Are you looking for some creative salary schedule templates to make them usable in your own business or organization? If so, then you are at the right place because, in this article, we provide you with an amazing collection of free salary schedule templates. These templates are going to be of great help to you as they will allow you to draft a salary schedule for your organization within no time. So, go ahead and check out these free salary schedule templates given here on this page.
BEST Salary Schedule Templates in MS EXCEL
State Salary Schedule Template
File Size: 11 KB
Teachers’ Salary Schedule Excel Template
File Size: 35 KB
Certified Salary Schedule Template
File Size: 10 KB
Classified Salary Schedule Template in XLSX Format
File Size: 30 KB
Free Customizable Salary Payroll Schedule Template
File Size: 10 KB
Professional Employee Salary Schedule Template
File Size: 07 KB
Features of a Salary Schedule Template
Every organization from a small-scale business to a multinational company and from a school to a university has got employees working for them. Without employees, no organization can perform its daily activities and routine operations. Of course, these employees are to be paid in the form of salaries and wages. Some are paid more while others are paid less depending on several factors like pay grade, education, level of expertise, and work experience, etc.
Payroll costs are important costs of a business and that is why they are queried to be reported correctly in the financial statements of a business. You can achieve this objective by maintaining a proper salary schedule. Many companies create their own salary schedule templates while the new startups look for salary schedule templates on the internet as some of the best and free-to-use templates are available on the web.
You can also check out our free salary schedule templates provided here on this page. Our users can take guidance from these free samples when preparing salary schedules for their businesses. Using the salary schedule templates ensures consistency and fairness. A pre-formatted salary schedule template allows you to create and maintain your own schedule with minimal effort. You just have to download a suitable template of your choice, customize it and use it as per your own requirements.
Salary schedule templates are more official and efficient thus saving a lot of your time, effort, and resources. Using them is a cost-effective method to maintain your payroll records as most of the new startups can’t afford expensive equipment or software in the beginning so they opt for using payroll schedule templates.
Check Salary Schedule PDF Templates
Monthly Payroll Schedule Template
File Size: 301 KB
Full Time Faculty Salary Schedule PDF Template
File Size: 16 KB
Classified Employee Salary Schedule Sample PDF
File Size: 25 KB
Department of Labour Salary Schedule Form Template
File Size: 44 KB
Blank Salary Schedule Form PDF Template
File Size: 261 KB
Detailed Salary Schedule Template
File Size: 68 KB
How to Create a Salary Schedule?
Nowadays, organizations use automatic software and programs to create salary schedules. Even after you use top-notch technology to manage your payroll matters, you should know the basics of how the salary schedules are prepared. This way, you will be able to get more consistent and reliable payroll information. Follow these steps to create a perfect salary schedule for your organization:
- Create a column for the names of employees which includes their full legal names.
- Create a separate column for your employees’ job titles and job positions which enables you to determine their pay grades and salary ranges based on their experience, responsibilities, and level of expertise.
- Specify the maximum and minimum salary ranges for each pay grade that will be based on industry standards. If you have no clue how to determine that, you can conduct surveys or use job postings to get a clear picture of what matching jobs pay in your locality.
- After that, carefully calculate and write down the salary for each pay grade based on their job role.
- Determine and specifically mention the increments i.e., how much percentage of the salary of an employee will increase on a yearly basis, which depends on several factors like the level of expertise, level of education, and seniority.
- Collect all the data and prepare a salary schedule in the form of a table or chart enlisting each pay grade, job title, amount of salary, pay increments, etc.