Pay Scale
A pay scale is a system that outlines the range of salaries or wages for specific jobs within an organization or industry. It helps employers determine how much to pay employees based on factors like experience, education, and job responsibilities. Pay scales can vary widely between different sectors and regions.
Typically, a pay scale includes various levels or grades, each associated with a specific salary range. For example, entry-level positions may have a lower pay scale, while senior roles, such as managers or executives, are placed on higher scales. This structure promotes fairness and transparency in employee compensation.