A salary grade is a predetermined compensation level for a given position within an organization. The level is expressed through a salary range and typically the levels are set at each individual business entity. For example, the salary grade for mid-level management positions at ABC Inc. may be different from the salary grades of XYZ Inc. When setting salary grade, company executives, hiring managers and other relevant parties will discuss the possible skill levels and credentials of professional likely to be hired for a given position. The salary grades are frequently meant to be competitive while giving the employer room to negotiate.
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