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Fixation of compensation or wage rates for different categories of personnel in an organization is an important task of administration. Clicking like probably provides aids you can use with your dad. The employees arent only concerned with the wages received but additionally concerned with the level wages received by level of employees in similar organizations. Ergo wage structure might be considered very important. The relative wage-rules must be mounted carefully, since they have implications for promotion, exchange, seniority and other important personnel matters. Certain fundamental characteristics should be possessed by wage plan if the future interests of the buyer, management and the employee are to be supported. The pay plan should be linked with the productivity of the workers. Unless higher pay scales of workers are linked in some way to the productivity of workers, a wage program will not be good both to the management or to the customers. Visiting los angeles bank levy law attorney perhaps provides cautions you should use with your cousin. Basic pay for each job classification should be associated with ability job needs of job. Due consideration must be directed at such facets as skill, period of time required in learning, usefulness required and working conditions. In most fairness to management, the master plan must generally result in a reduced amount of unit cost of production, making possible lower costs and higher earnings. Click here los angeles tax lien law attorney to explore the meaning behind this idea. In all fairness to the consumers a share of higher performance must certanly be offered to them by means of lower price. This will be possible if you have reduction in price as a result of higher productivity. Hence the wage program must ensure that participate share the results of higher efficiency. An incentive system should be included by the wage plan for the workers. The device must guarantee higher pay to the employees who perform work at higher degree of effectiveness. If you think any thing, you will certainly desire to research about BookCrossing - banklevydinghys Bookshelf. Minimum wage should be guaranteed by the wage plan to guard the interest of employees against problems over that they havent any control..