SNS College of Technology

Coimbatore - 35

19BATE718-COMPENSATION AND REWARD

MANAGEMENT
Unit II-Wage Determination

Topic: Guess?????

Department of Management Studies

Presented By,

Ms. VISHNUPRIYA V
 Recap

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 02/12

 Connect these
Pictures….

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 03/12

 What is Minimum Wages?

▪ The minimum wage is a legally mandated price floor on

hourly wages, below which non-exempt workers may not be
offered or accept a job.

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 04/12

 The components of a wage

 Basic pay
 Annual bonuses
 Tips
 In-kind benefits
 Productivity and performance pay
 Allowances and premiums for non-standard work
hours or dangerous work.

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 05/12

 Federal Minimum Wage vs. State Minimum
Wages
▪ The Federal minimum wage, individual states, cities,
and localities may pass different minimum wage
requirements, provided the stipulated hourly wage is
not lower than the federal minimum wage.
▪ An employer who is subject to the federal and state
minimum wage requirement must pay the higher of
the two.

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 06/12

 S

State Minimum Wages vs. Municipal Minimum

Wages

▪ In some cases, cities and municipalities may set a higher

minimum wage for their residents to account for more
expensive living costs than in the rest of the state. 

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 07/12

 Time for the
assessment…

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 08/12

 MCQ

1. Minimum Wages Act _______

2. Different Between State Wise Minimum and Feral

Minimum

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 09/12

 Summary

 Minimum Wages.
 The components of a wage
 State Minimum Wages vs. Municipal Minimum
Wages
 Federal Minimum Wage vs. State Minimum
Wages

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 10/12

 Reference

 https://blog.easysourceindia.com/reward-management-i
n-hrm/
 https://www.slideshare.net/VishalHotchandani2/reward
-management-183453022
 https://corehr.wordpress.com/compensation/reward-
management/

01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 11/12

 REACH US

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01.02.2021 Ms.V.VishnuPriya AP / MBA – CRM 12/12