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Wage/salary factors; training methods

Short answer

Wage factors include labor supply-demand, ability to pay, cost of living, legal minimums, union bargaining, and job evaluation. Training methods are on-the-job (coaching, rotation, apprenticeship) and off-the-job (lectures, simulation, case study, vestibule training).

What are the different factors that affect wage/salary structure? Explain different methods of training manpower.

Factors affecting wage/salary structure

  1. Supply and demand of labour: Scarce skills pay more.
  2. Ability to pay: Profit and financial strength of the firm.
  3. Cost of living: Rising prices push wages up.
  4. Laws: Labour Act, 2074 and the minimum remuneration fixed by the Government of Nepal.
  5. Trade union bargaining.
  6. Job evaluation: Difficulty, responsibility and skill level.
  7. Employee's education, experience and performance.
  8. Prevailing rates in the industry and region.
  9. Management policy.
  10. Working conditions and risk.

Methods of training manpower

A. On-the-job training

  1. Job instruction/coaching: A supervisor shows and guides the trainee.
  2. Job rotation: Moving between jobs to widen skills.
  3. Apprenticeship: Combined classroom and work, common in technical trades.
  4. Understudy/assistantship: Learning under a senior in order to take over later.
  5. Internship for fresh graduates.

B. Off-the-job training

  1. Lectures, seminars and workshops.
  2. Case study: Analysis of real situations.
  3. Role play: Acting out situations to learn skills.
  4. Simulation: Models of the real task, e.g. a flight simulator for pilots or a control-room simulator for power-plant operators.
  5. Programmed instruction and e-learning.
  6. Vestibule training: Practice on duplicate equipment away from the production floor.
  7. Conferences and study tours.

On-the-job training is cheaper and practical; off-the-job training allows concentration on theory. A combination is best.

✓ Answer checked by Claude Opus 5.5 (high effort)

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