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Economics Expert Explains Salary Factors
Rania Al-Mariy explains that an employee's salary depends on several factors, including the market value of the job, the company's capabilities, the employee's skills and their importance, as well as the size and nature of the company and available liquidity. She also notes that academic qualifications and rare specializations impact pay, along with the work location, the nature of the job, and the level of risk involved. She clarifies that differences in salaries among employees with the same job title are due to variations in skills and experience, and that additional skills such as languages and software proficiency contribute to determining the salary range.
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