How do I setup Pay Rate Categories?

How do I setup Pay Rate Categories?

Pay Rate Categories allow an employee to be linked to a defined pay rate. It can be configured on Pay Rate Categories screen.

When adding a new employee or applying an increase, the package will default to the pay rate value specified in the category. The package can still be overwritten. It can also be applied in formulating the calculation of a component and selected as a report field when generating reports.

      Navigate > Configuration > Payroll > Payroll Config > Pay Rate Categories