Grade Rate Used in a Grade Ladder

A grade rate is used in a grade ladder when the grades don’t have steps.

You create the grade rate in the Grade Ladders page by specifying a rate name, and other attributes such as currency, frequency, and annualization factor, while you’re creating your grade ladder.

If you’re using your grade rate in a grade ladder, enter the value. Enter the minimum, maximum and midpoint only if you want to also use the grade rate in a salary basis.

If your grade rate was created within the Grade Ladders page, you won’t be able to view or edit it on the Grade Rates page. You need to make any required updates on the Grade Ladders page.