Grade Rates

Grade rates contain the pay values that are related to each grade.

Grade rate values can be either a fixed amount or a range of values, and you can set up rates for different types of pay such as salary, overtime, and bonuses.

Note the following:

• Grade rates for some jobs or positions might include an hourly salary rate and an overtime rate.

• Grade rates for other jobs or positions might contain a salary rate type with a range of amounts and a bonus rate type with a fixed amount.

• Grade rates typically serve only as a guideline to validate that the salary you propose during the compensation process for a worker on a certain grade is appropriate for that grade.

This figure illustrates a grade that has two rate types associated with it: Salary rate type that has a range of valuesBonus rate type with a fixed amount

This figure illustrates a different grade that has two rate types associated with it:Salary rate type that has a fixed amountOvertime rate type that also has a fixed amount

Rate Types

The types of rates that you can set up depend on the values for lookup type GRADE_PAY_RATE_TYPE. Examples of rate types are salary, bonus, and overtime pay.

Grade Rates and Legislative Data Groups

You assign a legislative data group to each grade rate. Depending on how your enterprise is configured, you may have several legislative data groups. You can set up grades that are shared across different areas of your business, and enter rates that are specific to each legislative data group.

Grade Rates and Grades

You can do the following:

• Set up grade rates when you set up grades

• Set up grade rates independently from grades

For grades with steps, you enter rates when you attach the grades to a grade ladder.