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formal pay structure with job descriptions and salary ranges

Based on research regarding base pay and the regulations governing equal pay, when and why do you think it is appropriate for a family-owned company to create a formal pay structure with job descriptions and salary ranges? At the opening of the business? After one year in business? When you employ enough people to fall within federal acts governing equal pay? And, do you think this pay structure should be public knowledge? Write a short essay on what you feel is appropriate. Imagine that this paper will be circulated to all the top managers for your company.

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Based on research regarding base pay and the regulations governing equal pay, when and why do you think it is appropriate for a family-owned company to create a formal pay structure with job descriptions and salary ranges?
It is appropriate to have a job description in a family-owned company and to create a formal pay structure because a job description can help you recruit the right person as well as ask the correct questions during an interview. Moreover, if you have a proper pay structure, the recruit knows what increments to expect and this adds to his job motivation. Further, job description communicates to the employees what you need them to do on the job. In addition, job description helps you monitor performance and set up measures of ...

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This solution gives you a detailed discussion on formal pay structure swith job descriptions and salary ranges

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