wage And Salary Administration:

To study the various policies of the organization regarding wage and salary fixation

To know the satisfaction level of the employees with the salary offered by the company.

To understand the in adequacies in the companys salary administration techniques.

To study various benefits offered by the organization with salary.

To study the employee opinion for wage and salary

Introduction:

WAGES AND SALARLY:

Wages and salary administration is an integral part of the management of the

organization. Wages and salary is a systematic approach to providing monetary value to
employees in exchange for work performed.

It may achieve several purposes assisting in recruitment, job performance, and job satisfaction. It
is the remuneration received by an employee in return for his\her contribution to the organization
It is an organized practice that involves balancing the work employee relation by providing
monetary and non-monetary benefits to employees.

The vast majority of American adults gain their livelihoods by working for a corporation
or partnership that they do not own. This is true of people who work in factories, stores, or
offices. It is also true of many highly educated workers, such as doctors, and non-tenured college
professors (who have no property rights in their jobs).

Most unskilled and semi-skilled workers are paid by the hour, most professionals or semi
professionals are paid by the month or the year. Although hourly employees are called wage
workers and others are generally considered salaried, all depend for their livelihoods on payment
by the owners of productive property (capital) that makes a profit on their labor. In that sense
they are all wage workers

The vast majority of American adults gain their livelihoods by working for a corporation
or partnership that they do not own. This is true of people who work in factories, stores, or
offices. It is also true of many highly educated workers, such as doctors, and non-tenured college
professors (who have no property rights in their jobs). Most unskilled and semi-skilled workers
are paid by the hour, most professionals or semiprofessionals are paid by the month or the year.
Although hourly employees are called wage workers and others are generally considered
salaried, all depend for their livelihoods on payment by the owners of productive property
(capital) that makes a profit on their labor. In that sense they are all wage workers

MEANING OF WAGES:

Wages are payments made by the employee for the efforts put in by the workers in production,
there are payments made for the service rendered by labour or if he/she paid by the hourly or day he/she
is stated to be in receipt of wages.

MEANING OF SALARY:

Wages are payments made by the employer for the efforts put in by the workers in production,
there are payments made for the service rendered by labour or if he/she paid by the hourly or day
he/she is stated to be in receipt of salary.

INCREMENT:
An employee or any other staff working in the concern has yearly increment, if he has regular
attendance they are eligible to get the increment

It is maintained by the personal branch of ICF, based on the post or position in which they are
placed in the organization.

Questionnaire:

I Personal data:

1.Name:
2.Department:
3.Age:

(a)Below 30 years (b)31-40year

(c)41-50years (d)Above 50year

4.Gender:

(a)Male (b)Female

5.Educational Qualification:

(a)School level (b)College level

(c)Diploma holder (d)Professionals

6.Marital status:

(a)Married (b)unmarried

7.Monthly income:

(a)Below Rs.5000 (b)Rs.5001 to Rs.10000

(c)Rs.10001-Rs.15000 (d)Above Rs.15000

8.Nature of job:

(a)Permanent (b)Casual

9.Category:

(a)Skilled (b)Semiskilled (c)Unskilled

10.The following are the major component of compensation system

(a)Salary (b)Basic salary

(c)Advanced salary (d)Consolidated salary

11.Which are the administrative problems caused due to individual incentives.

(a)The difficulty in setting production standards that are accepted by both management

And workers.

(b)The cost of tracking output in the multiple jobs and calculating payments.

(c)The cost of time study to setand keep current production standards for multiple
 Jobs.

(d)All of the above.

12.How frequently do you adjust wages?

(a)Morethan once a year

(b)once a year

(c)Lessthan once a year

13.How do you feel while working in the organization?

(a)Strongly disagree (b)Disagree

(c)Agree (d)Strongly agree

14.While formulating a wage structure, a wage board should consider

(a)Requirements of social justice

(b)Capacity of the industry to pay

(c)Possibility of reduction in work force

(d)Periodicity for review of wage structure

15.Are you satisfied with salary/wages

(a)Highly satisfied (b)Dissatisfied (c)Neutral

(d)satisfied (e)Highly satisfied