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Relating Pay to Grades Directly: Using Grade Rates

In Oracle HRMS, you can set up a table of values related to each grade. These are called grade rates. You can enter a fixed value or a range of valid values for each grade.

For example, you might define a salary rate and an overtime rate of pay for every grade, with minimum, maximum, and midpoint values. Both rates would be in monetary units. However, you can also define rates with non-monetary units, such as days, hours, or numbers.

Grade rates are datetracked and this means that you can keep the history of the actual values you use. You can also set up rate values at a future date and be sure that this information will automatically take effect on the date you set, and not before.

You can use your grade rate values:

The salary administration process validates salary proposals automatically against the appropriate grade rate. You can use formula validation to check other compensation entries.

See Also

Defining Grade Rates

Salary Administration and Performance Reviews

Using Oracle FastFormula for Validation

Viewing Grade Comparatios

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