Maintaining a salary structure that aligns with the organization's pay philosophy and is competitive to the labor market is imperative for any organization. Most organizations update their salary structure every one to two years, as budget permits.  However, during the recent recession, some organizations chose not to increase their salary structures for cost containment and/or a lack of competitive pressure to do so.  For 2015, the stronger U.S. economy and increased employer confidence should continue to bolster job gains, and economists expect the previously sluggish wage growth to finally accelerate.  Whether or not you've adjusted your salary structure during the past few years, it is certainly time to do so now. 

(WageWatch)  Read the complete article