Question: discuss in detail the issues to be considered in developing pay structure in organizations? Legal Requirements Equal pay for equal work Minimum wage Overtime pay

discuss in detail the issues to be considered in developing pay structure in organizations?

Legal Requirements Equal pay for equal work Minimum wage Overtime pay Restrictions on child labor Market Forces Product markets Labor markets Organization's Goals High-quality workforce Cost control Equity and fairness Legal compliance Pay Level Decision Job Structure Decision Pay Structure Decisions Pay rates Pay grades Pay ranges Pay differentials

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