Pay bands example

Pay bands example
Pay bands example diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.

See below image for the Pay bands example diagram. Salary bands (or pay ranges) are how you define the target pay for employees within job grades. For each Level, a company should decide the low-end and high-end of the pay that level will command. Salary bands help when making offers, retaining employees, and planning for future growth.

(Pay Band 2 = $15-$24 per hour). Organizations with pay band structures in place allow managerial control and discretion to reward exemplary employees while keeping within a predetermined budget. Pay bands differ from pay scales, which typically appear during the job offer stage of salary negotiations.

As the pay band number increases, job responsibilities correspondingly increase. (Pay Band 2 = $15-$24 per hour). Organizations with pay band structures in place allow managerial control and discretion to reward exemplary employees while keeping within a predetermined budget.