Calculate a salary
A salary pay scale makes it possible to directly calculate the remuneration of employees based on their qualifications. Their qualifications are spread across tiers that have a value (amount in euros or multiplier). From a formula linking the tiers together it becomes easily possible to calculate any salary.
In the example below, five components were chosen to be included in the formula:
From the formula and the qualification of this employee, we can calculate their salary simply:
Within Clearwage, once your pay scale has been defined, you’ll be able to use the salary calculator to adjust the remuneration individually and the budget for future recruitments:
In the example above, the remuneration is based directly on the calculated salary but it’s also possible to create an adjusted salary or a salary that’s completely separate from the pay scale. For more information, see the article on how to define a salary.