This grid structure is essential for managing employee performance and compensation, allowing the company to evaluate performance in a fair and transparent manner. Audit functionality and the ability to manage additional values provide flexibility and control in administering these grids, helping to ensure that evaluations and compensation are aligned with organizational goals.
Company Settings > Human Resources > Organizational Structure > Grade/Category/Class
Structure Analysis
Grades:
This section refers to the different rating ranges (or grades) that can be used to rate employee performance or compensation.
Details:
Click here to view audit trail: This suggests that an audit trail is available, allowing users to see changes made to the grades. This functionality is important for transparency and compliance.
Code: A unique identifier for each grade (e.g. 0001 for GRADE 01).
Description: The name or description of the grade (e.g. GRADE 01).
Minimum: The minimum value associated with this grade (e.g. 80.00).
Maximum: The maximum value associated with this grade (e.g. 120.00).
Bonus Percentage: A field that can be used to define a bonus percentage that can be awarded within this range (not provided in the example).
Average: A field that can be used to calculate the average of the ratings or performances within this 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 in career development.
Additional Values:
Manage values: This indicates that you can manage or add additional values associated with this grid, allowing for customization to suit 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.