![]() Sometimes education and training can account for any experience an individual lacks. However, someone with 15 years of experience will have gained trust within the company and will likely hold a leadership role and shoulder more responsibility. An entry-level position within a company will often have fewer responsibilities and will, therefore, fall lower on the pay scale. Level of responsibilityĮxperience and responsibility are often related. Your value to a company increases because your skills can positively affect your productivity, and your expertise can serve to support less-experienced co-workers. ![]() The more time you have working within the same field, the more advanced your experience will be. For services that are in higher demand, services that require more education, or production that require greater skill, workers are paid more. The need for services and products within differing industries directly relates to the need for employees and their skills. ![]() Some factors companies usually consider when creating a pay scale are: Individual industry ![]() ![]() Although many factors can influence where an employee places on a pay scale, companies and leadership often develop a set of standards to help in the fair assignment of compensation for new and existing employees to understand the hierarchy of the company and to have confidence that they are paid a reasonable wage. ![]()
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