MightyRecruiterA wage curve displays the current pay rates for various jobs within a pay grade in relation to their company ranking. This is usually done during the job evaluation process as a way to ensure that employees receive fair compensation for their skill and education level. Wage curves sometimes depict a company’s current salary rate in contrast to the salary rate of other companies in the same industry. When a curve is used for this purpose, it allows the company to see what competitors are paying their workers. The use of a wage curve is an important element of the wage and salary survey process, and it is usually created using human resource data, and at times, employee-reported data.
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