pay structure
How wages work
Pay structure refers to how an organization arranges compensation levels and ranges for its employees.
It typically includes job grades, salary bands, and the criteria for advancement between them.
A well-designed pay structure balances internal equity—similar pay for similar work—with external competitiveness: The company revised its pay structure to attract senior engineers.
Also called compensation structure or salary structure.
- salaryFixed periodic employment payment
- pay gradesStructured compensation classifications
- hourly wagePay calculated per hour
- living wageIncome covering necessities
- minimum wage lawsLegislated lowest permissible pay
overtime pay · overtime rules · job classifications · profit-sharing · bonuses · anti-discrimination laws · cost-of-living adjustments · commissions · merit-based pay · pay bump · labor contracts · allowances · benefits · tax codes · severance pay · stock options · golden parachute · employment agreements
- pay scalespay scale, pay grade, pay grades, pay range, wage scale
- wage datawage rates, wage levels, pay rates, pay scales, pay grades
- wageswage, salary, pay, paycheck, income
- pay equityequal pay, pay equity, pay equality, pay parity, wage equity