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    Wage Boards

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    Gitanshu
    The document discusses wage boards in India. Wage boards are tripartite committees that determine fair wages in industries and regions based on social and economic policies. They were established to standardize wages, improve industrial relations, and resolve wage disputes. The first wage boards were set up in the cotton textiles and sugar industries. Wage boards determine wages and other matters like working hours. They represent the interests of labor, management, and the public. Their recommendations inform various wage acts and legislation. Factors considered include minimum needs-based wages, industry capacity to pay, and productivity. However, wage boards can be time-consuming with non-unanimous recommendations that are not always fully implemented. Re

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    Wage Boards

    Uploaded by

    Gitanshu
    881 views14 pages
    The document discusses wage boards in India. Wage boards are tripartite committees that determine fair wages in industries and regions based on social and economic policies. They were established to standardize wages, improve industrial relations, and resolve wage disputes. The first wage boards were set up in the cotton textiles and sugar industries. Wage boards determine wages and other matters like working hours. They represent the interests of labor, management, and the public. Their recommendations inform various wage acts and legislation. Factors considered include minimum needs-based wages, industry capacity to pay, and productivity. However, wage boards can be time-consuming with non-unanimous recommendations that are not always fully implemented. Re

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    The document discusses wage boards in India. Wage boards are tripartite committees that determine fair wages in industries and regions based on social and economic policies. They were established to standardize wages, improve industrial relations, and resolve wage disputes. The first wage boards were set up in the cotton textiles and sugar industries. Wage boards determine wages and other matters like working hours. They represent the interests of labor, management, and the public. Their recommendations inform various wage acts and legislation. Factors considered include minimum needs-based wages, industry capacity to pay, and productivity. However, wage boards can be time-consuming with non-unanimous recommendations that are not always fully implemented. Re

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    881 views14 pages

    Wage Boards

    Uploaded by

    Gitanshu
    The document discusses wage boards in India. Wage boards are tripartite committees that determine fair wages in industries and regions based on social and economic policies. They were established to standardize wages, improve industrial relations, and resolve wage disputes. The first wage boards were set up in the cotton textiles and sugar industries. Wage boards determine wages and other matters like working hours. They represent the interests of labor, management, and the public. Their recommendations inform various wage acts and legislation. Factors considered include minimum needs-based wages, industry capacity to pay, and productivity. However, wage boards can be time-consuming with non-unanimous recommendations that are not always fully implemented. Re

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    You are on page 1of 14

    WORKING OF

    DIFFERENT
    INSTITUTIONS
    RELATED TO REWARD
    SYSTEMS(WAGE
    BOARD)

    Institutions Related to Compensation

    Wages Board
    Commissions

    Pay

    What is Wages Board?


    oA committee who determine the fair wages
    oBased on industry cum region
    oTo provide better climate for industrial relations
    oTo standardize wages structure in the industry
    oIn accordance with the social and economic policy
    of the government
    oTripartite in nature

    Growth and Development of


    wages board
    Industrial dispute act was enacted under which wages regarding
    disputes could be settled through adjudication
    The parties were not satisfied with that ,thus the idea of setting up
    a triplicate wages board was mooted and endorsed in first plan
    The second plan determine wages through industrial wages
    boards
    Headquarters of wage board will be in New Delhi

    It consists of equal representative of employers and


    workers and an independent chairman for a
    acceptable decision

    First wages board was set up in cotton textiles and


    sugar industries

    Scope of wages board


    Improve conditions for better industrial relations in the
    country

    Standardize wages structure uniformly across


    a given industry

    Pave the way for wages settlement in consonance social


    and economic policies

    Functions of wages board


    To determine the wages payable to employees

    To appropriate government or the organizations of employers and


    employees by mutual agreement

    Determination of other matters regarding disputes between two parties


    Hours of works etc.

    Composition of wages board


    It is a triparties representing the interest of labor
    ,management and the public

    Labour and management representatives are maintained


    in equal numbers by the government

    These board are chaired by government nominated


    representing the public

    Regulated acts by wage


    board
    The Payment of Wages Act 1936
    The Minimum Wages Act 1948
    The Industrial Disputes Act 1947
    The Payment of Bonus Act 1965
    The Equal Remuneration Act 1976

    Factor affecting wage board


    Need based minimum wages
    Industrys capacity to pay
    Productivity of labour
    Prevailing rates of wages
    Various wage legislation
    Level of income and its distribution

    Place of the industry in the economy


    Needs of industry in a developing economy
    Requirements of social justice
    Need to provide incentive for improving productivity

    Weekness
    Time consuming (long time in completing their task)
    Majority of recommendations are not unanimous
    Recommendations are not fully implemented

    The National Commissions give following


    measures for effectiveness of wage board
    Required to submit recommendation with in year
    Unanimous recommendations should be made
    statutorily binding
    Recommendations should remain in force for five
    year period
    Manual procedure should be prepared

    Thank You

    Made By:Ritu Aggarwal


    Reenu Khatana
    MBA(3rd Sem)

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