Salary Management refers to the process of planning, organizing, and controlling employee compensation within an organization. It involves setting salary structures, determining pay scales, and ensuring that salaries are competitive and equitable. Effective salary management helps attract and retain talent while maintaining budgetary constraints. Additionally, Salary Management includes regular reviews and adjustments based on performance, market trends, and inflation. Organizations often use tools like salary surveys and benchmarking to inform their decisions. By implementing a fair and transparent salary management system, companies can enhance employee satisfaction and motivation.