What Pay Grades Can Do For Your Organization
By Stacey Carroll, PayScale.com
We talk about pay grades all the time here at PayScale, but not everyone understands why they are so important. So, without further ado, here are our top three reasons to adopt pay grades.
3. Easier to Administer Than Individual Ranges
While this is not the primary reason for developing pay ranges, it is important. In job-based ranges, each job has a different pay range. In some cases, the difference in one range and another may be quite small, even insignificant.