Salary Administration

Is the gratification received at the  employees in exchange for services rendered to the employer. 

The administration of the personnel department ensures employee satisfaction, which in turn helps the organization to obtain, maintain and retain a productive workforce.

Within the salary management, are included planning of human resources including, the recruitment, selection, location, development, performance appraisals and career planning that help coordinate individual efforts with the general strategies the company.

CLASSES OF SALARY

Nominal Salary: It  that which is agreed with the worker through the contractual process. 

Real Wages: Is what the worker actually receiving, considering the cost of living. 

Piece rates: It is that you pay for the units produced. 

Basic Salary: According to their relative value within the organization. 

Salary money: It is that which is paid in monetary units of the environment where they work. 

Wages for time: Is the worker assigned to a limit of time. 

Minimum wage: It is that fixed by the government decree, usually every year. With that set amount the government estimates that a person normally ensures their survival in the environment.