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    Importance of Establishing a Pay Structure

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    Why is establishing a pay structure so important for organizations?

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    Establishing a pay structure is important because it serves as a catalyst to organizational unity and fairness.

    Other reasons why a pay structure is important are:

    1.) Equity and equality
    Pay structure serves as "internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a ...

    Solution Summary

    The response provides a brief discussion on establishing a pay structure in an organization and shows six important reasons for establishing a pay structure.