Living wage: male worker not to provide for himself, but for family – not just bare necessities but frugal comfort, education for children, social security etc. This legislative protection acts as a protective cushion from the exploitations of top-level officials. Under Section 5 of Minimum Wages Act, 1948 there are basically two method of fixation/revision of Minimum Wages (1) Committee Method (2) Notification Method. It is a logical and to a certain extent an objective method of ranking and grading the jobs. View Test Prep - methods of wage fixation.pdf from MBA 101 at Andhra University. Job evaluation has a certain advantages over other techniques of pay fixation. It help to fit the newly created jobs in the existing structure. Procedure For Fixing And Revising Minimum Wage The interest of workers was kept in mind while passing the Minimum Wages Act. Advantages of Job Evaluation. Workers are very much concerned with the rates of wages as their standard of living is linked to the amount of remuneration they get. procedure for fixing and revising minimum wages (section 5) : In fixing minimum rates of wages in respect of any scheduled employment for the first time or in revising minimum rates of wages, the appropriate Government can follow either of the two methods described below. Qualitative Research Methods and Analysis : ... National Wage Policy | Methods of Wage Fixation | Wages and Compensation | Human Resources - Duration: 15:37. Edupedia World 6,353 views. As a result of the growth of unionism, collective bargaining has become an important method of wage fixation, even though state intervention, adjudication machinery and wage boards retain their primacy in the wage system. Did Bill Nye go to jail? METHODS OF WAGE DETERMINATION IN INDIA: Fixation of wages in India is a recent phenomenon. The fundamentals of minimum wage fixing 3.1.1 Employment 68 3.1.2 Minimum wage 69 3.2 Conventional methods of analysing time series 70 3.2.1 Basic hypothesis 70 3.2.2 Some examples of the results obtained 72 3.2.3 Problems inherent in these methods 73 3.2.4 New methods of analysing macroeconomic time series 76 Revision of Minimum Wages should not exceed an interval of 5 years. Methods of wage fixation Who would you swap lives with for a day? This is a research report on Salary And Wage Fixation uploaded by Rajesh Raj in category: All Documents » Human Resource Management » HRIS section of our research repository. Section 3 empowers appropriate Government to fix the minimum rates of wages in the scheduled employments. The Act accommodates the obligation regarding payment of wages, fixation of the pay period, time and method of payment of wages, an obligation to look for the endorsement or approval of the Government for the acts and consent for which fines might be imposed by him and furthermore fixing of the fines. ii. Which is the verb in this sentence - it is such a nice day? Factors Influencing Wage and Salary Administration The wage payment is an important factor affecting the labor management relations . Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Need based minimum wage. They are: i. iii. 7858 views, 0 comments, Last Update: Feb 13, 2013.

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