Tag Archives | Wages

Theories of Wages

Everything you need to know about the theories of wages. Wage means "any economic compensation paid by the employer under some contract to his workers for the services rendered by them". It includes family allowance, relief pay, financial support and other benefits. In the narrower sense wages are the price paid for the services of labour in the process of [...]

By |2019-10-21T12:09:05+05:30October 21, 2019|Theories of Wages|Comments Off on Theories of Wages

Wage Determination Process

Everything you need to know about the wage determination process. Wage determination is a complex process. The steps involved in determining wage rates involves performing job analysis, wage surveys, analysis of relevant organisational problems, forming wage structure, framing rules of wage administration, explaining these to employees, assigning grades and price to each job and paying the guaranteed wage. The process [...]

By |2019-09-28T11:07:46+05:30September 28, 2019|Wage and Salary Administration|Comments Off on Wage Determination Process

Factors Influencing Wage and Salary Administration

Everything you need to know about the factors influencing wage and salary administration. 'Wage and Salary Administration' refers to the establishment and implementation of sound policies and practices of employee compensation. It includes such areas as job evaluation, surveys of wages and salaries, analysis of relevant organisational problems, development and maintenance of wage structure, establishing rules for administering wages, wage [...]

By |2019-08-29T06:49:44+05:30August 29, 2019|Human Resource Management|Comments Off on Factors Influencing Wage and Salary Administration
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