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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.
Pay bands (sometimes also used as a broader term that encompasses several pay levels, ranges or grades) is a part of an organized salary compensation plan, program or system. In an organization that has defined jobs, pay bands are used to distinguish the level of compensation given to certain ranges of jobs to have fewer levels of pay ...
As an example (and not including locality adjustments), an employee at GS-12 Step 10 (base salary $98,422) being promoted to a GS-13 position would initially have his/her salary set at GS-13 Step 4 (base salary $99,028, as it is the nearest salary to GS-12 Step 10 but not lower than it), and then have his/her salary adjusted to a higher step ...
The pay system is influenced by the grade level and by quality of performance, length of service, and recruitment and retention considerations. [11] The law requires the Office of Personnel Management (OPM) to define Federal occupations, establish official position titles, and describe the grades of various levels of work.
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The officer grades are all one higher than their NATO equivalent (except O-1) as the O-1 and O-2 grades are both equivalent to the NATO code of OF-1. Hence O-3 is equivalent to OF-2, O-4 is equivalent to OF-3, and so on. U.S. warrant officer grades (W-1 through W-5) are depicted in the NATO system as WO-1 through WO-5. The United States is the ...
According to the Department of Labor, median annual salary for medical assistants in 2011 was $29,100, but students with medical-assistant certificates typically earned less than $20,000. In some programs, graduates earned less than $15,080, the minimum wage, which means they were working part-time.