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Ranwa El Mery outlines the multi-faceted approach to calculating employee salaries, emphasizing market value, company capability, employee specialization, and auxiliary skills. The discussion highlights that salary disparities between employees with similar titles can be justified by differences in skill proficiency and experience, underlining the complex economics of wage determination.
Ranwa El Mery, a social economy expert, explains that determining an employee's salary is not based on a single factor but on a combination of criteria.
These include the value of the job in the labor market, the company's financial capacity, the employee's skills, specialization, and the scarcity of their expertise. The size and nature of the company, as well as its available liquidity, also significantly impact salary decisions. Academic qualifications, certifications, diplomas, and the rarity of a specialization play a crucial role in setting wages, reflecting the supply and demand dynamics of the profession.
Additionally, the location of the job, the nature of the work, and the associated risks can affect the final salary amount. El Mery notes that two employees with the same job title can have different salaries if their skill sets and experiences differ, which is a standard market practice rather than an injustice.
Employees possessing additional skills, such as language proficiency, programming abilities, or strong social-emotional intelligence, are often placed in higher salary brackets, even if they share the same job grade or title
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