Salary Structures
A salary structure is a framework that outlines how employees are compensated within an organization. It typically includes various pay grades or levels, each associated with specific job roles and responsibilities. This structure helps ensure that salaries are competitive, equitable, and aligned with the organization's budget and goals.
Salary structures often incorporate factors such as market rates, employee experience, and job performance to determine pay levels. By establishing clear guidelines, organizations can maintain consistency in compensation, making it easier to attract and retain talent while promoting fairness among employees.