuneration paid to workes.
Under Minimum WagesAct1948.
FAIRWAGES:
Workers performing work of equal skills, difficulty orunpleasantness
should receive equal or fairwages
Match the prevailing wagerates
LIVING WAGES:
Living wages should enable the male earner to provide for himself and his
family, not only the bare essentials of food, clothing and shelter, but also a
measure of frugal comfortincluding:
Education for the children , Protection against ill-health,Requirements of
essential social needs, AMeasure of insurance against the more
important misfortunes including oldage
17. Trainings
• Thisprogram focuses on building abroad understanding of
compensation, and covers:
• HR’srole incompensation
• Components of total compensation
• Lawsand regulations affecting compensation programs
• Independent contractors
• Indirect compensation (benefits) programs
• Legally required programs
18. • Who ShouldAttend?
• Thisfundamental program is designed for HR
practitioners just entering the field, established HR
employees with little or no formal training, other
employees who have responsibilities that fall under the
HRumbrella, and business owners and managers
without HRdepartments.
