Salary ranges are an important part of any organization’s compensation strategy. A salary range is a range of pay that an organization is willing to pay for a particular job or group of jobs. It typically includes a minimum and maximum salary, and is based on factors such as job duties, responsibilities, and experience. Establishing a salary range can be a complex process, but there are guidelines and best practices that can help organizations navigate this process effectively. Why Establishing a Salary Range is Important Establishing a salary range is important for several reasons: It helps attract and retain top talent: A competitive salary range can help organizations attract and…