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    Factors Influencing Wage and Salary Structure and Administration

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    kamdica
    The document discusses factors that influence wage and salary structures, including an organization's ability to pay, supply and demand of labor, market rates, cost of living, productivity, unions' bargaining power, job requirements, and managerial attitudes. It also outlines how wages and salaries are typically administered through personnel departments or committees. Principles of administration include pay varying based on skills, general wage levels proportionate to market rates, and equal pay for equal work. A case study of a large textile manufacturer is briefly described. Regulations related to minimum wage, fair wage, and living wage in India are also mentioned.

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    Factors Influencing Wage and Salary Structure and Administration

    Uploaded by

    kamdica
    24K views11 pages
    The document discusses factors that influence wage and salary structures, including an organization's ability to pay, supply and demand of labor, market rates, cost of living, productivity, unions' bargaining power, job requirements, and managerial attitudes. It also outlines how wages and salaries are typically administered through personnel departments or committees. Principles of administration include pay varying based on skills, general wage levels proportionate to market rates, and equal pay for equal work. A case study of a large textile manufacturer is briefly described. Regulations related to minimum wage, fair wage, and living wage in India are also mentioned.

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    Factors influencing wage and salary structure and administration

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    Factors influencing wage and salary structure and administration

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    The document discusses factors that influence wage and salary structures, including an organization's ability to pay, supply and demand of labor, market rates, cost of living, productivity, unions' bargaining power, job requirements, and managerial attitudes. It also outlines how wages and salaries are typically administered through personnel departments or committees. Principles of administration include pay varying based on skills, general wage levels proportionate to market rates, and equal pay for equal work. A case study of a large textile manufacturer is briefly described. Regulations related to minimum wage, fair wage, and living wage in India are also mentioned.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    24K views11 pages

    Factors Influencing Wage and Salary Structure and Administration

    Uploaded by

    kamdica
    The document discusses factors that influence wage and salary structures, including an organization's ability to pay, supply and demand of labor, market rates, cost of living, productivity, unions' bargaining power, job requirements, and managerial attitudes. It also outlines how wages and salaries are typically administered through personnel departments or committees. Principles of administration include pay varying based on skills, general wage levels proportionate to market rates, and equal pay for equal work. A case study of a large textile manufacturer is briefly described. Regulations related to minimum wage, fair wage, and living wage in India are also mentioned.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 11

    For more Notes, Presentations,

    Project Reports visit

    a2zmba.blogspot.com
    hrmba.blogspot.com
    mbafin.blogspot.com
    Is
    Compensation =
    My Inputs and Contributions
    Factors influencing wage and salary
    structure and administration
    • The organizations ability to pay;
    • Supply and demand of labour;
    • The prevailing market rate;
    • The cost of living;
    • Living wage;
    • Productivity;
    Factors influencing wage and salary
    structure and administration
    • Trade unions bargaining power
    • Job requirements
    • Managerial attitudes
    • Psychological and sociological factors
    • Levels of skills available in the market
    Administration of Wages and
    Salaries
    Handled by:-
    – Personnel department
    – Or committee who’s major functions are
    • Approval to management on job evaluation methods
    • Review of basic wage and salary structure
    • Help in the formulation of wage policies
    • Co-ordination of relative departmental
    • Review of budget estimates
    PRINCIPLES OF WAGES AND
    SALARY ADMINISTRATION
    • Pays varies as per skills required
    • General level of wages should be
    proportionate with existing labour market
    rates
    • Equal pay for equal work
    CASE STUDY

    MTB PRIVATE LIMITED


    MTB PRIVATE LIMITED
    Facts File:
    • Employee strength=400
    • 2nd largest cloth manufacturing company in
    Nashik.
    • Contractual and Permanent type of labour
    HORROR STORIES IN INDIA
    • BHARAT OPTHALMIC GLASSES
    • National Textile Corporation
    • Hindustan Fertilizer Corporation Ltd.
    Haldia
    • Heavy Engineering Corporation
    Wage Policy in India
    • Minimum Wage
    • Fair wage
    • Living wage
    State regulation of wages
    • Minimum wages act, 1948
    • Payment of Wages Act, 1936
    • For more Notes, Presentations, Project Reports
    visit
    • a2zmba.blogspot.com
    • hrmba.blogspot.com
    • mbafin.blogspot.com

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