Premium Essay

Wage Administration

In:

Submitted By nishant16
Words 2391
Pages 10
PCM HANDOUT On Wage Administration

Wages- Definition “Wages" means all remuneration capable of being expressed in terms of money, which would, if the terms of employment, expressed or implied, were fulfilled, be payable to a workman in respect of his employment or of work done in such employment, and includes–
(i) such allowances (including dearness allowance) as the workman is for the time being entitled to;
(ii) the value of any house accommodation, or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of food-grains or other articles;
(iii) any travelling concession;
2*[(iv) any commission payable on the promotion of sales or business or both;] but does not include–
(a) any bonus;
(b) any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the workman under any law for the time being in force;
(c) any gratuity payable on the termination of his service;]
Statutory Minimum Wages
Minimum Wages as notified by the Government under Minimum Wages Act, 1948 for different scheduled employments are called as Statutory Minimum Wages.
Bare Minimum Wage
Bare Minimum Wage is the minimum income necessary for a worker to meet needs considered basic. These needs include shelter (housing) and other incidentals such as clothing and nutrition.
Minimum Wage
Minimum wage is the wage that is able to provide not only for bare physical needs but also for preservation of efficiency of worker plus some measure of education, health and other things.
To calculate the minimum wage, the following five norms should guide all wage - fixing authorities, including minimum wage committees, wage boards and adjudicators * In calculating the minimum wage, the standard working class family should be taken to consist of

Similar Documents

Premium Essay

No My Paper

...Step 1 Create a list of important employee policies for your business. Get help when actually writing your employee handbook. Write drafts of policies or ideas for policies that are important to the way you want to run your business. For example, you may have a certain code of conduct that you want employees to follow or you may wish to draft a policy to ensure that a particular person or department is not overstepped. The U.S. Small Business Administration advises that you should have basic employee policies regarding wages, discrimination and other important issues. Consult the administration and an attorney when drafting policy to ensure it is legal and serves your purpose. Step 2 Write policies in clear, easy-to-understand language. Include definitions where words may have multiple meanings and avoid using words that may be easily misconstrued. For example, the Nonprofit Risk Management Center advises against ever using the term "permanent employee," as it suggests that an employee cannot be fired. Consult your attorney about any other easily misinterpreted words. Related Reading: Employee Drug Policy Step 3 Clearly communicate your policy to your employees and their supervisors. Hold training session during which you explain policies and solicit questions. Address "what-if" questions. For example, if your office has a policy for anonymously reporting sexual harassment, answer the question, "What if I am feeling harassed, but I don't want anyone to know...

Words: 370 - Pages: 2

Premium Essay

The Biz

...Consumer Information WVJC Morgantown Nursing - Associate Degree (CIP Code: 51.3801) Occupation Registered Nurses Clinical Nurse Specialist Acute Care Nurse Advanced Practice Psychiatric Nurse Critical Care Nurse SOC Code 29-1141.00 29-1141.04 29-1141.01 29-1141.02 29-1141.03 On-Time Graduation Rate: * Placement Rate: * Median Loan Debt: Private: * Institutional Financing Plan: * Title IV: * Cost of Program: Tuition: $39,960 Fees: $4,125 Supplies: $900 Total Cost: $44,985; For more information regarding the Cost of Attendance, please Click Here. For a downloadable copy of this information, please Click Here. *Nursing is a new program offering and therefore, information does not exist for on-time graduation rates, placement rates, and median loan debt. Medical Assisting - Associate Degree (CIP Code: 51.0710) Occupation Medical Assistant Medical Secretary SOC Code 31-9092.00 43-6013.00 On-Time Graduation Rate: 74% Placement Rate: 88.24% Median Loan Debt: Private: $0 Institutional Financing Plan: $0 Title IV: $9,346.00 Cost of Program: Tuition: $22,500 Fees: $2,750 Supplies: $400 Total Cost: $25,650 For more information regarding the Cost of Attendance, please Click Here. For a downloadable copy of this information, please Click Here. Placement Rates were produced from the annual Accrediting Council for Independent Colleges and Schools (ACICS) Campus Accountability Report (CAR). Medical Assisting - Diploma (CIP Code: 51.0710) Occupation Medical Assistant Medical Secretary On-Time...

Words: 2699 - Pages: 11

Premium Essay

Pampanga Cement Corporat

...essays, and term paper examples. Polytechnic University of the Philippines Sta.Mesa, Manila City College of Business Administration Department of Marketing Management Case 1: Pampanga Cement Corporation  Leader:  Alibin, Herick Louis  Members: Abrea, Krizel Jean Arcilla, Carl Angelo Bautista, Jose L. Jr. Cabalang, Renz Loi Submitted To: Prof. Paul Garcia Marketing Management BSBA-MM 4-1S DEFINE THE PROBLEM: Main Problem: Financial Problem    * In our own understanding, we believe that the Pampanga Cement Corporation’s main difficulty is their current financial position. We came out of this idea because according to their case, almost all of their problems could be solved if they have substantial amount of cash, savings, or capital on-hand. And we believe that if this main problem is answered, the management would have a better working environment compared to their current problematic atmosphere. Sub-Problems:   * Energy Crisis – the government is pushing cement corporations to change from using bunker fuel to coal which will require Pampanga Cement Corporation to upgrade/change their equipment for production, the conflict here is that they doesn’t have the needed amount of money or credit to avail this system upgrade for the current period due to some financial difficulties the company is facing.   * Labor Union – Workers want to have a 10% increase to their wages but unfortunately, the company cannot easily comply due to the arising possibilities of oil price hike. Oil being...

Words: 326 - Pages: 2

Free Essay

Tracer Study

...TRACER STUDY OF BUSINESS ADMINISTRATION GRADUATES OF CAPITOL UNIVERSITY 2008-2010 A Research Paper Presented to The Faculty of the College of Business Administration Capitol University Cagayan de Oro City __________________ In Partial Fulfilment Of the Requirements for the Course ED12 RESEARCH METHODOLOGY PROF. CECILLE C. DEUDA (Professor) ________________ By: Arbuis, Arra Jynne S. Camero, Jeffrey Lou Q. Linogao, Rosario R. Toñacao, Cejane B. OCTOBER 2012 TABLE OF CONTENTS Page Title Page i Acknowledgement ii ABSTRACT iii List of Tables CHAPTER 1 Introduction 1 1.1 Conceptual Framework 3 1.2 Statement of the problem 4 1.3 Scope and Limitation 5 1.4 Significance of the study 6 1.5 Definition of terms 6 2 Review of Related Literature 9 3 Research Design and Methodology 12 3.1 Research Design 12 3.2 Methodology 12 3.2.1 Respondents of the study 12 3.2.2 Research Instruments Used 13 3.2.3 Statistical Treatment 14 4...

Words: 7296 - Pages: 30

Free Essay

Caresafe Budget

...CareSafe’s budget illustrates potential for a bigger surplus opportunity. The organization offers different types of therapy settings, which could use some improvement and fewer funds spent for those services. CareSafe could combine the service of home assessments along with any of the other kinds of therapy. The social worker already has to meet with the individual(s) and then he or she may also set up a session for therapy. The benefit of combining the services would eliminate the minutes spent with the client and the usage of more supplies. The fallback would come in the form of the client or the social worker lacking focus or not equipped for an initial evaluation and then beginning a session. In addition, the organization’s surplus can increase by using the administrative department. The administrative assistants work together with the social workers to complete important tasks. The company can train the assistants in a certain field, so the employee will work faster and attain more knowledge for that certain area. For example, one administrative aide can work with the social workers who deal with individual counseling whereas another associate handles the clients and workers in the group therapy field. This would also cut down on minutes spent working with different tasks and therapy sectors. On the other hand, the employees would not be able to pick up the slack for one another if each does not know about the other’s field. Supplies can become expensive...

Words: 787 - Pages: 4

Premium Essay

Communication and the Global World

...recommended to me as one of the best organizations to work for. I would be interested in learning more about the organization and the opportunities available. I have a Bachelor’s Degree in Business Administration from Colorado Technical University Online. In addition, I have been a manager for RJD, Inc. for the past nine years. My resume, which is enclosed, contains additional information about my experience and skills. I would appreciate the opportunity to discuss this position with you and to provide any other pertinent documentation or information on my candidacy. I can be reached via my email at monicakinney76@yahoo.com or by my cell phone, (660)-353-0593. Thank you for your time and consideration. I look forward to hearing from you and speaking with you about this opportunity. Sincerely, Monica Kinney www.gulftalent.com/home/Admin-Assistant-jobs-in-Dubai-UAE-138345.html\ 714 North Street Moberly, Mo. 65270 December 2, 2013 Mr. Larry Johnson Human Resources Manager IBM Corporation 88 Tokyo Avenue Beijing, China 198 Re: Administrative Assistant Dr. Mr. Johnson: I am writing about the vacant position of Executive Administrative Assistant at IBM Corporation, as advertised at jobs.echinacities.com, last week. Along with a Bachelor’s Degree in Business Administration, hands-on-training in MS Office Suite and nine years managers experience, I have the capability to deliver quality...

Words: 1036 - Pages: 5

Premium Essay

Factors Affecting Job Evaluation as a Tool for Total Reward Adminitsration

...Compensation administration is the designation that field of endeavor concerned with the establishment and implementation of sound policies and method of employee compensation,(Bates, 2004). It includes areas like job evaluation, development and maintenance of wage structures, wage surveys and wage adjustment. Beach (2004) postulates that job evaluation is a formalized system for determining the relative money value of jobs for the purpose of writing job description and specification, rating of these jobs through use of job values to definite wage rates. Job evaluation has rendered a futile exercise by the developments in Zimbabwe towards compensation administration. In Zimbabwe the adoption of job evaluation program by industrial concern increases and become a wide spread in the modern organizations. Factors inducing companies to adopt wage rationalization programs were the rise of the trade unions in Zimbabwe. Labour unions and the recognition by management of the need for orderly logical means for establishment of of wage rates, (Tracy, 2008). Management has learned that it must have some means for explaining how it has arrived at wage rate decision when it is negotiating with unions. In Zimbabwe trade unions wish very well to know how wages of employees are being calculated during their negations with the management of the organization. The management should know how the wage rate is being derived or calculated and should able to explain how they come upwith the wages for their...

Words: 961 - Pages: 4

Premium Essay

Relate Salary and Benefit Administration Strategies to Organizational Culture and Performance

...but most of those strategies are designed to recruit and retain top industry talent. Compensation strategies support business objectives by motiving employees to meet company goals. Rewarding accountability and skill competency helps businesses shape employes into future company leaders. Administration strategies showing respect for each employee's individual talents and needs lead to a high level of employee loyalty and low turnover. Many modern organizations strive for flexible salary and benefits, which can raise employee motivation by supporting each employee's desired level of work/life balance. Understanding Compensation Strategy Several elements make up an overall compensation strategy. These elements include: alignment with organizational strategy, individual employee's room for career growth, the contributions of employees and the involvement of management using guidance and performance appraisals. Management uses salary and benefits to show employees that the company values their contributions. In turn, employees help the organization perform better in the industry marketplace. Linking Compensation to Organizational Strategy Though benefit and salary administration are often part of a business's comprehensive compensation strategy, every department within a corporation may have different pay and benefit challenges. Salary and benefit administrators can keep the strategy focused by requiring that every compensation choice help the company sustain or...

Words: 1238 - Pages: 5

Premium Essay

Akron Children’s Hospital

...Job Description Receptionist The main purpose of the job: The receptionist is the first to deal with the customer or visitor, and it is responsible for dealing with the public civilized manner reflecting the bright image of the company, so it should be good-looking, good handling, patient, cooperative, has the ability to deal calmly and wisely, quick-witted lectured mind, codifies all that is asked of him, and act honestly and faithfully and conscientiously in all his dealings. Main tasks: receive incoming phone calls on the company PBX and take the caller and the data recorded. divert incoming phone calls to the officials concerned were present in their offices, otherwise, the data is taken and recorded and the caller follow when attending employee to be delivered to him. request calls for staff and converted them. work record is to record all the numbers and information about the callers. receive customers and visitors to the company and ask them for the employee want to meet him, and then ask the employee if he was ready to receive it. In the event the employee is not present is recorded message from the visitor or customer indicating the purpose of the visit and hour visit, then the message is delivered to the employee upon his return to his office. Follow-up presence and exit of employees of the company to organize the process of converting calls or receive visitors or to answer Mr. Director-General when inquiring about one of them. attention to all...

Words: 400 - Pages: 2

Premium Essay

Thesis

...GROUP 1 CHAPTER 1 INTRODUCTION Accountancy is one of the most in demand courses in the country, but also the most difficult for the students who are enrolled to this program. Many students end up shifting to other courses because they cannot withstand the demands of accountancy. Although it requires only basic mathematical operations, what makes it difficult is the use of analytical and logical thinking. The Bachelor of Science in Accountancy program is composed of subjects in accounting, audit, administration, business laws and taxation. Its primary focus is not limited to business subjects only, but to other fields as well, such as banking and finance, government, social services, education, and more. The BSA program is taught in a variety of teaching methods examples are case analysis, individual and group reports, simulations, classroom discussions and guest lecturers. It also includes extensive exposures to business immersions and an on-the-job training that will provide you with the understanding of practical accountancy. This program is highly recommended especially for those people who are in business. Whether they work for a company or try to put up a business, accounting is still there. HISTORICAL BACKGROUND The roots of the University of the East can be traced back to two rented rooms on Dasmarinas Street, Manila, where 110 students enrolled in Certified Public Accountant (CPA) review classes in September 1946; barely two months after the Philippines...

Words: 678 - Pages: 3

Premium Essay

Finance 210

...http://online.wsj.com/article/SB10001424052970203750404577173331840851226.html?mod=WSJ_mgmt_LeftTopNews#articleTabs%3Darticle The idea of cutting down bonuses is a good one, especially during the recession. However, implementing the idea is going to be difficult. The article has a lot of negative and positive information about the companies. It seems as though the only bonuses that were pinched were the bankers and traders. Nevertheless, CEO’s bonuses will not be pinched, as they are very influential, in terms of the board and management as a whole. According to the article, I would personally say that CEO, James Dimon is stealing from the company. The management seems to be avoiding the fact by actually concentrating on how their revenues and stock price changed. This is the ethic agency problem that most companies face. CEOs steal from the companies they work for and get away with it. The management does not maintain uprightness, as they actually protect the CEOs. I hope the idea pulls through as it will make scandals committed by CEOs a thing of the past. I think the CEOs should not be given a lot of power whereby they consult the shareholders on how bonuses are to be given amongst board members. It is rather hard for shareholders to know what happens in the company. Although the managers are supposed to be protecting the interests of the shareholders, they seem to let the CEO do all the major decision-making. It is only human nature; people tend to abuse power. A...

Words: 409 - Pages: 2

Free Essay

Solutions

...selected to improve morale at Wheeling Hospital. Arguments will be evaluated and revised resulting in a refined and final solution to the problem. Original Issue Wheeling Hospital is adding a fifth tower and the time for departments to move into the new, advanced tower is approaching quickly. Chief executive officer Ron Violi thinks the transition is an exciting time for him and his staff members. It was a major shock to Violi when he learned more than three quarters of his staff was unhappy and not excited for the move into the new tower. Through close observation of my fellow coworkers, I discovered the discontent and feelings of frustration. These feelings originated because of the lack of communication from administration relating to tower five. Staff members are unaware their expectations, their workload, or how they are supposed to function without knowledge of where equipment, departments, and items necessary to perform their duties are located. Staff members have concerns about shortages and are not notified of any changes or updates relating to the new tower. The morale at the hospital is low and staff members need motivation to have success in tower five. Initial Solutions With the importance of the success of tower five to the community, coworkers, and my career on my mind, I dove into my imagination and brainstormed for solutions. Initial solutions included: ▪...

Words: 1368 - Pages: 6

Premium Essay

Ray's Resume

...RAY WALTER BARSAMIAN 15062 Sonny Circle Irvine CA 92604 949-861-2161 ray092473@aol.com ADMINISTRATIVE OFFICE PROFESSIONAL Well rounded and energetic professional with over 13 years of experience seeking new Challenge and opportunity to apply consummate skills as Administrative Assistant PROFESSIONAL PROFILE • Self-Motivated leader with expertise in office management and excellent customer service • Communicate complex information easily and concisely; exceptional interpersonal skills • Team player demonstrating diagnostic, negotiating, and collaborative problem-solving skills • Strict adherence to established guidelines and policies • Ability to organize, prioritize, and coordinate multiple tasks • Sound working knowledge of Windows, MS Office, Lotus, Email/Internet and QuickBooks; typing speed of 50 words per minute and alpha-numeric data-entry speed of 7600 keystrokes per hour EMPLOYMENT HISTORY File Clerk/Administrative Assistant 1998-2010 Walter Barsamian, Attorney At Law Irvine, CA • Played key role in managing private law firm’s daily administrative office activities. • Efficiently processed and inputted thousands of files into legal database using Microsoft Excel Spreadsheets, organizing by client name. • Scanned Whole files into computer. These were scanned into Microsoft Excel Spreadsheets. These documents consisted of Medical Reports, Client Letters, Doctors Liens, Correspondence...

Words: 410 - Pages: 2

Free Essay

Management Information System on Big Bazaar

...“A STUDY OF MANAGEMENT INFORMATION SYSTEM AT BIG BAZAAR” A Project Report Presented to the Faculty of the School of Management & Entrepreneurship AURO University Surat In Partial Fulfilment Of the Requirements for the Degree of Master of Business Administration Submitted by: MRIDUL KHANNA- 012012029 Submitted to: Dr. ABHIJIT CHATTERJEE 1 May 2013 ACKNOWLEDGMENT I heartily wish to extend heartfelt appreciation and gratitude to numerous Mentors, benefactors, and constituents who have collectively endowed the Wherewithal, faith and encouragement for me to navigate and complete my Project journey. To Professor Kamlesh Mishra, my primary advisor and unflagging advocate, who mustered devoted, continuing, innovative and adaptive mentorship to impel and shepherd my checked efforts through diverse and abounding challenges, I extend my deep and abiding respect and many, manythanks. To Professor Abhijit Chatterjee, my supporting advisor, who gently and patiently endured my academic tardiness, Ioffer commensurate veneration. To Mr. Vikrant Sharma of BiG Bazaar, my surrogate champion, who afforded me much beneficial counterpoint to the pecuniary burden sand administrative vagaries of their institution, I affirm my humble esteem. To the faculty and staff of the School of Management and Entrepreneurship, AURO University, Surat. Table of Contents EXECUTIVE SUMMARY 1 INTRODUCTION 2 RETAIL...

Words: 293 - Pages: 2

Free Essay

Monitor

...AIPE ASSESSMENT COVER SHEET Please ensure this form is fully completed (including signature) prior to submitting. This page should be on the front of your assignment and needs to be easily accessible. Student ID Number: | 15015810/14000793 | Class Batch: | B07 | Student Name: | Tiansun Li/Alejandro Herrera | Unit code & Title | BSBADM504B Olan or review administrative systems | Course: | BSB50207 Diploma of Business | Due Date: | 27/22/2015 | Module: | BS07 Business Administration Systems | Trainer’s name: | Abdullah | Assessment Task Title: | Role-play | Assessment Part No: | Assessment part 2 | PLAGIARISM Plagiarism is the act of representing as one’s own original work the creative works of another, without appropriate acknowledgement of the author or source. COLLUSION Collusion is the presentation by a student of an assignment as his or her own which is in fact the result in whole or in part of unauthorised collaboration with another person or persons. Collusion involves the cooperation of two or more students in plagiarism or other forms of academic misconduct and as such both parties are subject to disciplinary action. Plagiarism and collusion constitute cheating. Disciplinary action will be taken against students who engage in plagiarism and collusion as outlined in the school’s policies. See ‘Student Discipline/Misconduct Policy’ and ‘Assessment Policy' Assignments must be typed using document software such as MS Word; no handwritten...

Words: 1097 - Pages: 5