What term refers to the relative pay of jobs within an organization?

The term that refers to the relative pay of jobs within an organization is "job structure." Job structure involves the hierarchy of jobs within the organization and encompasses the relationships and comparisons between different positions based on their responsibilities, requirements, and compensation. It ensures that there is internal equity across various roles, reflecting how similar jobs are compensated relative to one another.

Job structure is fundamental in establishing a clear framework for compensation practices, which aids in ensuring fairness and consistency in pay decisions. By having a well-defined job structure, organizations can manage their compensation policies more effectively and ensure that employee remuneration aligns with their job responsibilities and organizational goals.

In contrast, a pay scale generally refers to a specific number or range that indicates the standard pay for a specific job or group of jobs but does not provide insight into the relationships or relative pay between multiple jobs. Job classification typically involves categorizing jobs into defined groups based on similar duties, but again, it does not fundamentally address the relative pay aspect. Market salary pertains to compensation based on prevailing rates in the external job market, which can differ from internal job valuation. Therefore, job structure is the most appropriate term for describing the relative pay of jobs within an organization.