How can an organizations ability to pay be determined and wh

How can an organization\'s ability to pay be determined and what impact would that information have on pay level decisions?

Solution

There are four key elements in Developing Pay Levels:

For all them is needed information. Pay levels and Job structure go together, to develop pay levels is required external information, which ones are current market salaries? and to update organizational pay levels with respect the market trend to keep talented people aboard. It is a constant research effort to collecting information.   

In the same way, job structure is a research effort too, but it is internal, it is about to be well-informed of job descriptions and to promote internal equity, it is collecting information too.