They other factor is matching the pay bands to the market correctly. If the HR team outsources this to national averages rather than assessing peer companies, e

They other factor is matching the pay bands to the market correctly. If the HR team outsources this to national averages rather than assessing peer companies, especially in software, the bands are going to be too low. Which means if want to retain anyone (not just your high performers, but your average employees) you are forced to inflate to just match market rates.