Determining Pay Range

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Pay range is the range in which an employer will pay for a particular job. There's are several factors to determine the pay range for an organization. Once an employer feels confident that it has current and accurate job descriptions, it should determine whether to group the jobs into separate job families or have one pay grade system for all positions throughout the organization.(www.shrm.org, 2017) This is usually determined by such factors as education, experience, and certifications. A pay range is given when a company has to examine the candidate's qualifications. The range includes a minimum pay level and a maximum pay level for a given job, and an employee's actual pay falls somewhere with that range. There should be enough variance

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