Wage and Salary Administration Essay Example

s like allowances, leave benefits, accommodation, commuting and non-material rewards such as public acknowledgement, particular privileges and status symbols. An effective remuneration system should foster a feeling of equity among the workforce. Ignoring this could result in employee demoralization and discontentment. However, implementing this is quite challenging in an Indian context.

Current wage trends indicate a shrinking disparity between the salaries of officers and workers, while concurrently witnessing an increasing gap in earnings among organized and unorganized sectors, genders, and casual and regular workers. Although public policies aim to lower these discrepancies, such changes cannot be achieved instantly. A contemporary approach in salary distribution within organized sectors involves tying wages to productivity. It is now becoming increasingly prevalent for companies, including those in the public sector, to implement productivity-linked bonuses and