Salary bands play a crucial role in financial planning by preventing uncontrolled salary inflation, ensuring compliance with wage regulations, and facilitating the allocation of ESOP. They help establish fair and competitive compensation by standardising salaries for similar roles, reducing bias, and addressing wage gaps. While it is at the company’s discretion whether to share salary bands with employees, having a structured compensation framework fosters trust, enhances retention, and provides a clear pathway for career progression. This is a resource founders can use to document salary band and connected ESOP structure.
Salary bands play a crucial role in financial planning by preventing uncontrolled salary inflation, ensuring compliance with wage regulations, and facilitating the allocation of ESOP. They help establish fair and competitive compensation by standardising salaries for similar roles, reducing bias, and addressing wage gaps. While it is at the company’s discretion whether to share salary bands with employees, having a structured compensation framework fosters trust, enhances retention, and provides a clear pathway for career progression. This is a resource founders can use to document salary band and connected ESOP structure.
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