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 spreadsheet
Choose Input Scenario applicable for your company
Depending on the input scenario you choose, enter specific input values.
Automated Salary Structure
The 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.
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This Best Practice includes
1 Excel Template, 1 Excel Template with Sample Data