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Fixation of compensation or wage rates for different classes of personnel in a company is definitely an important task of administration. The employees aren't only concerned with the wages received but additionally concerned with the level wages received by same level of employees in similar companies. Hence salary structure may be considered very important. The relative wage-rules must certanly be fixed carefully, since they have implications for advertising, move, seniority and other important personnel matters.

Certain fundamental characteristics should be possessed by wage plan if the future interests of the customer, management and the staff can be supported. The pay plan must be related to the productivity of the employees. A wage program will not be fair both to the management or to the consumers, except higher pay scales of workers are linked for some reason to the productivity of workers.

Fundamental income for every job classification must certanly be linked to ability job requirements of job. Due consideration ought to be given to such factors as ability, period of time required in learning, flexibility required and working conditions. In every fairness to management, the master plan must usually create a reduced amount of unit cost of production, making possible greater and lower costs profits.

In most fairness to the customers a share of higher performance must be handed down for them by means of lower price. If you have lowering of cost due to greater efficiency this is possible. Ergo the wage plan must be sure that most participate share the gains of higher efficiency. An incentive system should be included by the wage plan for the workers. The machine should guarantee higher pay to work is performed by the workers who at higher degree of efficiency. The wage plan should guarantee minimum wage to guard the interest of workers against conditions over which they have no control. harassment lawyer alexandria