Introduction to wages and salary administration
Summary :
Table of Contents
- Introduction
- Definition of HRM
- Nature of HRM
- Importance of HRM
- Objectives of HRM
- Role of HRM
- Need of HRM approach
- Wages and salary
- Introduction
- Meaning
- Definiton
- Objectives
- Components of wages
- Importance of wages
- Factors affecting wage and salary administration
- Wage concepts
- Methods of wage payments
- Conclusion
Abstract
Human resource is of paramount importance for the success of any organization. It is a source of strength and aid. Human resources are the wealth of an organization which can help it in achieving its goals.
Human resources management is concerned with the human beings in an organization. It reflects a new outlook which views organization's manpower as its resources and assets. Human resources are the total knowledge, abilities, skills, talents and aptitude of an organization's workforce. The value, ethics, beliefs of the individuals working in an organization also forms a part of human resources.
All the resources in the form of money materials methods and machines would be quite insignificant without the human factor is "Men". In the present complex environment no business or organization can exist and grow without appropriate human resources. So human resources have become the focus of attention of every progressive organization.
Human resources management is concerned with the human beings in an organization. It reflects a new outlook which views organization's manpower as its resources and assets. Human resources are the total knowledge, abilities, skills, talents and aptitude of an organization's workforce. The value, ethics, beliefs of the individuals working in an organization also forms a part of human resources.
All the resources in the form of money materials methods and machines would be quite insignificant without the human factor is "Men". In the present complex environment no business or organization can exist and grow without appropriate human resources. So human resources have become the focus of attention of every progressive organization.
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