Menu Close

What is the functions of wage and salary administration?

What is the functions of wage and salary administration?

The basic purpose of wage and salary administration is to establish and maintain an equitable wage and salary structure.

What are the purposes of computer based payroll systems?

A computerized payroll system performs the same functions that manual methods of payroll do. It stores employee data, such as names, addresses, social security numbers, pay rates and withholding allowances of each person. It calculates payroll taxes and deductions and keeps all data up-to-date after each pay period.

How computers have changed the wage structure?

Estimates suggest that workers who use computers on their job earn 10 to 15 percent higher wages. Additionally, the expansion in computer use in the 1980s can account for one-third to one-half of the increase in the rate of return to education.

What is the use of computer in personnel management?

The main roles of computer in human resource management are decreasing time complexity, flexibility, record keeping problem etc. HRM system process lots of data everyday with the help of computer. This data processed easily without any fear of data loss so computer a vital role in human resource management system.

What is the role of wages and salary?

Wages and salaries are the remuneration paid or payable to employees for work performed on behalf of an employer or services provided. For tax purposes, wages and salaries normally do not include other non-cash benefits received by an employee, such as flights, payment of school fees etc.

What are the role of wages and salaries?

Wages and salaries are the payment for work agreed between an employee and his or her employer under the contract of employment in the private sector and for contractual agents in the public service, or employment for civil servants.

What is the function of payroll software?

Payroll software programs provide information and reminders about compliance needs. The software is updated regularly, so companies always have the most current information regarding changes in tax laws and other regulations.

What is payroll system in HR?

Payroll Management System is the system by which an employer can manage the salaries of the employees. The salary structure includes salary, allowances, deductions, and net payable to the employees. Complicated Computations that are performed manually can be automated using the payroll software.

How computers have changed the wage structure Evidence from Micro Data 1984 1989?

How Computers Have Changed the Wage Structure: Evidence From Microdata, 1984-1989. The estimates suggest that workers who use computers on their job earn roughly a 10 to 15 percent higher wage rate.

Is technology important in HR?

Future HR technology is important because it supports excellent employee experiences for the fast-growing People Companies that will succeed in the future. It also enables efficiency gains and legal compliance, speeds up crucial HR processes and provides vital strategic decision-making insight.

What is the role of information technology in human resource management?

By focusing on using technology to continuously improve the quality of the work. Technology can improve the information available to HR, facilitating HR processes, and making them faster and more effective. One of the biggest allies in HRM, HRIS is adopted to make organizations more accurate and effective.

What are the role of wages?

One of the most important aspects of a job for most workers is the wage it pays. Wages allow workers to make a living from their labor. They also provide incentives to be productive and loyal to an employer. In a broader sense, the wages workers earn fuel the economy.

What is the definition of wage and salary administration?

Definition: Wage and Salary Administration refers to the establishment and implementation of sound policies and practices of employee compensation. It includes such areas as job evaluation, surveys of wage and salaries, analysis of relevant organisational problems, development and maintenance of wage structure,…

What are the duties of a computer designer?

The design, development, documentation, analysis, creation, testing or modification of computer systems or programs, including prototypes, based on and related to user or system design specifications; A combination of the aforementioned duties, the performance of which requires the same level of skills.

How to qualify for the computer employee exemption?

To qualify for the computer employee exemption, the following tests must be met: The employee must be compensated either on a salary or fee basis (as defined in the regulations) at a rate not less than $684 * per week or, if compensated on an hourly basis, at a rate not less than $27.63 an hour;

What’s the difference between a salary and a wage?

Salary: The term salary is defined as the remuneration paid to the clerical and managerial personnel employed on monthly or annual basis. This distinction between wage and salary does not seem to be valid in these days of human resources approach where all employees are treated as human resources and are viewed at par.