Knowing the differences between salary types gives the advantage to employers to better craft their offers to new workforce, to leverage the advantages of these differences to obtain leverage and employee satisfaction, to make the necessary changes if the business needs it and also to keep competitive industry specific salaries.

On how successful the salary negotiation is, the financial future and wellbeing of an employee depends. Thus at salary negotiation it crucial to demonstration your knowledge, your experience, skills and capabilities in order to score the highest salary possible.

In cases when the salaries are established or paid out in a non local currency, exchange rates are used for the calculation of the salaries.

Each job and each position in the corporate settings has defined salary ranges, assuring that each position has the same compensation.