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Tom Farmer demonstrates how to create a simple salary range structure using employee data and spreadsheet. Pay structures can vary between companies, with some having function-specific ranges and others having simple structures where everyone in the same grade has the same range. It is important to adjust part-time salaries to full-time equivalent salaries. The Patterson grade is a job evaluation method based on factors like judgment, accountability, knowledge, skill, impact, and complexity, resulting in banding and sub grading, such as band E for strategic level roles.
