Definition, Meaning & Synonyms
paygrade
noun
/ˈpeɪˌɡreɪd/
Definition
A classification system that determines an employee’s salary and benefits based on their level of responsibilities and experience.
Examples
- Employees in higher paygrades typically have more management responsibilities.
- Her promotion to a higher paygrade came with a significant salary increase.
- The company reviews paygrades annually to ensure competitive salaries.
Meaning
Paygrade refers to the level at which an employee is compensated within an organization, often indicating their rank and the associated pay scale.
Synonyms
- salary level
- compensation grade
- wage bracket
