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On what basis salaries for different positions are determined by various companies?

Date: 20 Apr 2016    Group: Education    Category: India Educational Consultants   

Various companies offer different salaries for same or similar positions. On what basis salaries for different positions are determined by various companies? In case the minimum qualification for the offered position is MBA, then do the reputation and ranking of the college from where MBA was completed, matters?
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Author: Mahesh    25 Apr 2016      Member Level: Gold     Points : 4  (Rs 4)    Voting Score: 0

Most of the companies have positions designed on the basis of following -

1. Tasks to be done
2. People to manage
3. Hierarchy of responsibility
4. Liability towards tasks and people involved.

Depending on this the salary is usually set. And this sort of planned salary is found in MNCs.

You may not see this in small scale companies or business. In short you can see that the salaries depends on the work you push onto in such small companies.

Most of the positions and the salaries are not on the basis of the MBA degree or any degree for that matter. It is on the basis of experience and the benefit of your experience that you can offer to the company. MBA degree only helps in getting the job, it doesn't help you to get increments and to climb the ladder in the corporate world.

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