Compensation Is a Sub-Discipline of Human Resources
Market-based pay structures are now the most prevalent type of compensation, used by about 60% of American organizations over 50 employees. In general, when the market is as competitive as it has become, the pay structures of competitive organizations become part of the strategic human resource management (SHRM) process of analyzing what the external labor-market pays for positions that are similar in range (education, background, expertise, performance, etc.).