Objectives of wage and salary administration, HR Management

Assignment Help:

Objectives of wage and salary administration:

1. Reward employees according to the effect and merit.

2. Attract and retain the services of desirable employees.

3. Get improved employee morale and productivity.

4. Keep labour cost within reasonable limits so as to safe guard the interests of share holders, competitive worth of the org and its product and profitability.

5. Pay employee according to the importance and difficulty of the job.

6. Incorporate legal requirements.

7. Facilities payroll administration, budgeting and wage and salary control.

8. Simplicity collective bargaining.

9. Explain to the employees how and why they are paid.

10. Facilitate employee organizational flexibility.


Related Discussions:- Objectives of wage and salary administration

Balancing Employee Benefits, #queYou have a benefit eligible population of ...

#queYou have a benefit eligible population of 200 employees (all full time) with a gross annual payroll of $11.25 million. Your target benefit cost for all discretionary benefits

Psychometric tests, 1. "Because the selection interview lacks both validity...

1. "Because the selection interview lacks both validity and reliability it should be replaced by other methods of selection. Psychometric tests and Assessment Centres have much mor

Increase efficiency of employees, Q. Increase efficiency of employees? ...

Q. Increase efficiency of employees? Increased efficiency of employees: the efficiency of employees would be high when they are asked to participate in decision making. The com

Needs for human resource development, Q. Needs for Human resource developme...

Q. Needs for Human resource development? Human resource development is needed to develop competencies: no organizations can survive let alone make a mark, if its employees are

What are the techniques used for data mining, What are the techniques used ...

What are the techniques used for data mining? Statistical techniques, e.g., regress ional analysis, discrimination analysis, factor analysis, principal component analysis, wor

Issues relating to employee recruitment, Question 1: a) Critically dis...

Question 1: a) Critically discuss the issues behind the reality and rhetoric practice of HRM in modern organizations. b) Discuss the various drivers of retention you would

Types of incentive schemes, Types of incentive schemes: incentive schemes ...

Types of incentive schemes: incentive schemes are many and varied. The international labour organization (ILO) classifies all the schemes of payment by the result into four catego

Recruitment or decruitment, Recruitment or Decruitment Outline the rol...

Recruitment or Decruitment Outline the role of HRM and these specific HRM functions in the context of their importance to an organisation. Individual Components 1.  Disc

Assignment, Reason why some companies do not pay suficient attention to sta...

Reason why some companies do not pay suficient attention to staff induction

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd