salary structures

A salary structure is a framework that organizes and defines how employees are paid within an organization. It consists of different pay grades or bands that correspond to various roles, responsibilities, and experience levels. Each level has a salary range, including minimum, midpoint, and maximum pay, ensuring transparent and fair compensation. This system helps align pay with the value of the job, promotes internal equity, and supports career development. Essentially, salary structures provide consistency and clarity in compensation, aiding both employers and employees in understanding how pay decisions are made.