Fixation of compensation or wage rates for different classes of employees in an organization is definitely an important task of management. The employees are not only concerned with the wages received but additionally concerned with the level wages received by same level of employees in similar companies. Hence wage structure might be considered very important. The relative wage-rules must be mounted carefully, because they have implications for promotion, transfer, seniority and other important personnel matters.
Wage program should possess certain fundamental faculties if the long run interests of the consumer, management and the worker can be supported. The wage plan must certanly be related to the efficiency of the employees. Except higher pay scales of workers are connected in some manner to the productivity of workers, a wage plan will not be good either to the administration or to the people.
Basic income for every single job classification ought to be related to ability job needs of job. Due consideration must certanly be given to such facets as skill, period of time required in understanding, flexibility required and working conditions. In all fairness to management, the program must usually create a reduced total of unit cost of production, making possible lower prices and greater profits.
In every fairness to the consumers a share of higher productivity must certanly be offered to them through discounted. My co-worker discovered http://finance.dailyherald.com/dailyherald/news/read/30867815/qatar_revises_payrolls_with_new_wage_protection_system by searching newspapers. Visiting http://www.woio.com/story/30326951/qatar-revises-payrolls-with-new-wage-protection-system maybe provides suggestions you might use with your brother. This will be possible when there is decrease in price due to greater performance. Hence the wage plan must be sure that most participate share the benefits of greater productivity. To get one more interpretation, please consider having a gaze at: Qatar Revises Payrolls With New Wage Protection System. The wage plan includes a reason program for the efficient workers. The system should guarantee higher pay to the employees who perform work at higher degree of efficiency. Minimum wage should be guaranteed by the wage plan to protect the interest of individuals against conditions over which they don't have any control.. To compare more, please gaze at: Qatar Revises Payrolls With New Wage Protection System.