wage and salary structure meaning

  • Determination of Wages and Salary Structures (With Diagram)

    1 Determination of Wages and Salary 2 Wages/Salary Structures Both are now discussed one by one 1 Determination of Wages and Salary The starting point of wage and salary administration is the determination of wage and salary levels The wage/salary of employee in the organised sector in India is determined by a variety of factors

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  • Difference Between Salary and Wages (with Comparison Chart

    Jul 26 2018· The main difference between salary and wages lies in the fact that salary is fixed ie it is predetermined and agreed between the employer and employee while wages are not fixed as it varies depending on the performance of the labour This article presents you the important differences between salary and wages in tabular form

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  • Pay structure definition and meaning | Collins English

    Pay structure definition a collection of pay grades or bands which set out the different levels of pay for | Meaning pronunciation translations and examples

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  • Salary and Compensation Surveys from HR Survey

    Organizational Structure The next easiest technique for matching jobs is to find jobs in your organizational structure that match the implied (or even displayed) stucture on the survey Often a survey will examine the salary data for jobs at several levels within a career path

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  • What is wage? Definition and some relevant examples

    Wage vs salary People often use the terms wage and salary interchangeably In many situations they have the same definition However there are some differenc A salary has a longer term meaning When a person is paid on a weekly basis for example we say that his wages are paid weekly we cannot say that his salary is paid weekly Salary

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  • How to Avoid Pay Compression

    Jul 05 2011· Pay Compression Our Nightmare in the World of Compensation Compression is the ugliest issue compensation professionals face It tends to be a

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  • Smart Learning Way FACTORS INFLUENCING WAGES HUMAN

    Jan 05 2015· The employees and the trade union if there is one should be informed about the procedure used to establish wage rat Every employee should be informed of his own position and of the wage and salary structure Secrecy in wage matters should not be used as a cover up for haphazard and unreasonable wage programme

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  • Objectives and Principles of Wage and Salary Administration

    The main objective of wage and salary administration is to establish and maintain an equitable wage and salary system 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 his/her organisation

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  • How to Conduct a Salary & Compensation Study | Bizfluent

    Conducting a salary and compensation study can serve the organization in many ways Compensation studies analyze if your wage rates and salaries are competitive for your industry or your geographic locale An analysis of your pay practices can also help you determine if your pay practices comply with employment laws

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  • Salary Structures Creating Competitive and Equitable Pay

    Nov 23 2010· Salary structures are an important component of effective compensation programs and help ensure that pay levels for groups of jobs are competitive externally and equitable internally A well

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  • Salary Structure Definition MBA Skool StudyLearnShare

    Salary Structure is the structure or details of the salary being offered in terms of the breakup of the various components that constitute the compensation Salary Structure is the set of parameters that define the salary Two people can have the same salary but still get different amounts of money every month this would happen when the salary structure is different

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  • Pay Structures and Pay Progression | Factsheets | CIPD

    Aug 22 2018· Pay structures offer a framework for wage progression and can help encourage appropriate behaviours and performance while pay progression describes how employees are able to increase their pay within their salary grade or band This factsheet explores the purpose of pay structures and introduces

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  • What is Wage Structure? HR Definitions & Examples

    Wage structure is the hierarchy within a company that sets the amount each level of employment is paid and what benefits each level is due Lower level employees are paid less than other people at the business and these employees may get an hourly wage as opposed to a set salary

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  • Salary Structures in Nigeria and Their Meanings | Career

    Mar 25 2017· Consolidated Judicial Salary Structure (CONJUSS) Salary Structure for Judiciary workers in the Federal Public Service The actual amount for each salary structure depends on the level and position of the employee To see details of the actual amount Check The Salary Structure as published by National Salaries Incomes & Wages Commission (NSIWC) below

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  • Wage and Salary Structure Concepts | ERI DLC

    Jul 26 2018· The main difference between salary and wages lies in the fact that salary is fixed ie it is predetermined and agreed between the employer and employee while wages are not fixed as it varies depending on the performance of the labour This article presents you the important differences between salary and wages in tabular form

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  • What is salary structure? definition and meaning

    Definition of salary structure Hierarchy of job types and grades and the associated compensation and benefits How to Negotiate Salary If you have been offered a job it can be tempting to instantly accept it and then realize after careful consideration that the package is not what you expected or is less than market value

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  • What is wage compression? definition and meaning

    Definition of wage compression Pay inequities that arise when new employees demand and get wages higher than those being paid to the current employe See also wage expansion Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary

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  • Salary Structures and Wages Computation in the Philippines

    Salary Structures and Wages in the Philippin Aside from professional experience and academic credentials salary structures and wages in the Philippines are determined by factors such as nature of work workplace location working hours type of industry/sector and others

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  • Wage and Salary Administration MBA Knowledge Base

    Nov 28 2011· Wage and salary administration plans must always be consistent with overall organizational plans and programm 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

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  • Difference Between Salary and Wages (with Comparison Chart

    Jul 26 2018· The main difference between salary and wages lies in the fact that salary is fixed ie it is predetermined and agreed between the employer and employee while wages are not fixed as it varies depending on the performance of the labour This article presents you the important differences between salary and wages in tabular form

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  • Developing a Competitive Salary Structure

    4 | ERI Economic Research Institute | Developing a Competitive Salary Structure | September 2016 As you design your salary structure it is important to consider all forms of cash compensation Over 80% of companies develop their salary structures based on base salary but almost 15% of

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  • Wages | US Department of Labor

    The US Department of Labor enforces the Fair Labor Standards Act (FLSA) which sets basic minimum wage and overtime pay standards These standards are enforced by the Department's Wage and Hour Division Minimum Wage

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  • Wage Structure Law and Legal Definition | USLegal Inc

    Wage structure is generally the levels or hierarchy of job and pay rang It is the interrelationship of the levels of pay for different types of employe It may mean the way the total wage of a worker or group of workers is composed; for example including such elements as a basic rate a piecework bonus and other forms of bonus overtime etc

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  • Salary Structures in Nigeria and Their Meanings | Career

    Mar 25 2017· Consolidated Judicial Salary Structure (CONJUSS) Salary Structure for Judiciary workers in the Federal Public Service The actual amount for each salary structure depends on the level and position of the employee To see details of the actual amount Check The Salary Structure as published by National Salaries Incomes & Wages Commission (NSIWC) below

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  • Basic Salary in India Meaning Explained with Calculation

    Basic salary is the amount paid to employees before any reductions or increases due to overtime or bonus allowances (internet usage for those who work from home or communication allowance) Basic salary is a fixed amount paid to employees by their employers in return for the work performed or performance of professional duties by the former

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