Key words
Business economics and administration of wages
Objectives
Human resource management concerns all activities that a human resource officer develops within a labour organization, starting with executive and administrative tasks and going up to taking part in strategic policy of the organization.
At the operational level there are a number of administrative and control tasks, like calculation of wages, administration of wages, keeping up important data and putting into practise of the constantly changing social insurance law. These tasks are discussed thoroughly in the first part of the course "Administration of wages".
Human resource management should not be an isolated position with a one-sided attention for social objectives. Human resource management searches for an equally coordination and a mutual tuning of human resources and technical-economical factors and for an ideal integration of social and economical interests.
In order to have an impact on the management and on the policy decisions, the human resource officer should work together with other disciplines and should have a sufficient organizational, legal, financial and (business)economical knowledge.
This knowledge, except the legal knowledge, is discussed among other things in the part "Business economics" of this training module.
Links towards courses of the first year
- Economy : the students must have a thorough command of a number of economical basic notions.
Links towards courses of the second year
- Labour legislation and Social security legislation : the students must have a thorough command of a number of basic notions of these training modules.
- Social economy : business economical possibilities and limitations are often influenced or determined by social economical factors, e.g. striving for maximum profit, productivity increase, concentration and scale enlargement facing the point of view of the trade unions and environmental legislation.
Topics
Business economics
- Introductory notions : economy and trade, classification of trade.
- Industry and enterprise : notion, divers types.
- Organization of the enterprise :
* internal organization : departments in an enterprise, organization systems, commercial policy, technical policy, staff management
* external organization : optimum largeness of an industry, the issue of settlement, place in the trade column, concentration.
- costs : real and standard costs, direct and indirect costs, overhead and variable costs, break-even analysis.
- annual report and analysis of the annual report.
Administration of wages :
- the legislation concerning the right of salary and the protection of wages : the notion wage, rules concerning payment of wages, wages in kind, the minimum monthly wage, deduction from wages, cede of wages and seizure on wages, money of maintenance, overtime payment.
- calculation of wages and salary : technique, the social security, the taxation of wages.
- administrative formalities of the employer.
- administration of wages : manual (case-study) and demonstration of a software package for administration of wages.
Prerequisites
Business economics : basic knowledge of contents :
- subject "Economy" (1st year)
- subject "Social economy" (2nd year)
Administration of wages : basic knowledge of contents :
- subject "Labour legislation" (2nd year)
- subject "Social security legislation" (2nd year)
- subject "Social economy" (2nd year)
Final Objectives
Business economics
Students :
1) indicate correctly the classification of trade in sectors, based on borders, task and largeness
2) indicate correctly the difference between an industry and an enterprise and elucidate correctly the diverse types of industries and enterprises
3) elucidate correctly the most important ways to organize, indicate the most important departments in an enterprise and elucidate correctly the importance, the function and the working of these departments
4) elucidate correctly the issue of the optimum largeness of an industry, the selection of settlement, and the trend to concentration and scale enlargement
5) define accurately real and standard costs, direct and indirect costs, overheads and variable costs and make a break-even analysis
6) define accurately the notion annual report, and elucidate correctly the purpose of the annual report and the obligations of enterprises concerning the drawing up of the annual report
7) elucidate correctly the construction and the structure of the annual report
8) analyse the annual report
Administration of wages
Students :
1) define accurately the notion wage according to the law of 12th of April 1965, concerning the right of salary and the protection of wages
2) elucidate in a correct manner : rules concerning payment of wages, wages in kind, the minimum monthly wage, deduction from wages, cede of wages and seizure on wages, overtime payment
3) calculate wages and salary and fill in the documents concerned
4) explain in a correct manner the structure of the government service for social security
5) calculate the employers' contribution for social security, the annual adjustment and reductions
6) explain in a correct manner the obligations of the employer against the government service for social security and the fiscal administration
7) elucidate in a correct manner the administrative formalities of the employer
8) elucidate in a correct manner the possibilities and the use of a software package for administration of wages
Materials used
- Teacher's course
Study costs
Teacher's course : approximately 10,00 EUR
Study guidance
Group monitoring on request
Teaching Methods
- Lectures
- Case studies
- Exercises
Assessment
Scoring system:
- Business economics : written examination
- Administration of wages : written examination
June
Lecturer(s)
Jacques DE BRUYCKERE
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