November 15, 2012
Salary Bands/Pay Bands and Variable Compensation: A Manager’s Guide to Attracting Talent
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<a class="asset-img-link" href="http://featherfiles.aviary.com/2012-11-14/f77694d11/5d51acd1080b44f38196e15011b2aeed_hires.png"><img alt="Pay bands" border="0" class="asset asset-image at-xid-6a00d8341bf85853ef017c337d1d5e970b image-full" src="http://www.payscale.com/content/blog/images/a6a00d8341bf85853ef017c337d1d5e970b-800wi.png" title="Pay bands" /></a><br />Jessica Miller-Merrell, <a href="http://www.blogging4jobs.com" target="_self" rel="noopener">Blogging4Jobs</a></p>
<p>If you’re in the business of giving or receiving (or hoping to receive) an annual merit increase, it’s a good time to get familiar with pay bands. Pay bands — a term that is sometimes used to lump broader terms such as pay levels, ranges or grades — is a component of an organized salary compensation structure. For example, an administrative position at a software company might include receptionists, office assistants and executive assistants. Those jobs are categorized together and given a predetermined minimum and maximum (Pay Band 1 = $12-$18 per hour). </p>