Wages and salary administration, HR Management

Assignment Help:

Q. Wages and salary administration?

Meaning & definition: a wage (or pay) is the remuneration paid, for the services of the labour in the production, periodically to an employee / worker. "Wages" usually refers to the hourly rate paid to such groups as production and maintenance employee (blue colour workers).

According to the Yoder and Henaman, "wages are the compensation of wage earners, the numerous employees who use the tools and equipments for their employers to produce goods and services that are sold by their employers".

According to the P.M. Stochank, "wage is that labour's remuneration which creates the utility".

According to the benham, "wages means the amount paid to the labour for his services to the employer".


Related Discussions:- Wages and salary administration

Individual level of training needs, Levels of training needs: The asse...

Levels of training needs: The assessment of management training and development needs can be undertaken at different levels of generalization. Individual level: this is t

Describe the concept of corporate social responsibility, Question 1 (a)...

Question 1 (a) Describe the concept of Corporate Social Responsibility and elaborate on the forms and purpose of CSR as practiced by most organizations. (b) Illustrate with

Explain typical recruiting process, Question: Employees are among a com...

Question: Employees are among a company's most important assets. Without qualified and motivated employees, a company cannot succeed. (a) List the steps in a typical recruit

Explain marginal revenue productivity theory, Question 1: i) Using th...

Question 1: i) Using the marginal revenue productivity (MRP) theory explain how wages are determined under both perfect and imperfect competition? ii) Consider a firm is a

Desccribe human resource approach, Human resource approach: this approach ...

Human resource approach: this approach calls for treating every employee as a resource and an asset to the organization. An analysis of the cause is made, to find out whether indi

Define simulation, Q. Define Simulation? Simulation: it is an extension...

Q. Define Simulation? Simulation: it is an extension of vestibule training. The trainee work in closely duplicated real job conditions. This is essential in cases in which ac

International human resource management, International Human Resource Manag...

International Human Resource Management ACN Inc is a UK based company who wishes to expand in other markets. The company offers wide range of products. Presently it is central

Benefit of working in terms of strict h and a, What is the benefit to ...

What is the benefit to an organization of working in terms of strict H&S guidelines - The manager holds official and ethical duty to make sure that his or her e

Disadvantage of panel interview, Disadvantage of Interviewing: Interview...

Disadvantage of Interviewing: Interviewing is not free from limitations. 1.Its greatest drawback is that it is costly both in money and time. 2. The interview results are of

Explain the terms workforce diversity, Question: (a) Explain the terms...

Question: (a) Explain the terms ‘workforce diversity' and ‘diversity management'. (b) How can diversity be managed effectively? (c) Name the characteristics of an inte

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