Procedure of wage and salary administration, HR Management

Procedure of wage and salary administration: the basic steps in the process of setting wages and salaries of employees are:

Step 1: job analysis: formulation of job description and job specification - firstly the job is thoroughly analyzed and identified through time and motion and other studies in the terms of its requirements, difficulties, responsibilities etc and job descriptions are prepared to state the characteristics of the job. Job description and particularly job specifications describe the mark to be performed. Responsibility involves the skill and training required the conditions under which the work has to be performed and type of personnel required for the job, personnel qualities required.

Step 2: job evaluation: when the worth of each job has been established they are classified and then their relationships are established. Job evaluation is the operation of evaluating a particular job in the relation to the other jobs either within or without the organization. Thus, relative value or worth of all jobs is determined and job structured is prepared.

Step 3: pricing job structure: then the prices are related or determined for the each job. Pricing job structure to form wage and salary, structures involves numerous and complex considerations including compensation, legislation existing wage rates, union demands, cost of the living and labour costs. It may also be influenced by consideration related to price of products in the competitive market cost of the labour substitute profits and other factors of primary and general importance.

Step 4: method of wage payment: when the wage structure has been priced, methods of payment should be set up to pay employees. The basic system may sometimes incentive system of payment and extra payments are also associated with the basic system.

Step 5: evaluation of the wage and salary administration: the last step is to evaluate the efficiency of the wage and salary administration, principals, policies, procedures etc.

Posted Date: 6/21/2013 5:56:53 AM | Location : United States







Related Discussions:- Procedure of wage and salary administration, Assignment Help, Ask Question on Procedure of wage and salary administration, Get Answer, Expert's Help, Procedure of wage and salary administration Discussions

Write discussion on Procedure of wage and salary administration
Your posts are moderated
Related Questions
Problem 1: (a) Explain the determinants of international trade through the use of the Heckscher-Ohlin theoreom, Product-life cycle theory and Dunning's Eclectic theory. (b)

Q. Show the Objectives of interviews? 1. To get an opportunity to judge an applicant's, qualifications and characteristics as a basis for sound selection and placement. On the

Question 1: (a) What would you consider as the critical qualities of a project manager? Please explain with examples. (b) What would you define as the key principles he wou

Q. Explain Induction period? Induction period: a good induction should cover the following: 1. The company, its history and products process of production and major operatio

.Should benching be a matter of concern at delta?

The scope of Organizational Behaviour must be looked at in terms of its adequacy. The scope considers the study of behavior within organizations with respect to individuals, groups

Question 1: "Organisations achieve their goals by creating, communicating and operating an organizational behaviour system. Organizational behavior system defines organizat

The first step in carrying out any kind of academic research is to take stock of the existing knowledge about the problem or issue under consideration. This involves the identifica

Borderless world, Diversity Management, and Knowledge power, are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business world”. Ho

Argue the importance of succession planning and career pathing. Explain and critically evaluate the strategies that you would employ as  a human resource manager promote succession