File Name: salary and wages administration .zip
A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages , where each job, hour, or other unit is paid separately, rather than on a periodic basis. From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded on payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Salaries and wages administration is an essential factor that determine to success and failure of any organization. This system of motivating workers is very important for every organization to take proper consideration through salaries and wages as a factor of motivation can work to some extent, which means they have limitation in motivating workers to effectively if when they are not apply in proper way. According to Edward Flippo salaries and wages administration is one of the essential ways of managing an organizations employees which is called personal management which involves planning, organizing, directing and Controlling of the procurement, development compensation, integration, maintenance and separation of human resources to the end that individual, organizational and societal objectives are accomplished. Wayne F. And it is a critical component of the employment relationship. According to John Wales , money as a factor which serves as a potential dissatisfies if not present in an appropriate quantity but starting us on essential satisfier or positive motivation. It is apply in an appropriate way.
This work is concerned with salaries and wages administration in Nigeria public sector, a case study of Olamaboro Local Government Area of Kogi State. It is on this premise that the study is set to evaluate and highlight the significances of salaries and wages as factors towards achieving the aims and objectives of an organization. The employers of labour are aware of the fact that salary is also one way of motivating workers in an organization. The research design used in this study is descriptive research method. The sample used is and the sampling technique simple random technique. The sources of data collection used in this research are personal interview, personal observation and the use of questionnaire.
Information on this website may not reflect the current situation in Alberta. Please visit alberta. Payroll administrators process payroll information. They determine pay and benefit entitlements and source deductions for employees in organizations of all types and sizes. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The main objective of wage and salary administration is to establish and maintain an equitable wage and salary system. These objectives can be seen in more orderly manner from the point of view of the organisation, its individual employees and collectively. There are outlined and discussed subsequently:. The compensation system should be duly aligned with the organisational need and should also be flexible enough to modification in response to change. Achieve flexibility in the system to accommodate organisational changes as and when these take place. These variables are such as demand and supply of labour, the market rate, etc.
PDF | em>The study looks into wages and salaries administration as a motivational tool in Nigerian organisation. The study went further to.
Compensation administration is a segment of management or human resource management focusing on planning, organizing, and controlling the direct and indirect payments employees receive for the work they perform. Compensation includes direct forms such as base, merit, and incentive pay and indirect forms such as vacation pay, deferred payment, and health insurance. Compensation does not refer, however, to other kinds of employee rewards such as recognition ceremonies and achievement parties.
Wage and salary administration is defined as the process by which wage and salary levels and structures are determined in organisational settings. Wages are payments for labour services rendered frequency, expressed in hourly rates, while a salary is a similar payment, expressed in weekly, monthly or annual rates.
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