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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

How do you write a pay scale?

Basic Pay. Grade Pay. It means your salary will be calculated as. (Basic + grade pay)+DA+HRA+MA. Presently, DA is around 110%, HRA may vary from 10% to 30% and MA can vary widely. Here I'm assuming DA=110% HRA=20% MA=40% Gross monthly salary.

How do you create a pay scale?

Step 1: Establish overall pay range. Determine a company minimum and a company maximum pay. Step 2: Establish number of grades. Step 3: Establish a range per grade. Step 4: Create pay grade chart. Step 5: Review and amend.

How do employers determine salary?

Salary range generally has a minimum pay rate, a maximum pay rate, and a series of mid-range opportunities for pay increases. The salary range is determined by market pay rates, established through market pay studies, for people doing similar work in similar industries in the same region of the country.

How do employers determine wages?

According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating a market for labor.

Does HR determine salary?

In return for giving them your company's job description and salary information, they give you the industry ranges for all the job classes. Then your HR department, based on executive decision, decides what percentile they want to pay salaries at.

What determines pay rate?

The rate you get paid is determined by the person/company that pays you. You may attach any price tag to your service. However, the rate is ultimately determined by market forces such as supply, demand, and current industry rates.

Who makes salary decisions?

Salary Factors: Here#8217.s How Your Employer Decides How Much You Get Paid. What goes into determining how much money you make? In most organizations, salaries are determined by mapping roles and job descriptions with similar organizations (competitors) through a third-party compensation and benchmarking service.

What is the proper way to write annual salary?

The proper format is to write “Salary Range,” followed by a colon. He should enter the low end of his range -- for instance, $30,000 -- followed by the high-end of his range -- for instance, $35,000. The line should read something like, “Salary Range: $30,000 to $35,000.”

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