Management prefers a system of pay ranges versus a standard rate for each job.

Question

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Pay ranges allow for flexibility and differentiation in salaries based on factors such as experience and performance, which can help incentivize employees and retain top talent. A standard rate for each job may not account for these factors and could lead to dissatisfaction or turnover. Therefore, many organizations prefer to establish pay ranges for their employees.

Management Prefers a System of Pay Ranges Versus a Standard