Define rate-based salary grades to associate a range of salary values with a specific grade sequence. This enables you for example, to pay security officers between $45,000 and $47,000 depending on seniority and skill level. The sequence is the exact salary value in the range to apply. In this case, sequence 1 could have a value of $45,000 and apply to entry level security officers. Sequence 2 could have a value of $46,000 for security officers with more than two years of experience.
To specify salary rates:
From Salary Grade Type Input, select Grade Rate, and then click Save.
See Defining Salary Grades for the information to specify in Grade Details.
Right-click 1st Element Change, select Add Salary Option, and then select Add Grade Rates.
Select Grade Sequence—Specific salary value, in a range of possible values, to use. For example:
Sequence 1 Sample Sequence To Select Sequence 2 Sample Sequence To Select Values between $84,000 and $87,500 $85, 500 Values between $87,510 and $91,000 $89,000 Effective Start Date—When the salary rate is effective
Select Operator— Set to initially define the rate
If you are editing the salary rate, select the operation to perform. For example, to decrease the rate by $130.00, select Subtraction.
Enter Value—Salary amount to budget
If you are editing the salary rate, enter the value by which to change the rate. For example, to decrease the salary rate by $130.00 enter 130.
Grade Minimum Value—Lowest salary amount
Grade Mid Point Value—Average salary amount
Grade Maximum Value—Highest salary amount