wage and salary administration

wage and salary administration definition - business

wage and salary administration

The establishment and management of an organization's compensation policy, including the maintenance of employment records and the setting of job classifications, wage brackets, overtime policy, and salary review plans.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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