Most people work hard to climb the company ladder and obtain a higher salary than they previously had. If not, then they usually seek other opportunities that might offer a salary better than what they currently have. Either way, the quest for higher pay is a familiar one for many people. How exactly is salary determined though?
The human resources, or HR, department is almost always the one that makes the determination what the range of an employee’s or prospective employee’s salary should be. Note that initial salary is usually determined to be a range. The minimums and maximums of what a company should pay someone are determined by surveys across companies in similar fields, done from reliable research organizations of course. A range is always preferred over a solid number because salaries often increase the longer an employee has been with the company, but the minimum is usually agreed upon by the industry.
Other factors that play into salary determination are usually environmental ones, such as the cost of living in the area where the employee lives or the company is based. Although a certain position may be worth a certain salary, it will almost always be relative to cost of living. Education and field-specific credentials are also often taken into consideration, which more of is worth more.
If you suspect that you are being unfairly paid for your position or based on other factors, you may want to consult with an attorney to consider your options. We at the Franco Law Firm are always here to help see justice serve for anyone that walks through our door. To learn more about the services we offer and to schedule a free consultation with us today, please call us at (813) 872-0929.