Design the pay structure of three different managerial level of any organization and explain the components of pay structure included in it.

In the context of Compensation and Rewards Management, designing a pay structure for different managerial levels is essential to ensure internal equity, external competitiveness, and employee motivation. An effective pay structure must reflect the responsibilities, skills, experience, and market rates for each level. Let us consider a mid-sized manufacturing company and design the pay structure for three managerial levels: Junior Manager, Middle Manager, and Senior Manager.

1. Junior Manager

A Junior Manager typically supervises operational staff and ensures the smooth execution of day-to-day activities. Their pay structure is designed to attract fresh managerial ___ _______ __________ _____ ____ ________ ______ _______.
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