Salary scales are the salary ranges you offer a new hire for a specific job. They indicate the minimum and maximum salaries you pay a candidate for a job, which you may publish on a job ad and use to dictate the salary you give a new recruit. The lower side of the wage range represents how much you’d pay someone who fulfills the role’s minimum standards, while the upper side is how much you’d pay someone who fits all of your requirements and preferences and is regarded as an outstanding hiring.
Here are the best practices for setting salary scales:
- Design the salary scale before looking at resumes
- Use research to find competitive rates
- Base the salary scale on your organization’s pay grades
- Consider hiring a compensation consultant
At professional Recruitment, we build, design, verify salary scale using a unique structured methodologies toward employee career growth and retention. This in return helps employers understand what the employee hopes to receive and how they value their worth as it is an effective method potential candidates may use to negotiate their pay and benefits.