Salary management plays a crucial role in creating a positive and productive work environment. It involves the strategic allocation and administration of compensation packages to employees. Effective salary management not only ensures fair and competitive wages but also motivates employees, promotes job satisfaction, and fosters a strong employer-employee relationship. In this article, we will explore the significance of effective salary management in the workplace, focusing on three key aspects: attracting and retaining talent, fostering motivation and productivity, and building trust and loyalty.…