Archive | Wages

Payment of Wages

Wage payment system consists of the pay structures and the methods used to motivate and reward work force for their contribution to the goals of the organisation. Various systems of the wage payments have been developed in different industries and in different countries. All of these systems may, however, be regarded as variants or combinations of different principles of time-rate [...]

By |2022-12-02T20:50:57+05:30October 24, 2020|Wages|Comments Off on Payment of Wages

Wage and Salary Administration

Wage and salary administration is defined as the process by which wage and salary levels and structures are determined in organisational settings. Wages are payments for labour services rendered frequency, expressed in hourly rates, while a salary is a similar payment, expressed in weekly, monthly or annual rates. Thus the term 'wage' frequently connote payments in terms of the number [...]

By |2022-12-02T20:48:30+05:30November 11, 2019|Wages|Comments Off on Wage and Salary Administration

Wage Policy

Everything you need to know about wage policy. The term "Wage Policy" refers to legislation of government action undertaken to regulate the level or structure of wages or both for the purpose of achieving specific objectives of social and economic policy. The social and economic aspects of wage policy are normally inter-related measure inspired by special considerations; inevitably have economic [...]

By |2022-12-02T14:24:31+05:30September 28, 2019|Wages|Comments Off on Wage Policy
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