The Salary's administration, refers to the set of rules and procedures that can establish and maintain wage structures equitably with the company.
It can be said that this administration is used by companies as a strategy in the Human Resources area, since they allow the maintenance of quality, also motivate employees with the knowledge, skills, attitudes and skills they need to effectively improve the achievement of the objectives of the business.
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In this article you will find:
Objectives of the administration of wages and salaries
Its objective is to meet the workers mainly, however, there are other important objectives that seek the form of the achievement of an efficient salary administration within the company, among them we can mention the following:
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Obtain qualified personnel
The salary compensation must be sufficient to find qualified people who want to work in the company and want to compete in it. working market on behalf of it. Because of this, salary is one of the most important aspects that organizations must take into account.
Guarantee equality within the company
It is necessary for there to be equal wages among the company's employees in relation to their job positions and for it to be equitable with the workers from other organizations, so that no employee feels that his payment could be better if he were doing it elsewhere with the same position.
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Retain current workers
It is important to prevent workers from leaving the company and high rates of rotationTherefore, the organization must create an appropriate salary policy.
Achieve good performance in the company
The payment must match the job position and be in accordance with the responsibilities assumed by the This means that if the payment is insufficient, the performance of the employee could also decline. employee. A effective compensation and salary policy, it is totally necessary to improve performance in the job position.
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Legal compliance
The legality must be complied with because it is registered in a specific legal framework from which it should not depart, since the Interprofessional minimum wage must be fully respected, as well as the law and professional agreements and union.
Control costs
A proper salary administration can improve to obtain and retain the strength of work in the corresponding prices and thus find the best results.
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Factors influencing the administration of wages and salaries
Among the factors with the greatest influence on remuneration are:
- Person: It is the set of skills, knowledge, abilities, experiences and training that the worker has.
- The company: Every company, together with its culture, types of businesses and values, you can make different payments. There are organizations in which salary payments are many times higher than in others.
- The post: refers to the place that is within the organic structure of the organization. Based on this hierarchies are defined, responsibilities, obligations and the competencies required by the position along with its relative value. This analysis provides the organization with an approximate estimate of the economic value that corresponds to each job position.
- The environment or market: In the same way that the company can affect its environment, it is also conditioned and influenced by its context. Therefore, it is necessary to consider the economic sector, the supply of production, the geographical area, the levels of external payments and their comparison with other organizations dedicated to the same.
Importance of salary and salary administration
East type of administration tends to be of great importance within Human Resources management, since they can represent the tangible reward of their services and in turn as a number of recognitions that cause a significant impact on the quality of life of the workers.
The salary or salary, is the gratification that workers receive in compensation for the effort of their work. In relation to this, the administration of the personnel department guarantees the workers their satisfaction so that they can maintain their productive effort in the work required by the company.
Compensation is an important element that allows the organization to have the Human Resources you need and the workers it provides to satisfy your safety, professional level and your needs.
A salary program needs to be designed that is efficiently administered and meets the objectives of a compensation plan. The flexibility of the organization and the good relationship between the employees should also be increased. With all this, it is possible to guarantee the scope and objectives of the organization, as well as having the opportunity to consolidate the standard of living of all employees.
