Posted in Human Resource Terms, Total Reads: 12381
Definition: Job Grade
Job grade is defined as a collection of jobs that are considered having the same value or worth for compensation purposes. The jobs that form a part of a specific job grade have similar job descriptions and requirement of knowledge, skills and abilities, thus making the pay scale similar for all those jobs.
A job grade is very similar to pay grade where all jobs having the same pay are grouped together, except that the jobs in a job grade have similar descriptions and specifications whereas jobs in the same pay grade might not have the same descriptions and classifications.
Job Grade classification helps in the recruitment process, compensation system and training and development planning of the employees in the organization.