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PRESENTATION ON WAGE PRESENTATION ON WAGE ADMINISTRATION ADMINISTRATION Visit http://hrmba.blogspot. com for more presentations, project reports etc.
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Page 1: Wage Determination Process

PRESENTATION ON WAGE PRESENTATION ON WAGE ADMINISTRATIONADMINISTRATION

Visit http://hrmba.blogspot.c

om for more presentations, project

reports etc.

Page 2: Wage Determination Process

WAGE LEVEL & WAGE LEVEL & WAGE STRUCTUREWAGE STRUCTURE

BY:BY: VANISHREEVANISHREE

Page 3: Wage Determination Process

Wage LevelWage Level• A wage is the remuneration paid, for

the service of labor in production, periodically to an employee/workers.

• The wage level represents the money an average worker makes in a geographic area or in his organization.

Page 4: Wage Determination Process

Level 1: Marginal Survival Wage     Wage level does not provide for adequate nutritional needs. Starvation is prevented, but malnutrition, illnesses, and early deaths are the result.

Level 2: Basic Survival Wage     Wage level allows for meeting immediate survival needs including basic food, used clothing, minimal shelter, fuel for cooking.

Level 3: Short Range Planning Wage     Wage level meets basic survival needs. Possibility of small amount of discretionary income allows for minimal planning beyond living from paycheck to paycheck. Allows for occasional purchase of needed item(s) as small amounts can be set aside after meeting basic survival needs.                               

Page 5: Wage Determination Process

Level 4: Sustainable Living Wage     Wage level meets basic needs including food, clothing, housing, energy, transportation, health care, and education. Ability to participate in culturally required activities (including births and related celebrations, weddings, funerals and related activities). Also allows for the setting aside of small amounts of money (savings) to allow planning for the future purchase of items and the meeting of needs.

Level 5: Sustainable Community Wage     In addition to meeting basic needs and allowing the worker to set aside money for future purchases, allows for the availability of enough discretionary income to allow the worker to support the development of small businesses in a local community, including the support of cultural and civic needs of the community. Wage levels allow for long range planning and participation.

Page 6: Wage Determination Process

Wage StructureWage Structure• The term wage structure is used to

describe wage/salary relationships within a particular grouping.

Page 7: Wage Determination Process

WAGE DIFFERENTIALSWAGE DIFFERENTIALS

BY:BY: NEHANEHA

Page 8: Wage Determination Process

Several grievance and Several grievance and dissatisfaction with wages are dissatisfaction with wages are the results of pay rates the results of pay rates difference between jobs and difference between jobs and individuals.individuals.

Wage Differentials

Page 9: Wage Determination Process

Types of DifferentialTypes of Differential

1. Imperfection in the employment market

Inter-industry Inter-firm Inter-area or regional

Page 10: Wage Determination Process

2.Differential which originated in 2.Differential which originated in social values and prejudicessocial values and prejudices

Differentials based on sex

3.Occuptional differential

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ImportanceImportance Causes labour to be allocated

among different occupation, industry and geographical areas in the economy in such a manner as to maximize the national product.

Enable full employment of the resources of the economy.

Facilitate the most desirable rate of economy progress.

Page 12: Wage Determination Process

WAGE DETERMINATION WAGE DETERMINATION PROCESSPROCESS

BY:BY: AMBIKA & CHETANAMBIKA & CHETAN

Page 13: Wage Determination Process

JOB DESCRIPTION

& SPECIFICATION

JOB ANALYSIS

JOB EVALUATION

JOB ANALYSIS

WAGE SURVEYS & ANALYSIS

OF RELEVANT ORGANISATIONAL

PROBLEMS

WAGE LEGISLATION

WAGE STRUCTURE

RULES OF

ADMINIS-TRATION

DIFFERENTIAL EMPLOYEE APPRAISAL

WAGE PAYMENTS

Page 14: Wage Determination Process

FACTORS INFLUENCING FACTORS INFLUENCING WAGE/SALARY STRUCTUREWAGE/SALARY STRUCTURE

BY: SUDHA & SUNILBY: SUDHA & SUNIL

Page 15: Wage Determination Process

FACTORSFACTORS

A. Organizations Ability to payB. Supply and demand of laborC. Prevailing market rateD. Cost of livingE. Living wage

Page 16: Wage Determination Process

F. ProductivityG. Trade Unions bargaining powerH. Job requirementsI. Managerial attitudesJ. Psychological & Sociological

factorsK. Levels of skills available in the

market

Page 17: Wage Determination Process