Because benefits packages are more complex than pay structures, they are sometimes harder for employees to understand and appreciate. This is a true statement.
An organization's hierarchy of positions and salary ranges is known as the salary range structure, or salary structure. The value of a job on the external market and/or the value of a job to an organization internally are typically reflected in salary structures as pay grades or job grades.
Salary structures offer recommendations for compensation decisions. They aid in removing arbitrary increases that are significantly higher than necessary. Additionally, planning for future costs is much simpler if management is aware of the minimum and maximum compensation for each job.
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