7 Functions of the National Salaries, Incomes and Wages Commission

Here in this post, we are going to list out and discuss 7 functions of the national salaries, incomes and wages commission. We hope you find it useful.

The National Salaries, Incomes and Wages Commission is the Federal Government Agency, established sometimes to carry out specific functions.

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The National Salaries, Incomes and Wages Commission’s responsibility is related to the Nigerian workers’ salaries, their wages, and every income accrued to them as monetary benefits.

7 Functions of the National Salaries, Incomes and Wages Commission — National Salaries, Incomes and Wages Commission – Photo Source: http://www.radionigeriaibadan.org.ng

In fact, the National Salaries, Incomes and Wages Commission is charged with a very widely defined responsibility, which indeed, involved comprehensive coverage on every issue that has to do with workers’ salaries, workers’ wages, workers’ income, workers’ compensation, etc.

The National Salaries, Incomes and Wages Commission is directly supervised by the Federal Ministry of Finance, and was assigned some specific functions at its formation, for the purpose of driving its mandate to the point of actualization.

Having said that, in this article, most of the functions of the National Salaries, Incomes and Wages Commission would be discussed.

What Are The Functions Of The National Salaries, Incomes And Wages Commission?

As said earlier, the National Salaries, Incomes and Wages Commission was assigned some specific functions at its formation, and I will in this article be discussing these functions as was assigned to the National Salaries, Incomes and Wages Commission. Below are its functions:

1. Advises The Central Government On Policy Related To National Incomes

One aspect of the National Salaries, Incomes and Wages Commission is that, it advises the federal government. The National Salaries, Incomes and Wages Commission’s function is to make sure that, it advises the federal government on every policy that has to do with national Incomes.

It is also the function of the National Salaries, Incomes and Wages Commission to see to it that, it recommends the proportions of growth of incomes for the purpose of utilizing such incomes growth for increase in general wage.

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This is very important, since it is the National Salaries, Incomes and Wages Commission is keeping the government abreast of the Incomes policy, and the proportions of incomes growth.

2. Informs Federal Government On Current Trends In Wages

This is another key function of the National Salaries, Incomes and Wages Commission. It is incumbent on the part of the National Salaries, Incomes and Wages Commission to make sure that, the federal government is informed on the current trends in wages, including incipient trends in wages too.

It remained yet, another function of the National Salaries, Incomes and Wages Commission to propose guidelines, guidelines expected to be used in confining increase in wages.

This is yet, another important function of the National Salaries, Incomes and Wages Commission, since it is the Commission that is keeping the federal government abreast on the current trends in wages.

3. Keeps Federal Government Abreast On Movement Of Incomes

Another key function of the National Salaries, Incomes and Wages Commission is in the area of keeping the federal government informed on incomes’ movement.

It is expected of the National Salaries, Incomes and Wages Commission to keep the federal government abreast regularly, and in continuous basis about the movement of every kind of income.

In this case too, it is expected of the National Salaries, Incomes and Wages Commission to also propose guidelines that are related to profits, and dividends, as well as, every income apart from wages.

4. Encourages Research On Structure Of Wages

As a Commission that is charged with the workers’ salaries and their wages, including every worker’s financial benefits, the National Salaries, Incomes and Wages Commission is undertaking the responsibility of encouraging research on the wage structure.

The research on wage structure must has a broader range, in order to cover industrial and occupational, including regional, as well as, any other factor. Other areas, where the research on wage should also cover include, income distribution plus household consumption patterns.

This aspect of the function of the National Salaries, Incomes and Wages Commission has brought innovations to the Commission hence, have helped in assisting the National Salaries, Incomes and Wages Commission to deliver in its mandate.

5. Interprets Price Movements And Keeps Prices Under Surveillance

The National Salaries, Incomes and Wages Commission is charged with the responsibility of interpreting price movements.

While interpreting price movements in the country, the National Salaries, Incomes and Wages Commission is expected to relate the interpreted price movements to some other developments recorded in the national economy in the country.

It is also expected of the National Salaries, Incomes and Wages Commission to make sure that, it keeps these prices under a severe and continuous surveillance.

6. Proposes Measures To Be Used In The Regulation Of Prices And Wages

This is another important function of the National Salaries, Incomes and Wages Commission, the proposals for prices and wages regulations.

When we talk about economy, there are different sectors of economy, and so, what the National Salaries, Incomes and Wages Commission does is to work on proposal measures that will help in the regulation of prices and in the regulation of wages.

This regulation of wages and prices must cover every sector of the economy. The control of hoarding is also part of the functions of the National Salaries, Incomes and Wages Commission.

7. Encourages Schemes And Promotes Same For Productivity Increase

Most organizations do employed various schemes with a view to increase return on investment through increase in productivity.

This is one of the innovations adopted by the National Salaries, Incomes and Wages Commission to raise its productivity.

And so, the National Salaries, Incomes and Wages Commission will have to encourage these schemes, in view of the fact that these schemes helped in raising its productivity, and more so, once these schemes are promoted by the National Salaries, Incomes and Wages Commission, the resultant effects would be increase or raise in productivity in every sector of the country’s economy.

Conclusion

The National Salaries, Incomes and Wages Commission is charged with a very widely defined responsibility, which indeed, involved comprehensive coverage on every issue that has to do with workers’ salaries, workers’ wages, workers’ income, workers’ compensation, etc.

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