The basic purpose of wage and salary administration is to establish and maintain an equitable wage and salary structure. ADVERTISEMENTS . It is concerned with.... Wage and salary administration is a collection of practices and procedures used for planning and distributing company-wide compensation programs for.... .. ... A wage or pay is the remuneration paid, for the service of labour in production, periodically to an employeeworker. Wages usually refer.... Wage and Salary Administration To establish a fair and equitable compensation offering similar pay for similar work. To attract competent and qualified.... Wage and salary administration refers to the establishment and implementation of sound policies and practices of employee compensation. It includes such areas.... A good wage and salary structure will keep the employees satisfied. There will be lesser labour turnover, industrial disputes and employee grievances and.... .. ... Wage and Salary Administration implies setting up and enacting sound polic