Abstract of wages and salary administration
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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. These objectives can be seen in more orderly manner from the point of view of the organisation, its individual employees and collectively.
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INTRODUCTION TO WAGES AND SALARY ADMINISTRATION Wages and salary administration refers to the establishment of the sound policies and practices of employee compensation. Services rendered by individual to organization have to be adequately paid for.
here is your answer
INTRODUCTION TO WAGES AND SALARY ADMINISTRATION Wages and salary administration refers to the establishment of the sound policies and practices of employee compensation. Services rendered by individual to organization have to be adequately paid for.
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