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employee compensation
mandatory provident fund
Last Update: 2021-07-05
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a salary structure, or pay scale, is a system that employers use to determine an employee’s compensation. a standard salary structure takes into account things like merit, length of employment, and pay compared to similar positions. create a minimum and maximum salary within the structure. you can create a salary structure to help when calculating a raise. to do so, break down each salary structure using pay grades. depending on your business, you may decide to use a combination of different types of salary structure. both you and your employees likely have expectations when it comes to compensation. to get you and your employees on the same page, define your salary structure. that way, employees know their maximum earning potential.
Last Update: 2021-03-17
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