MightyRecruiterPay grades are defined as a method of categorizing different types of jobs into groups that have the same relative pay rate and internal worth. They are used to determine a standard framework of monetary compensation for both private and public sector organizations. Pay grades typically encompass two separate levels of evaluation. The vertical range is associated with the responsibilities needed for a specific position, while the horizontal range corresponds to tenure and performance in the workplace. In this way, employee progress can be assessed on a regular basis rather than relying on an open form of negotiation for fair salary ranges.
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