Question

How does the company prepare pay structure for its employees?

Answer 1

Answer:

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Explanation:

Recognition and competitive compensation are two key factors that impact employee retention. ... Companies compare survey salary data and typically make the necessary salary

Answer 2

Answer:

There are two ways companies can create their compensation plans for base salary: Benchmarking (or market pricing) where each job is assigned an individual salary range based on market trends. Pay grades, where jobs are grouped and salary ranges apply to each group.

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