25973614 wage determination process

8/8/2019 25973614 Wage Determination Process

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PRESENTATION ON WAGEPRESENTATION ON WAGEADMINISTRATIONADMINISTRATION

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project reports etc.



WAGE LEVEL &WAGE LEVEL &WAGE

STRUCTUREWAGE

STRUCTURE

BY:BY: VANISHREE

VANISHREE



Wage LevelWage Level

A wage is the remuneration paid, forthe service of labor in production,

periodically to an employee/workers.

The wage level represents the money an

average worker makes in a geographicarea or in his organization.



Level 1: Marginal Survival WageWage level does not provide for adequate nutritional needs.Starvation is prevented, but malnutrition, illnesses, and earlydeaths are the result.

Level 2: Basic Survival WageWage level allows for meeting immediate survival needs including

basic food, used clothing, minimal shelter, fuel for cooking.

Level 3: Short Range Planning WageWage level meets basic survival needs. Possibility of small

amount of discretionary income allows for minimal planning beyondliving from paycheck to paycheck. Allows for occasional purchase ofneeded item(s) as small amounts can be set aside after meetingbasic survival needs.



Level 4: Sustainable Living Wage

Wage level meets basic needs including food, clothing, housing,energy, transportation, health care, and education. Ability toparticipate in culturally required activities (including births andrelated celebrations, weddings, funerals and related activities).Also allows for the setting aside of small amounts of money

(savings) to allow planning for the future purchase of items andthe meeting of needs.

Level 5: Sustainable Community WageIn addition to meeting basic needs and allowing the worker to

set aside money for future purchases, allows for the availability

of enough discretionary income to allow the worker to supportthe development of small businesses in a local community,including the support of cultural and civic needs of thecommunity. Wage levels allow for long range planning andparticipation.



WAGEDIFF

EREN

TIALS

WAGEDIFF

EREN

TIALS

BY:BY:NEHANEHA



Several grievance and dissatisfactionSeveral grievance and dissatisfactionwith wages are the results of paywith wages are the results of payrates difference between jobs andrates difference between jobs and

individuals.individuals.

Wage Differentials



Types of DifferentialTypes of Differential

1. Imperfection in the employmentmarket

Inter-industry

Inter-firm

Inter-area or regional



2.Differential which originated in2.Differential which originated in

social values and prejudicessocial values and prejudices

Differentials based on sex

3.Occuptional differential



ImportanceImportance

Causes labour to be allocated amongdifferent occupation, industry andgeographical areas in the economy in

such a manner as to maximize thenational product. Enable full employment of the

resources of the economy. Facilitate the most desirable rate of

economy progress.



WAGE DET ERMINATION WAGE DET ERMINATION

PROCESSPROCESS

BY:BY:AM

BIKA &

C

HETANAMB

IKA &C

HETAN



JOB

DESCRIPTION

&

SPECIFICATION

JOB ANALYSIS

JOB

EVALUATION

JOB ANALYSIS

WAGE SURVEYS

& ANALYSIS

OF RELEVANT

ORGANISATIONAL

PROBLEMS

WAGE

LEGISLATION

WAGE

STRUCTURE

RULES

OF

ADMINIS-

TRATION

DIFFERENTIAL

EMPLOYEE APPRAISAL

WAGE PAYMENTS



FACTORS INFLUENCING FACTORS INFLUENCING WAGE

/SALARY STRUCTUR

EWAGE/SALARY STRUCTUR

E

BY:

SUDHA & SUNILBY:

SUDHA & SUNIL



FACTORSFACTORS

A. Organizations Ability to pay

B. Supply and demand of labor

C. Prevailing market rate

D. Cost of living

E. Living wage



F. Productivity

G. Trade Unions bargaining power

H. Job requirements

I. Managerial attitudesJ. Psychological & Sociological

factors

K. Levels of skills available in themarket

25973614 wage determination process

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