22-09-2012, 11:03 AM
THE IMPACT ON REMUNERATION AND WORKING CONDITIONS ON ORGANISATION PRODUCTIVITY
THE IMPACT ON REMUNERATION.doc (Size: 55 KB / Downloads: 74)
INTRODUCTION
Remuneration is an important instrument that can insert into the workers, the strong effect to bring out their best in order to attain organizational objective. Remuneration is concerned with the wage and salary administration for various jobs within a particular organizations in other words remuneration is a form of compensation given to workers in exchange for work they performed. Compensation is grouped into direct and indirect.
Direct compensation is the financial payment made at the time work is performed examples of direct compensation are wages, salaries, overtime pay, commission and bonuses. Wages are usually distinguished from salaries and refer to direct compensation received by a worker paid according to hourly rates.
A worker paid on monthly, semi-monthly or weekly basics received a salary. Workers receiving a salary receive their pay according to the specific number of hours they work. Besides, wages and salaries, workers are also compensated for their efforts by certain benefits such benefits are paid during vacation days and holidays. Health care, insurance and pensions are forms of indirect compensation. Before remuneration can make an employee to work very well, it must have to be interns of the effort the job needs in other words a motivating remuneration is the one that is equitable to workers contribution towards the achievement of the organization’s objectives.
BACKGROUND OF STUDY
The term “working condition” is very wide. It is wide in the sense that it involves diverse aspects of administration and management, such aspects as office environment, office communication, and motivation e.t.c.
Office environment as factor of working condition affect the performance of workers. Workers today are more educated than before they are likely to raise questions about their environment of work, since, management is in itself a dynamic process, it has to support and address itself to the provision of good environment of work for workers for increased productivity.
OBJECTIVES OF THE STUDY
Objectives is to critically examined the list of available conditions of workers and better pay packages, their practicability and execution, as well as their importance towards improving the performance of the workers. Hence, the basic aims of the study includes:-
1. To identify the effects of working conditions and compensation on workers performance.
2. To examine the mode of compensations currently applied in life breweries and how effective they are in motivation of workers.
3. To determine what an organization should bear in mind when designing remunerations for workers.
4. To identify the strategies that are available to the life brewery in order to obtain the greatest capacity of workers.