Salary Structure Definition | Patriot Software

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:

  • Seniority
  • Education
  • Experience
  • Skills

Salary structures must comply with the Fair Labor Standards Act, which includes provisions for fair payment of wages.

Related Article
3 Types of Salary Structure You Should Know

Last Updated By

Rachel Blakely-Gray | Apr 28, 2023

Check out Our Payroll Software

See a Demo

Back to Top