WAGES AND SALARY ADMINISTRATION

Abstract

The payment of wages and salary is an inbuilt system with the human force for their activity performed. To what extent the payment of wages & salary is reasonable and adequate in consonance to the nature of the work performed, is a question mark. The reason attributed, is the existence a of very large labour force the and avail ban alit workforce work force whether it is a framerate factor of industrial sector. The supply of labour more then thousand and wither result, there is exploitations of cheap labour policy. Later the advent of trade unionism helped to improve the working conditions of labour. Until the Second World War, event the Government adopted a “LAISSEZ – FAIRE” policy in this regard. It was as late in 1947, that the industrial unrest become so uncontrollable that a tripartite conference was convened of (1) Central and State Govt. (2) Employers, and (3) Employees, which resulted in the industrial trade resolution. It was realized that increase in production was not possible without the fullest cooperation between management and labour. This led to appointment of the fair wages committee and profit- sharing bonus committee. Thus, the lot of the worker began to improve of the living.