Why is establishing a pay structure so important for organizations?© BrainMass Inc. brainmass.com October 2, 2020, 5:30 am ad1c9bdddf
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 ...
The response provides a brief discussion on establishing a pay structure in an organization and shows six important reasons for establishing a pay structure.