Wage and Salary Structures

Wage and salary structures refer to the organized system a company uses to determine how much employees are paid. They establish pay ranges based on job roles, responsibilities, experience, and skills. This structure helps ensure fair compensation, motivate employees, and maintain internal consistency. It typically includes different levels or grades, with benchmarks for starting pay and raises. By having a clear structure, organizations can manage salary increases systematically and remain competitive in the job market. Essentially, it’s a way to ensure employees are paid appropriately for their work in a transparent and equitable manner.