http://www.welingkaronline.org/distance-learning/online-mba.html. Salary estimates are based on 1,568 salaries submitted anonymously to Glassdoor by Process Administrator employees. 248. You must first understand the annual performance review objectives and the overall purpose of the salary review process before you get started. Organisations have various jobs which are relative in value term. Beach âWage and Salary Administration refers to the establishment and implementation of sound policies and practices of employee compensation. To retain the present employees by keeping wage levels in tune with competitive units. To keep labor and administrative costs in line with the ability of the organization to pay. ADVERTISEMENTS: While the objective of wage and salary administration, is as simple, the process is not so easy and simple. One way that payroll can be handled is in-house, meaning that a company handles all aspects of the payroll process on its own, including timesheets, calculating wages, producing pay checks, sending the ACH (Automated Clearing House), for any direct deposits, and remitting any tax payments necessary. Required fields are marked *. Smaller companies may … Clipping is a handy way to collect important slides you want to go back to later. Objectives of Wage and Salary Administration : A sound plan of wage and salary administration seeks to achieve the following objectives : Principles of Wage and Salary Administration : The following principles should be followed for an effective wage and salary administration ; Your email address will not be published. Most applicable to industries where jobs tend to be standardized from one employer to the other and where pay/salary data is amply available for those standardized jobs (i.e., 50% of more of jobs qualify as good “benchmark jobs”) 2. Steve Jobs has always been considered an anomaly in management; his leadership style was something to admire or to criticize, but definitely not to replicate. The average Capgemini monthly salary ranges from approximately ₹ 10,955 per month for Sales Representative to ₹ 75,000 per month for Senior Team Leader. Concept of compensation and reward, compensation dimensions, system of compen... Al-Qurmoshi Institute of Business Management, Hyderabad, The Job Performance Model And Employee Motivation, No public clipboards found for this slide.