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.

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Last Updated By

Rachel Blakely-Gray | Apr 28, 2023