A Study on The Implementation of Wage and Salary Administration

Wage and salary administration is the art of efficient compensation for human skills in raising productivity and profitability and achieving corporate objectives. Wages and salaries are probably the most significant factors in determining the conditions of employment. Individuals take up jobs with the motive of earning money which they can use for fulfilling their needs. Man has a wide variety of needs to fulfil during his lifetime. These needs are psychological and so on. Maslow identifies the needs are physiological, security, social, self-esteem, and self-actualization.

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Pebina G. “A Study on The Implementation of Wage and Salary Administration.” REST Journal on Banking, Accounting and Business 2(2), (2023): 109-113. DOI: https://doi.org/10.46632/jbab/2/2/16