How does the number of onboardings impact the salary structure for employees in this organization?

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Accepted Answer

The number of onboardings can impact the salary structure by affecting budget allocation, salary negotiation power, and overall compensation competitiveness.

Increased number of onboardings may lead to a higher budget allocation for salaries, allowing for higher compensation packages.
Higher demand for talent due to increased onboardings can give employees more negotiation power for salary increases.
Competitive job market resulting from numerous onboardings may require the organization to offer more attractive salaries to retain top talent.
Conversely, a decrease in onboardings may lead to a more conservative approach to salary increments and bonuses.
The salary structure may need to be adjusted based on the influx or reduction of new hires to ensure fair and competitive compensation.
For example, a company experiencing rapid growth with many new hires may need to revise their salary bands to remain competitive in the market.

How does the number of onboardings impact the salary structure for employees in this organization?

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