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.
From India, Thana
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From India, Thana
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Hi Anuja,
Wages and salary administration involve checking whether each labor/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
From India, Pune
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Wages and salary administration involve checking whether each labor/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
From India, Pune
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Dear Anuja,
Wage and salary administration includes the preparation of the wage roll as per the wage period (daily/weekly/monthly, etc.) and salary statement every month while ensuring compliance with statutes like the Payment of Wages Act, Minimum Wages Act, and making remittances accordingly. It would also include an assessment of personnel costs to the company. Wage & Salary Administration is an essential part of the HR function in any organized setup, and due care has to 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
From India, Bhopal
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Wage and salary administration includes the preparation of the wage roll as per the wage period (daily/weekly/monthly, etc.) and salary statement every month while ensuring compliance with statutes like the Payment of Wages Act, Minimum Wages Act, and making remittances accordingly. It would also include an assessment of personnel costs to the company. Wage & Salary Administration is an essential part of the HR function in any organized setup, and due care has to 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
From India, Bhopal
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Wage, Salary and Reward Administration. ppt
Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf