Understanding Pay Rates for Pay Grade Steps

Periodically, you might need to adjust the pay rates for the pay grade steps. For example, you might need to enter a cost-of-living increase for all pay grade steps, or you might need to make a market adjustment to a particular pay grade step. You can manually or automatically update the pay grade step table to reflect the new rates.

You can use any of these three methods to make automated changes to pay rates that are associated with pay grade steps:

• Enter a flat amount by which the rate will change.

• Enter a percentage rate change.

• Enter a base rate and a rate multiplier.

You might also need to make additional entries to the pay grade step tables. For example, you might need to enter new rates for all pay grade steps for the upcoming year. To avoid having to manually enter all of the information in the table for the upcoming year, you can copy existing records in the table and change only the fields in the new records that contain different information, such as the rate and date fields.