👉 Salary computing refers to the process of determining an individual's or organization's compensation based on various factors such as job responsibilities, skills, experience, industry standards, and market rates. It involves analyzing data from internal pay scales, external market surveys, and performance metrics to establish a fair and competitive salary structure. This process ensures that salaries are aligned with the value employees bring to the organization while also attracting and retaining top talent. Salary computing often includes regular reviews and adjustments to reflect changes in the job market, economic conditions, and organizational performance.
