Pay structures are designed to provide pay levels that are externally competitive, internally equitable and cost effective. Pay structures group jobs of equal value or worth into pay grades. Pay ranges reflecting market value are then assigned to these pay grades. Each pay range has a minimum, midpoint (market rate) and maximum – aligned with best pay practices. As institutional finances allow, pay grades will be adjusted to reflect current market rates and jobs may be assigned to a new range. Jobs may move up, down or remain in the same grade.
