Wage and Salary Administration

Several factors should be considered when determining a fair and equal wage across the labor force. Preservation of the existing labor force, while minimizing the impacts on a business being able to maintain their competiveness is a critical

What is wage discrimination? Wage discrimination (also known as compensation or Pay discrimination) is “when employees performing otherwise substantially equal work do not receive the same pay, or remuneration, for their effort” ("Compensation Discrimination"). This type of discrimination can happen at the same time as other types of discrimination, but the most common kinds are gender and racial. Racial wage discrimination has mainly been eradicated due to how many civil rights laws have been passed. Gender wage discrimination, however, is still quite prevalent in today’s culture.

Finally, the pay gap is simply the obvious discrepancies between the pay of men and the pay of women, for the same job in many cases. All of these theories have explanations for the gap that seem logical.

* Salary – This is your basic hourly rate which you will be paid per hour you work not including breaks

The IRS requires employers to report wage and salary information for employees on the W-2 form. The W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return. To insure you have it in

In this country, getting paid to perform your job is understood. It is routine. It is expected. It is right. But how is one employee’s salary regarded in comparison to another employee’s salary? Do these salaries have to be equal? Most would agree that if both employees are performing the same tasks at the same establishment with the same amount of dedication and efficiency, equal pay is deserved. But what about if one employee is male and the other female, then on what grounds are their salaries determined? This answer shows its true colors through the life of one woman working for a well established company where nearly all employees were men, and for her particular position, she was the sole female. Her efforts to overcome pay

Wage gap is the statistical indicator of the significant difference of women's earnings relative to men’s. In America a

General salary compensation refers to an amount of money that you pay an employee for the work they do without consideration for quantity or quality of the work performed (Entrepreneur Media, Inc., 2013).

Equal Pay is a topic that has been highly talked about for decades in the professional world. Whether it’s between men and women having “same pay” or whether its race, this topic will always have a significant place in the work world. What exactly is “equal pay?” Equal pay entails that an employer must pay a male or female employee equally for the work

A disadvantage is that some people find some hourly jobs degrading and undesirable with few opportunities for bonus or advancement. Analysis: Salaried employees generally make a large sum of money and have extra benefits such as, no time clock, better bonuses, guaranteed wages, opportunities for faster advancement, and breaks/lunches at will. Hourly employees do not have these advantages. A benefit of hourly wages is that you can reduce cost based on volume by changing the scheduling of the hourly staff based on business need. Hourly pay is pre-determined and can be different hourly amounts for straight time, overtime, or weekend and holiday pay based on if you are a union or non-union facility and based on the contracts you have with the hourly workforce. b. Commission/Productivity-Based Compensation

These both tend to describe certain aspects of wages and salaries as they relate to the benefits extended to employees.

Pay, paid vacation, personal days, health insurance and bonuses. In the year 2000 there were many jobs that people

When deciding on pay rate you have to take into consideration as to where your business is located, are the cooks getting minimum wage or higher, are the hostess getting paid server minimum wage plus tip outs or are they getting the normal minimum wage amount same with bussers, also with management you have to consider people are coming to work for you from somewhere else either in hopes of making more money or to better themselves. Either way you will have to know if you can afford to do what you are wanting to before you do the hiring and telling people what the pay rate is.

2. For the purpose of this article, "pay" means the ordinary basic or minimum wage or salary and any other consideration, whether in cash or in kind, which the worker receives directly or indirectly, in respect of his employment, from his employer.<</p>

Nominal wage is the amount received in the form of remuneration for work done by human activity/production. It is a wage that is a combination of salary, bonuses and other compensation. Nominal wages are paid for those working in both white and blue collar industries. Real wages are calculated by adjusting the nominal wage for inflation. It is calculated by dividing the dollar amount by one plus the rate of inflation. The formula for calculating this is given below;