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Incentives+Ppt

Incentives+Ppt

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Published by amrendrakr09

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Published by: amrendrakr09 on Apr 11, 2010
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04/26/2013

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By:NAMRATA GUPTA
WAGES AND INCENTIVES
 
Wages
y
Definition:
y
Payment for labour or services to a worker,especially remuneration on hourly, daily or weeklybasis.
y
Wage payment is a matter of great importance toworkers.
y
It determines their standard of living, theirattitude towards the company and influencestheir motivation to work.
 
Ch
aracteristics
of Wage system
y
Simple & Equitable
y
Guaranteed minimum wage
y
Incentive-oriented
y
Cost-effective
y
Certainty

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