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A wage structure is commonly used by employers to set out the range of pay, from minimum to maximum, associated with each salary grade or

A wage structure is commonly used by employers to set out the range of pay, from minimum to maximum, associated with each salary grade or band. By associating each position with a grade or band, employers can use a salary structure to help manage compensation in an optimal way.

Describe the stages in the wage structure formation process in an organisation (20 key points and explanation)

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