Deciding on a Pay System
If we didn’t get paid, we wouldn’t go to work. Deciding how your business’s salaries will be structured is an important part of ensuring that employees are compensated fairly for the work that they do for you. Salary cannot be arbitrary or based on something as whimsical as employee likeability. There are many different methods to create your payment structure to the benefit of your employees and your organization.
- Types of pay grade levels
- How standard pay grade levels work
- Other common methods of structuring salaries
- Other factors that should help determine salary