What Are Salary Grades, Why Are They Important, & How to Build Them

What Are Salary Grades, Why Are They Important, & How to Build Them

Salary Grades Explained
Did you know that your organization’s salary grades are the key to helping you balance internal equity and external competitiveness? If you need to modify, build, or just learn about the importance of salary grades, then this webcast is for you. Watch now.

Elizabeth Maizels, Director of Solutions Consulting at Salary.com, talks about using salary grades to streamline day-to-day operations and help your company plan better for pay equity.

Here is what you can expect to learn from this webcast:

  1. Salary grades – what are they, and why are they so important?
  2. How do you create salary grades and the implications for a salary structure?
  3. When to use a salary or job range instead of a salary grade.

Don’t miss the webcast - watch now!

What Are Salary Grades?

Salary grading is the process of determining an employee’s salary for a particular job based on their performance. It is a tool used by employers to manage compensation and motivate employees. Salary grades can help ensure that your organization makes the most informed decisions about how to allocate resources when hiring new employees.

Why are Salary Grades Important?
There are multiple reasons why companies grade their salary structures. One is to determine how much an employer will pay employees based on the value the employees bring to the company rather than on a one-size-fits-all approach.

How To Build Salary Grades

To get started with salary grades, you must first decide which attributes you would like to use as a basis for classifying or grading all employees. Salary grading can include factors such as job title, years of experience, or education level. Once you have determined which attributes are most relevant for your organization, it will help you determine how they impact your salary structure and scales.

To learn more of the specifics as to where to begin and how to implement salary grading, watch our 20-minute webcast now.

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