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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".
Performance-Based Compensation Paying employees on the basis of performance measurement. Instead of paying a person for time on the job, pay reflects productivity, performance
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