Coursehero the importance of compensation structures
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Every company, business, or organization that pays workers has some form of compensation structure. These documents, usually produced and maintained by human resource (HR) departments, establish salary ranges for each paid position. The configuration and scale of pay are dependent on the specific duties to be performed as part of each position. The pay scale for workers at every level includes minimum and maximum amounts that are outlined in the structure, and pay variations on the scale often take skill level and experience into account.
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