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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".
Effective Human Resource management depends upon sound reward system.
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The more cohesive the group, the stronger its norms will be, and the more likely the group will be punitive and intense when deviant behaviour threatens important group interests.
Question 1: ‘The internet is having a major impact on business transaction because of different opportunities it offers.' Describe the 3 main responses to the development in
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the purpose of employee reward
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Q. Show factors influencing employee remuneration: 1. Labour market: demanded for and supply of labour influence wage salary fixation. A low wage may be fixed when the supply o
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