Factors Influencing Salary
Salary is linked to:
1. Jobs (tasks) to be performed
2. Organizational Hierarchy Level
3. Academic Qualifications
4. Relevant Work Experience
5. Other Suitability (such as ability to communicate, gel well with others, commitment, decision-making, etc.)
6. Dearth or abundance of capable candidates and inter alia
7. Promotion prospects
Aligning Salary Structure with Organizational Goals
Articulate, in your way, your need-based preferences in alignment with your mission, vision, and values. Then, your startup business organization will be in a position to codify your scale of pay in various grades with reward schemes for star performers and others, including mediocre and average contributors.
Kritarth Team of OD Specialists
Bengaluru Service Centre,
18.3.2019