MightyRecruiterSalary range refers to a set minimum and maximum pay rate for a specified compensation level or pay grade. Companies may choose to list this range with their job postings or they may simply use the number internally to guide salary offers and negotiations. Despite terms like ‘manager’ or ‘web developer’ being used in many companies, salary ranges are an internal affair and aren’t typically governed via state or federal regulations. However, many companies do set these ranges with the intention of remaining competitive in the market for top quality employees and professionals. Salary ranges frequently change with varying pay grades or compensation levels.
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