PAYGRADE
Pay grade
A pay grade is a unit in systems of monetary compensation for employment. It is commonly used in public service, both civil and military, but also for companies of the private sector. Pay grades facilitate the employment process by providing a fixed framework of salary ranges, as opposed to a free negotiation. Typically, pay grades encompass two dimensions: a "vertical" range where each level corresponds to the responsibility of, and requirements needed for a certain position; and a "horizontal" range within this scale to allow for monetary incentives rewarding the employee's quality of performance or length of service. Thus, an employee ...The above text is a snippet from Wikipedia: Pay grade
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pay grade
Noun
- A level indicating a base salary (in the US applying to military and government employees).
- Level of authority or responsibility (since pay rate, authority and responsibility generally increase similarly).
The above text is a snippet from Wiktionary: pay grade
and as such is available under the Creative Commons Attribution/Share-Alike License.