Determining salary range for particular companies depends on many factors.
Top level positions usually have the largest range while lower positions have the narrowest range. It should reflect employer needs such as the overlap in salary ranges to allow career development and pay increases with specific evaluation at each level. Salary range generally has a minimum, middle and maximum pay rate. By keeping their range within market range, they could keep their employee turn over rate low since salary is the most common factor for employees to switch company. Companies use this range as references to keep paying their employees within market salary range. Salary range is the range of salaries to pay employees for particular job or function. And, you can select to generate those salaries using three different options. You can calculate it just by filling required parameters.
A salary slip plays an integral role in the payroll process, for both employers and employees alike.