WAGE AND SALARY ADMINISTRATION AT CREATIVE TECHNOLOGIES

Abstract

Certainly, the recognition of the significant benefits of incorporating project management into the
compensation and salary administration program is imperative for its guaranteed advantages. In some organizations,
project management is considered a strategic business role, while in others, it is perceived as a part-time profession.
This complexity is further heightened when dealing with key employees who report to multiple supervisors. For
effective project management, it is essential that project managers have a formal or informal commitment to the
employee's performance assessment. In this context, the following section presents pertinent insights into salary and
compensation administration, offering a brief overview of nine primary performance appraisal methods. These
methods encompass paper assessment, graphic rating scale, field study, forced choice rating, critical incident
appraisal, management by objectives, work-standards approach, ranking methods, and assessment centers