Salary Structure Calculator Excel Template
Originally published: 09/03/2022 15:39
Last version published: 23/10/2023 08:10
Publication number: ELQ-73744-2
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Salary Structure Calculator Excel Template

Create a Salary Structure for your organization within minutes in Excel

Description
A good Salary Structure ensures that the process of determining the salary for each employee is fair and that there is pay equity among employees. It should also motivate employees to grow in their career within the company.Want to create a Salary structure for your organization or company with just a few clicks? Would you like to create a customized Pay Structure that suits your company needs, within a few minutes?Look no further. We present a Simple and Effective solution to creating salary or pay structures using an Excel spreadsheet3 Simple Steps1. Choose Input Scenario2. Enter input values3. View Automated Salary StructureSimple InputChoose Input Scenario applicable for your companyDepending on the input scenario you choose, enter specific input values.Automated Salary StructureThe Salary Structure visuals will be automatically generated by the template based on the inputs you provide.What is a Salary Structure? Why do we need it?In any organization, there will be multiple types of jobs in terms of function and multiple levels of job in terms of accountability and responsibility. Hence salary will vary. However, we want to make sure that the process of determining the salary for each employee is fair and there is pay equity among employees. This is where a defined salary structure comes into play. Download instantly and use. Simple and Effective tools for HR.

This Best Practice includes
1 Excel Template, 1 Excel Template with Sample Data

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