This grid structure is essential for managing employee performance and compensation, allowing the company to evaluate performance fairly and transparently. Audit functionality and the ability to manage additional amounts provide flexibility and control in administering these grids, helping to ensure that valuations and compensations are aligned with organizational objectives.
Company Configuration > Human Resources > Organizational Structure > Grade/Category/Class
Grids:
This section refers to different evaluation ranges (or grids) that can be used to rate employee performance or compensation.
Details:
Click here to view audit trail: This suggests that there is an audit trail available, allowing users to see changes made to the grids. This functionality is important for transparency and compliance.
Code: A unique identifier for each grid (e.g. for GRADE 01).0001
Description: The name or description of the grid (for example, ).GRADE 01
Minimum: The minimum value associated with this grid (for example, ).80.00
Maximum: The maximum value associated with this grid (for example, ).120.00
Bonus Percentage: A field that can be used to define a bonus percentage that can be assigned within that range (not provided in the example).
Average: A field that can be used to average the evaluations or performances within that grid (not provided in the example).
Eligible for Performance Review: A field that indicates whether employees in this grid are eligible for a performance review, which can be an important factor for career development.
Additional Values:
Manage values: This indicates that you can manage or add additional values associated with this grid, allowing for customization according to your organization's needs.
History:
Code: 0001
Description: GRADE 01
Minimum: 80.00
Maximum: 120.00
Actions: Edit and Delete, indicating that users have the option to modify or remove this grid as needed.