What is grade in SAP SRD-HR-CMS - HCM-Compensation?

SAP Term: grade

• Component: SRD-HR-CMS

• Component Name: HCM-Compensation

• Description: A point or range with a numerical value. Grades may be associated with one or more jobs and/or persons.

Smart SAP Assistant

• Key Concepts: 
  Grade is a term used in SAP HCM-Compensation to refer to a level of pay within an organization. It is typically used to differentiate between different levels of employees, such as seniority or job title. Each grade is assigned a numerical value that is used to determine the employee's salary. 
  
  How to use it: 
  In SAP HCM-Compensation, grades are used to assign salaries to employees. When creating a new employee record, the user will need to select the appropriate grade for that employee. This will determine the salary for that employee. Additionally, grades can be used to create salary scales and salary structures within an organization. 
  
  Tips & Tricks: 
  When assigning grades to employees, it is important to ensure that the grade accurately reflects the employee's job title and seniority level. Additionally, it is important to ensure that the grade assigned is in line with industry standards and other organizations in the same field. 
  
  Related Information: 
  For more information on grades in SAP HCM-Compensation, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_HCM_COMPENSATION/latest/en-US