impact of wages on employee productivity

According to Humana Resource Philosophy employees are an important business resource that must be managed carefully in order to maximise return on investment and achieve business objectives. According to this theory, treating wage inequality as an independent variable in a model of … The use of questionnaire and personal interview are analyzed on different table, using percentage where appropriate. This study was employed descriptive study; the purpose of descriptive research is to describe an accurate profile of persons, events or situations. 1. Employees’ performance is an essential requirement if an organization is to maintain its efforts towards the realization of predesigned goals. Presented at Accounting and Business National Conference 2012, Widayatama University, Bandung, March 27th 2012. “Productivity and Real Wages: Is There a Puzzle?” Brookings Papers on Economic Activity, Vol. In a free market, he is at the freedom to pay the higher wage if he wishes. Does Wage Inequality A_ect Labor Productivity? As a result, we have what might be referred to as a compensation level for the whole economy. Reasonable salaries must be paid on time, that is, it must be paid as at when due and promptly, as well. So, the manufacturer goes into the labor market to employ men to work for him. for example, consumers will pay significantly more for the services of a talented mind specialist than for the services of a messenger. The calculation of wages not only increases the necessities of worth living, but also increases inflation, financial development, and employee productivity. Secondly, the employment impact of the various structural adjustment measures adopted in the 1980s is re-examined within a general equilibrium framework. Estimation of gender wage differentials using Oaxaca decomposition techniques. Universities – a place that brings a lot of experience and wisdom in one’s life. IMPACTS OF WAGES ON EMPLOYEES PRODUCTIVITY 3 Productivity can be defined as the ration of input (like human efforts) to the result obtained in terms of service or tangible products. On the other hand, the Employees productivity plays … Individual characteristics that affect performance include age, gender, and education, length of employment, job placement and work environment. Organizational productivity depends on the employee’s performance. (2012), Effect of Financial Incentives, Attractions Tasksand Situational Factors to   Performance. The results Wages is very important for employee productivity because Lack of reward is potential reason of decreasing employee’s productivity and wage is the most influence production, Successful employee gets his/her rights through pay system for their wages and Mineral water industries give good salary to promote quality of work . Individual dimension related to the characteristics of the personality qualities of the individual shows up as mental attitude and individual endeavors to improve personal satisfaction. The results showed that the wage on positive impact on employee productivity among companies. E-mail: iza@iza.org . IMPACT OF WAGES INEQUALITY AND EMPLOYEE PRODUCTIVITY. 6 The Impact of Previous Training on Productivity and Wages John H. Bishop 6.1 Introduction Workers who are assigned to the same job and paid the same wage often differ greatly in productivity. By mrunal parashar, As society wrestled with these The aim of wages and salaries administration program of Sona Breweries is to improve the quality of productivity and to prepare employee for greater organisation … Ana Sofia Lopes . This research study focuses on the impact of wages and salaries administration on employee productivity with a case study of SONA Breweries Nigeria Plc, Km 38, Lagos Abeokuta Expressway, Sango-Ota, Ogun State. This study was conducted among mineral water industries in Mogadishu. CERTIFICATE FROM INSTITUTE 4. The researcher was faced with some problems in … This research study focuses on the impact of wages and salaries administration on employee productivity with a case study of SONA Breweries Nigeria Plc, Km 38, Lagos Abeokuta Expressway, Sango-Ota, Ogun State. 7036 November 2012 IZA . I’ve written before about what I call the ‘real iron law of wages’. In the era of Globalization, market economy, hyper competition and rapid changing environment, the success of an organization depends on the employees’ performance. Asian Paci_c Management Review. The researcher selected a number of industries such as Afi Mineral water, Jema mineral water and Coca Cola. So, if the employer thinks the employee will add $10ph to revenue, they will pay up to that. Evaluating the wage differential between public and private sectors in Brazil. Brosnan, 2003; Brosnan & Rea, 1991; Brosnan & Wilkinson, 1988 & The purpose of this research work is to know the impact of wages and salaries administration on the staff of Sona Breweries Nigeria Plc. age, gender, level of education and experience, research objective one and research objective two accompanied by a four point Likert scale. Training has a positive im- pact on productivity and wages. Why have wages in the administrations expanded throughout the years about as much as those in highly automated industries? Factors used in the measurement of labor productivity include the quantity of work, quality of work and timeliness (Simamora, 2004). In this way, an employee is an investment, and the investment should, in theory, provide a worthwhile return to the company. In “Effects of Low-Wage Employment on Family Well-Being,” Ohio State professor Toby L. Parcel cites a 1984 study of parent-child relationships that suffer as a result of low wages and states: “Low wages limit the material resources parents can provide for their children, and low wages can produce feelings of distress that affect parent-child interaction.” To evaluate the impact of wages and salaries administration as a tools for motivating, promoting, training, and staff development in order to enhance employee productivity. INTRODUCTION. Therefore, In this Study, we investigate the Impact of wage on Employee productivity empirically. The study examines the influence of wages and supervision on employee’s productivity for Sunyani Technical University using standard Ordinary Least Square method (OLS). The paper focuses on only the effect of wages and supervision on productivity of employees and no other determinants of productivity and performance such as promotion, work itself, and working conditions. CHAPTER ONE. Download Complete Project / Seminar Research Material on "Impact Of Wages Inequality And Employee Productivity" for Business Administration and Management Most respondents comply there is no minimum wage system, so the government specially, public agencies should ensure these needs to reach efficiency. The findings are challenged by … The sample size of this study would be 100 of respondents. 7036 November 2012 IZA . (2001) implies that a well-constructed compensation package will enhance productivity through attraction of higher levels of talent, increased effort, and reduced turnover. Wages are very important for the industry because it reflects the industry’s efforts to defend human resources in order to have a high loyalty and commitment to the industry. Ford nearly doubled the average wages of workers at nearby manufacturing plants, calling the move his “finest cost-cutting move” because of substantially increased productivity. Worker Productivity and Wages: Evidence from Linked . Tjahyanti, S. (2013), Effect of quality of work life on the productivity of employees. Ultimately, the importance of employee productivity lies in the fact that the amount of money a company spends on employee wages should be less than what the employee earns the company through his work. So, he will probably choose to pay the going wage for his laborers, or simply enough more to fill his needs, and utilize the vast majority of his technological advantages to reduce costs to the buyer and construct his market. One of the purposes of someone being the employee or a labor of a company is to earn an income in the form of wages or compensation.

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