[astaunton]

I would think that it will be benchmarked and compared against the same role/roles in other Europen countries (taking in to account cost of living etc).

So as an example Junior Software Engineer / Developer in one European country may be 35-45k salary but could be 30k-40k elsewhere (where property prices / food prices etc are lower).

This would also may it easier for job applicants to know what the expected pay scale is before interviewing (in my experience recruiters often contact people with roles that would be below their salary expectation e.g. software developer with 10 years experience being sent a role with a salary scale equivalent to a recent graduate)