Curious About Wages and Salary Administration? Let's Explore Its Role in HR and Daily Life

Understanding Wages and Salary Administration

I want to learn about what exactly wages and salary administration means, what topics it covers, and what its importance is in our daily lives. I am an HR & admin executive in a construction company, and I want to understand how it will help me.

Regards,

Wages and salary administration involve checking whether each laborer/employee is receiving their salary on time, ensuring everyone is receiving the correct salary, and managing the necessary adjustments and contributions for ESI, PF, etc. In a construction company, the process also varies depending on whether you have contractual employees or permanent ones.

Could you please provide more specific details about the exact issues you are facing regarding "salary and wage administration"? It is a broad concept, so clarity on your specific challenges would be beneficial.

Regards,
Amar

Wage and salary administration includes the preparation of the wage roll as per the wage period (daily/weekly/monthly, etc.) and the salary statement every month while ensuring compliance with statutes like the Payment of Wages Act and Minimum Wages Act, and making remittances accordingly. It also includes an assessment of personnel costs to the company.

Importance of Wage & Salary Administration

Wage & Salary Administration is an essential part of the HR function in any organized setup. Due care must be taken to ensure that employees are paid their due and that statutory compliance is ensured. Any shortcomings in this regard could be disastrous both from the organizational point of view and in terms of statutory compliance.

Being in a highly competitive sector like Construction, the need for proper Wage & Salary Administration is twofold. If you have any further queries, please specify.

Regards, KK