A Study on Wages and Salary Administration

Author(s)	Dr L.I.Mary Pauline
Country	India
Abstract	Compensation and Reward system plays vital role in a business organization. Since, among four Ms, i.e. Men, Material, Machine and Money, Men has been most important factor, it is impossible to imagine a business process without Men. Every factor contributes to the process of production/business. It expects return from the business process such as rent is the return expected by the landlord, capitalist expects interest and organizer i.e. entrepreneur expects profits. Similarly the labour expects wages from the process. The goal of the study is to assess how wages and salaries are administered. Wages and salaries are crucial considerations for all employees, and it benefits the company to understand how motivated employees are by their pay and how satisfied they are with it. Each employee's incentive will result in improved performance, which benefits the firm and its personnel. The administration of wages and salaries is used to research the organization's various pay and compensation fixing policies. In order to enhance their working abilities, the study also aims to evaluate the organization's practical wage and salary management practices in their workplace.
Keywords	- Compensation-Wages and salaries-salary management practices .
Published In	Volume 7, Issue 1, January-February 2026
Published On	2026-02-23

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