Selecting

Employees
Chapter 7
Wage and
Salary
Administration
Lecture#7
(Chapter 13)
Wages
Salary
Types of Wages
Wage and Salary Administration
Objectives

the main objective of wage and salary
administration is to have a scentific, rational and
balanced wage and salary structure.
To attract qualified and competent personnel
Wage and Salary
Administration(Cont'd)
Objectives
To retain the present employees by keeping wage levels in tune
with competing units
To control labour and administrative costs in line with the ability
of the organization to pay
To improve motivation and morale of employees and to improve
union-management relations
To project a good image of the company and to comply with
legal needs relating to wages and salaries
It includes allowance, leave facilities, housing, travel etc and non
cost rewards such as recognition, privileges and symbol of
status.


Meaning of Wage and Salary
Administration
Wage and Salary Administraton is the group of activities
invloved in the development, implementation and
maintenance of a pay system.

It can also be called the ongoing process of managing a
wage and salary structure.
Difference between Wage, Salary and
Compensation
Factors influencing Wage and Salary
Factors influencing Wage and Salary
Time-Rate and Piece-Rate wages
Time-Rate and Piece-Rate wages
Time-Rate and Piece-Rate wages
Taylor's Differential Piece-wage
system
Halsey Premium Plan
Minimum Wages, Living Wages and
Fair Wages
Minimum Wages, Living Wages and
Fair Wages
Dearness allownace
Argument against Dearness allownace
Development of a pay system
Development of a pay system