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

Define the term reward strategy, Question 1: (a) Define the term ‘rew...

Question 1: (a) Define the term ‘reward strategy' and describe the main phases of the formulation process of a reward strategy. (b) Describe the ‘equity theory' motivation

Hr is our major source of competitive advantage, QUESTION Case Study ...

QUESTION Case Study The richest man in the world, feted by presidents and prime ministers, Bill Gates sees no activity as more important than meeting superior candidates

Attitude measurement, Attitude Measurement : Deriving accurate measurem...

Attitude Measurement : Deriving accurate measurements of the strength of attitudes (or opinions or beliefs) from quantitative data is not straightforward, as each individual re

What are the characteristics of a learning organisation, Question 1: Wh...

Question 1: What are the different reward systems that can be used to enhance performance in an organisation? Question 2: The concept of industrial relations has evolve

Clothing as a management consultant , explain what Oz Clothing''s strategic...

explain what Oz Clothing''s strategic business objectives might have been in the past and discuss how they may have affected IR policies and practices?

Ineffective organizational policies and practises, Ineffective organization...

Ineffective organizational policies and practises: If the sincere appraisal effort put by in a ratter is not suitably rewarded, the motivation to do the job thoroughly finishe

Critically reviewing and evaluating the literature, It is important to reme...

It is important to remember that the review needs to comprise a critical evaluation of the subject area through the books and articles. You need to appraise the arguments and vie

What do you understand by the term job in relation to hrm, Question 1: ...

Question 1: (a) What do you understand by the term "job" in relation to HRM? (b) Explain the differences between:- (i) Job and task (ii) Job analysis and job Evaluation (i

Merits and demerits of role playing method, Q. Merits and Demerits of Role ...

Q. Merits and Demerits of Role playing method? Merits: 1. The trainees learn more effectively by doing. 2. Human sensitivity and interactions are stressed. 3. Immed

Consequences of an unlawful termination, Question 1: "Remuneration of a...

Question 1: "Remuneration of an employee is at the centre of the employer/employee contractual relationship". Analyse critically this statement whilst referring to the exten

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