Labour Remuneration and Management of Payroll Accounting in Business Organizations

Nigerian Journal of Management and Social Sciences, Vol. 2, No. 2, July 2005

6 Pages Posted: 27 Mar 2011

See all articles by Emmanuel Ikechukwu Okoye

Emmanuel Ikechukwu Okoye

Nnamdi Azikiwe University - Department of Accountancy

Date Written: 2005

Abstract

Labour has been one of the vital factors, or has contributed a lot to the development of every organization. In fact, without labour, no organization can accomplish its objectives or goals. Hence, the existence of labour, just to ensure that organizational goals are achieved. In providing labour for production of goods and services, man is paid wages as a reward to labour, that is to say, Labour is essential to production without which production is incomplete. Wages (remuneration) as a reward to labour is a great incentive to workers to increase productivity Remunerations are therefore wages paid to stimulate labour and productivity Labour itself is the exertion of mental and physical human effort on production activities with a view to ensuring organizational goal and objective.

Keywords: labour renumeration, payroll accounting

Suggested Citation

Okoye, Emmanuel Ikechukwu, Labour Remuneration and Management of Payroll Accounting in Business Organizations (2005). Nigerian Journal of Management and Social Sciences, Vol. 2, No. 2, July 2005, Available at SSRN: https://ssrn.com/abstract=1792304

Emmanuel Ikechukwu Okoye (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

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