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Concept of Wage & Salary Administration

Concept of Wage & Salary Administration

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Published by amit_wani

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Categories:Types, Brochures
Published by: amit_wani on Oct 30, 2009
Copyright:Attribution Non-commercial

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04/05/2014

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CONCEPT OF WAGE & SALARYADMINISTRATION
By, Amit WaniRoll No.:- 58
 
Definition of Wages & Salary
Base wages and salaries are defined as thehourly, weekly and monthly pay that employeesreceive for their work in and Organization
 
Principles Governing CompensationAdministration
Maintaining Equity Maintaining CompetitivenessMatching Employee ExpectationsReinforcing positive employee behaviorEliminating any discrepanciesDevising a system that is most efficientOptimization of management and employeeinterestsMaintaining good IR and harmony 

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