A salary band is a range of pay that an organization assigns to a specific role. It defines the value of each role based on market value and internal value, and provides opportunities for more effective pay management .
If you are looking for a salary band template, you can download a free one from Kenjo . The template is customizable and has an automatic salary range calculation feature that includes individual departments. It also has a clearly structured format that makes it easy to use.
Indeed also provides a guide for HR professionals on how to create salary bands. The guide explains what salary bands are, how they work, and the benefits of using them. It also lists steps to create your own salary bands and answers some frequently asked questions .