You define grade rates in the Grade Rate window.
Grade rate values are DateTracked and you must ensure you use the correct date to create your initial set of values.
If you intend loading historic grade rate details into Oracle HRMS, make sure you enter the correct start date for all your history.
Set your effective date to a date early enough for any historical information you want to enter.
Enter a name for the grade rate and select the units for measuring it. Save your new rate.
In the Grade Rate Values block, select the grades for which you want to define rates. For each grade, enter a fixed value or a minimum, maximum and mid value.
To use this grade rate to validate salary proposals entered in the Salary Administration window, you must enter a minimum and maximum value.
To view comparatio values using this grade rate, you must enter a mid value.
Select a currency to link to the new rate. If you select a currency you must also enter a value in the Value field.
Save your work.