Pay delivery administration. Jayendra Rimal. Introduction. Employees develop an unique view of the relationship between pay and assigned job, pay and performance, pay as part of the total compensation package. As a result employees seek some answer to the following: When is the next pay day?
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Employees develop an unique view of the relationship between pay and assigned job, pay and performance, pay as part of the total compensation package. As a result employees seek some answer to the following:
Employees then seek answers to a second set of questions which affects worker performance, organizational productivity and profitability. They recognize that job dictates more than supporting a standard of living but also defines social status and economic worth, some questions:
Compensation personnel have a role in defining the budget for the upcoming period. The operating budget has the HR expenses, which is a significant part. Usually personnel costs are developed by department heads then passed on to the CFOs. The CFO will include this cost in the overall budget and pass it on to the CEO. In many cases a compensation committee with directors may perform some or all of the following activities:
Others involved in the budget decision:
The administration of pay includes three steps:
Some of the functions that are carried out may include:
Other issues in the administration of pay includes: