A Study on Impact of Salary and Wage Administration Towards Employees Performance

A Study on Impact of Salary and Wage Administration Towards Employees Performance

1Kabisha sri .S , 2Dr C. Suganya
1 Student, 2Assistant Professor,

1Master of Business Administration,

1M. Kumarasamy College of Engineering, Karur, TamilNadu ,India

Abstract: The research project entitled ‘Wage and Salary Administration ‘is an attempt to understand the sound policies and practices of employee’s compensation that was established and implemented .The data was collected through well-structured questionnaires which contains closed end question. This survey was carried out in various departments of the company. It includes job evaluation, surveys of wage and salaries, development and maintenance of wage structure, establishing rules for administrating wages, incentives, profit sharing, wage changes and adjustments, compensation costs etc. The objectives of the study are to study the various benefits that offered to employees through wage and salary administration structure. The research design used for the study is descriptive in nature. The descriptive study helps the researcher to find out various characteristics of the population. Random sampling technique was adopted for selecting sampling units of employees. The methods of data collection for the study include both primary and secondary data. The primary data was collected through questionnaire and interview method. The secondary data collected through Books, Journals, Internet. All respondents got regular wages and salaries and other facilities also. Teir relationship with management is sound good and satisfactory.

Keywords: : Wage and Salary Administration, Compensation structure, Incentives, Job satisfaction level.