Pay grades are a critical part of any organization’s compensation strategy. They help to ensure that employees are fairly compensated for their work and that the organization stays competitive in the market. However, pay grades can be confusing for employees, especially if they are new to the organization or are not familiar with the compensation structure. In this article, we will demystify pay grades and explain how they affect employees. What are Pay Grades? Pay grades are a way of grouping jobs based on their value to the organization. Typically, jobs are grouped based on their level of responsibility, scope of work, and required skills and qualifications. Each pay grade…