Summary of the Salary Theory and its Relative Theories

Chapter
Part of the SpringerBriefs in Business book series (BRIEFSBUSINESS)

Abstract

Salary is the remuneration to the service of the employee by the employer and a tool of payment in the form of currency. It includes the base and the auxiliary. The former refers to the foundation to determine various allowances, insurances and bonuses. The standards to decide the basic pay consist of the following factors: labor’s skills, work experiences, labor intensity, responsibility, work importance in the enterprise strategy, fields, conditions, work years, and diploma, etc. The latter includes allowances, bonuses, free working meals, housing subsidies, etc., of which the bonuses are the remunerations to the extra labor or contributions, and allowances are those to the special labor consumption or to the extra living expenditure in the special working conditions, for example, for the particular post, or positions, or labor time, etc.

Keywords

Labor Cost Trade Union Human Resource Management Productive Element Pareto Improvement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© The Author(s) 2013

Authors and Affiliations

  1. 1.Business SchoolJianghan UniversityWuhanPeople’s Republic of China

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