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NICK (SP)

NICK (SP)

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Published by Gaurav Parmar

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Published by: Gaurav Parmar on Nov 23, 2010
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12/04/2013

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Wages & Salary administration refers to the establishment implementation sound
policies of employee compensation. Wages & Salary are given to employee as a reward for their
contribution to production process.

Usually wages refers to hours rate paid to such group of production and maintenance employee
whom we call as blue collar worker while on the other hand salary refers to monthly paid to
clerical administration and professional employees i.e. white collar workers.

There are two systems by which wages to be paid to the workers.

Time wages system

Piece wage system

The IRIL gives good rate of salary to the staff and worker.

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