Salary Structure
A salary structure is a framework that outlines how employees are compensated within an organization. It typically includes various pay levels, grades, or bands that categorize jobs based on their responsibilities, skills, and market value. This structure helps ensure fairness and consistency in employee compensation.
Organizations often use a salary structure to establish clear guidelines for salary increases, bonuses, and promotions. By defining pay ranges for different positions, companies can attract and retain talent while maintaining budgetary control. This approach also aids in compliance with labor laws and regulations related to employee compensation.