Wage and salary administration in a dynamic economy by burgess. Wage and salary administration is the group of activities involved in the development, implementation and maintenance of a pay system. Meaning and objectives of wage and salary administration. Nov 28, 2011 wage and salary administration plans must always be consistent with overall organizational plans and programmes. If you employ staff, you will need to keep a record of how much you pay each of them and the deductions made from their wages for each employee you must keep a record of. A recommended salary adjustment, if it is provided for in the salary increase budget, must be initiated by the department head. While formulating a wage structure, a wage board should consider. Wage and salary administration in a dynamic economy by burgess, leonard r. However, fascinating the individuals job assignment is, the employee must be paid. Personnel administration business area is intended to ensure consistent application of research foundation rf policies and procedures for salary and wage administration. Moderate underlining with minimal use of margin for notetaking book shows common average signs of wear and use. So if a wage earner works 40 hours one week and 45 the next week, he gets paid more for the second week.
The wage and salary administration may use a variety of factors, including the company budget and the amount that competitors pay, in making its decisions. Salary estimates are based on 718 salaries submitted anonymously to indeed by administration manager employees, users, and collected from past and present job advertisements on indeed in the past 36 months. Pay affects the way people workhow much and how well. Visit payscale to research business administrator salaries by city, experience, skill, employer and more. Sep 29, 2015 wage and salary structure is the hierarchy of jobs to where the pay rates are attached. A large part of the compensation that people receive from work is monetary. Wage salary administration is essentially the application of a systematic approach to the problem of ensuring that employees are paid in a logical, equitable and fair manner. Objectives and principles of wage and salary administration. Wage and salary structure is the hierarchy of jobs to where the pay. Henderson goals and objectives this course is focused on the general concepts and practices of wage and salary administration with specific emphasis on the design, construction, and administration of a competitive compensation system. Read this essay to learn about wage and salary administration of employees. Wage and salary administration establishing internal equity and external competitiveness is a critical objective of a wage and salary program economically challenging times are causing employers both large and small to rethink their positions on automatic annual increases for their employees. It can also be called the ongoing process of managing a wage and salary structure. Comparing the performance with the salary received 7.
Procedure rits approach to wage and salary administration is to ensure that appropriate salaries are paid. Project report on salary and wages administration pdf. Wage and salary administration financial definition of. Benefits offered by the university are discussed in sections 3600 and 3700 of this manual.
These practices include employees at all levels and are usually handled by the accounting department of a company. Average administration manager salaries in the united states. One of the most important factor to be taken care of in human resources. This is so because only a properly developed compensation system enables an employer to attract, obtain, retain and motivate people of required calibre and qualification in hisher organisation. Wage and salary administration plans must always be in conformity with the social and economic objectives of the country like attainment of equality in income distribution and controlling inflation, etc. The university system of georgia authorizes institutions to develop and administer wage and salary administration programs to ensure fair and equitable pay among their employees. Wage and salary administration affect levels of employee commitment to the organisation. Staff personnel are all nonexempt employees and therefore eligible for overtime. Wages and salaries administrations financial definition of. Wage and salary administration is a collection of practices and procedures used for planning and distributing companywide compensation programs for employees. It is the price paid for the services of labour in the process of production. As money is the prime need for human beings to meet their basic needs, everyone tries to earn as much money as possible. Human resources human resources administrative practice. Factors influencing wage and salary administration mba.
A department or subset of a department in a company that sets wages and salaries for employees. Evaluating the unsatisfied wants and unrealized goals aspirations of the employees 9. Salary administration programs are designed to provide competitive and equitable base pay to all employees, through the use of salary structures and formal policies and procedures. The main objective of wage and salary administration is to establish and maintain an equitable wage and salary system. Wage and salary administration refers to the establishment and implementation of sound policies and practices of employee compensation. Scope all fulltime and parttime nonexempt and exempt staff employees. May 08, 20 in a salary administration, the employer should not feel thatthe employees are paid more than they deserve and theemployees should not feel that they are underpaid. Salarycompensation to an employee for service rendered on a weekly,monthtly or annual basis. Chapter 6 definitions and concepts wage salary administration is essentially theapplication of a systematic approach to the problem ofensuring that employees are paid in a logical, equitableand fair manner and the terms used are wage, salary,earnings, nominal wage, real wage, take. Wages and salary administration free download as powerpoint presentation. Basic wages depend largely on the difficulty level, and physical.
Chapter 7 wage and salary administration human resource management adrian antazo tuesday, september 29, 2015 reading time. The human resources office is responsible for administering the institutes wage and salary plans and spending guidelines. A profitable concern may pay more to attract good workers. Internal factors influencing wage and salary administration. It includes such areas as job evaluation, surveys of wage and salaries, analysis of relevant organisational problems, development and maintenance of wage structure, establishing rules for administering wages, wage payments incentives. Leading supply chain strategies from cost centre to competitive advantage duration. The colleges classifications of faculty and administration both meet the requirements under flsas classification for exempt personnel, and are paid on a salary basis. Essay on wage and salary administration of employees. With regards to salary administration and has developed a comprehensive salary to meet this objective. In a salary administration, the employer should not feel thatthe employees are paid more than they deserve and theemployees should not feel that they are underpaid. In case of employees whose salary is beyond rs 700, this salary would take as rs. Wages and salaries administration linkedin slideshare. As a public institution, employee salaries are public information as described in uap 3710 personnel information disclosure policy.
Economically challenging times are causing employers both large and small to rethink their positions on automatic annual increases for their employees. The human resource department will audit all changes for policy and budget compliance prior to payroll submission. Chapter 7 wage and salary administration human resource. Such a program shall provide guidance on an employees salary at the time of hire, performance based increases, and other salary adjustments when necessary and. Finding out the dissatisfaction arising from unfulfilled needs and unattained goals 10. Salarycompensation to an employee for service rendered on a. Wages and salary administration, salary management system, staff salary management, staff wage management, salary and wage administration during the period of prosperity, workers are paid higher wages because management wants to share the profits with labor job requirements. It includes such areas as job evaluation, surveys of wage and salaries, analysis of relevant organisational problems, development and maintenance of wage structure, establishing rules for administering wages, wage payments incentives, benefits. The ability to pay of an enterprise will influence wage rates to be paid. A salaried worker works long enough to get the job done and usually gets the same pay every payday. Wage and salary are often discussed in loose sense, as they are used interchangeably.
Respondents opinion regarding success of wage and salary administration from sample unit. Business administrator salary in australia payscale. Salary and wage administration functions and responsibilities intent. The positions are allocated in pay grades according to the job evaluation results and its relations with the pay system derived from the result of the salary survey. Chapter 6 definitions and concepts wage salary administration is essentially theapplication of a systematic approach to the problem ofensuring that employees are paid in a logical, equitableand fair manner and the terms used are wage. Since the issue of wage and salary determination has always enjoying the major consideration for any organization, it should be develop and maintain based on sound principles, some of them are narrated below, attempt should be made to incorporate them as far as possible while designing the compensation system. If the concerns is running into losses then it may not be able to pay higher wage rate. The dual objective for rits wage and salary plans are that they are internally consistent and externally competitive in the markets identified for comparative purposes. Wage and salary administration industrial relations and personnel series prenticehall industrial relations and personnel series.
Salary estimates are based on 718 salaries submitted anonymously to indeed by administration manager employees, users, and collected from past and present job advertisements on indeed in. Wage and salary administration financial definition of wage. One of the most important functions of human resources is the payment ofthe proper salaries and the wages to all company employees. Salary and wage administration functions and responsibilities. Administration terminologies wages aggregate earnings of a employee for his service for a day, or a week, or a month. Average administration manager salaries in the united.1013 404 1111 536 161 151 1345 660 262 326 506 1421 1302 1142 16 1506 205 684 598 1309 1498 550 1213 1433 1368 1305 552 508 833 1470 582 177