Salary Structure Definition
This is the method by which all employee salaries are established and carried out within a business organization. It is based on the credentials of each employee and current market values.
Salary Structure Extended Definition
Many small businesses have a salary structure that is acceptable for specific positions according to several factors, such as:
Salary structures must comply with the Fair Labor Standards Act, which includes provisions for fair payment of wages.
3 Types of Salary Structure You Should Know
Last Updated By
Rachel Blakely-Gray | Apr 28, 2023