salary administration

Salary administration refers to the management and organization of employee pay within a company. It involves creating compensation structures that determine how much employees are paid based on their roles, experience, and market standards. This process includes setting salary ranges, conducting salary reviews, and ensuring fair and equitable pay practices. Effective salary administration helps attract and retain talent, motivates employees, and maintains compliance with labor laws. Ultimately, it is crucial for balancing employee satisfaction with the organization's budget and financial goals.